IDEAS home Printed from https://ideas.repec.org/a/eee/ecosys/v40y2016i3p373-386.html
   My bibliography  Save this article

The competitiveness of Latin-American economies: Consolidation of the double diamond theory

Author

Listed:
  • Castro-Gonzáles, Segundo
  • Peña-Vinces, Jesús C.
  • Guillen, Jorge

Abstract

The aim of this research is to assess the competitiveness of countries through the development of a new model, which is much simpler than those currently in use. The premise of this research is based on the fact that the current models contain numerous indicators/measures and cannot be applied to other contexts, such as the Latin American (LA) one. Based on the “diamond competitiveness” approach, we developed a model for the LA economies (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay and Venezuela). Our model has clear implications for both academics and policymakers and could help design state policies to improve economic growth, especially for the less developed LA economies.

Suggested Citation

  • Castro-Gonzáles, Segundo & Peña-Vinces, Jesús C. & Guillen, Jorge, 2016. "The competitiveness of Latin-American economies: Consolidation of the double diamond theory," Economic Systems, Elsevier, vol. 40(3), pages 373-386.
    • Handle: RePEc:eee:ecosys:v:40:y:2016:i:3:p:373-386
    DOI: 10.1016/j.ecosys.2015.10.003
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0939362516300413
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ecosys.2015.10.003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. repec:kap:iaecre:v:13:y:2007:i:3:p:268-284 is not listed on IDEAS
    2. Jesús C. Peña-Vinces & David Urbano, 2014. "The Influence of Domestic Economic Agents on the International Competitiveness of Latin American Firms: Evidence from Peruvian Small and Medium Multinational Enterprises," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(6), pages 229-248, November.
    3. Lall, Sanjaya, 2001. "Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report," World Development, Elsevier, vol. 29(9), pages 1501-1525, September.
    4. Chang Moon, H. & Rugman, Alan M. & Verbeke, Alain, 1998. "A generalized double diamond approach to the global competitiveness of Korea and Singapore," International Business Review, Elsevier, vol. 7(2), pages 135-150, April.
    5. George R. G. Clarke, 2009. "Beyond Tariffs and Quotas: Why Do African Manufacturers Not Export More?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 45(2), pages 44-64, March.
    6. Lora, Eduardo, 2005. "Should Latin America Fear China?," IDB Publications (Working Papers) 4367, Inter-American Development Bank.
    7. Eduardo Lora, 2005. "Should Latin America Fear China?," Research Department Publications 4409, Inter-American Development Bank, Research Department.
    8. Peña-Vinces, Jesús, 2009. "Comparative Analysis Of Competitiveness On The Peruvian And Chilean Economies From A Global View," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 14(27), pages 87-105.
    9. John Hulland, 1999. "Use of partial least squares (PLS) in strategic management research: a review of four recent studies," Strategic Management Journal, Wiley Blackwell, vol. 20(2), pages 195-204, February.
    10. David Kaplan, 2003. "Measuring our competitiveness - a critical examination of the IMD and WEF competitiveness indicators for South Africa," Development Southern Africa, Taylor & Francis Journals, vol. 20(1), pages 75-88.
    11. Jay Squalli & Kenneth Wilson & Sarah Hugo, 2008. "An analysis of growth competitiveness," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(1), pages 105-126.
    12. Cătălin Postelnicu & Irina Marilena Ban, 2010. "Some Empirical Approaches of the Competitiveness’ Diamond – The Case of Romanian Economy," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 13(36), pages 53-77, June.
    13. Cho, Dong-Sung & Moon, Hwy-Chang & Kim, Min-Young, 2008. "Characterizing international competitiveness in international business research: A MASI approach to national competitiveness," Research in International Business and Finance, Elsevier, vol. 22(2), pages 175-192, June.
    14. Van Rijckeghem, Caroline & Weder, Beatrice, 2001. "Sources of contagion: is it finance or trade?," Journal of International Economics, Elsevier, vol. 54(2), pages 293-308, August.
    15. Philippe Gugler & Serge Brunner, 2007. "FDI Effects on National Competitiveness: A Cluster Approach," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(3), pages 268-284, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pei-Hsuan Tsai & Chih-Jou Chen & Ho-Chin Yang, 2021. "Using Porter’s Diamond Model to Assess the Competitiveness of Taiwan’s Solar Photovoltaic Industry," SAGE Open, , vol. 11(1), pages 21582440209, January.
    2. Néstor Adrián Le Clech, 2023. "Productive capacity and international competitiveness: evidence from Latin America and Caribbean countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(3), pages 695-724, August.
    3. Vera Amicarelli & Giuseppina Miuli & Christian Bux & Raluca Mariana Grosu, 2022. "Advancing University-Business Cooperation in the Mediterranean Area," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(61), pages 832-832, August.
    4. Oscar Malca & Jesús Peña-Vinces & Francisco J Acedo, 2020. "Export promotion programmes as export performance catalysts for SMEs: insights from an emerging economy," Small Business Economics, Springer, vol. 55(3), pages 831-851, October.
    5. Caldeira dos Santos, Murillo & Pereira, Fábio Henrique, 2021. "Development and application of a dynamic model for road port access and its impacts on port-city relationship indicators," Journal of Transport Geography, Elsevier, vol. 96(C).
    6. Blanca L. Delgado-Márquez & Marcos García-Velasco, 2018. "Geographical Distribution of the European Knowledge Base Through the Lens of a Synthetic Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(2), pages 477-496, April.
    7. Zulma Medina-Rivera & Segundo Castro-Gonzales & Jose C. Vega Vilca, 2017. "Knowledge, Skills, And Other Individual Characteristics Of Academic Researchers," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 10(1), pages 79-98.
    8. Nirmalkumar Singh Moirangthem & Barnali Nag, 2020. "Developing a Framework of Regional Competitiveness Using Macro and Microeconomic Factors and Evaluating Sources of Change in Regional Competitiveness in India Using Malmquist Productivity Index," International Journal of Global Business and Competitiveness, Springer, vol. 15(2), pages 61-79, December.
    9. Jesús Peña-Vinces & David Audretsch, 2021. "Tertiary education and science as drivers of high-technology exporting firms growth in developing countries," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1734-1757, December.
    10. Magdalena Olczyk, 2016. "Bibliometric approach to tracking the concept of international competitiveness," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(6), pages 945-959, November.
    11. Valeska V. Geldres-Weiss & Nathaniel P. Massa & Joaquín Monreal-Pérez, 2021. "Export Promotion Agencies’ Lived Turmoil, Response and Strategies in COVID-19 Times," Sustainability, MDPI, vol. 13(21), pages 1-24, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Segundo Castro-Gonzales & Ericks Vazquez-Guzman & Jose C. Vega Vilca, 2015. "Ecuador, Peru And Colombia: South-American Competitors Or Complementaries? Global Competitiveness Analysis, Ecuador, Peru Y Colombia: ¿Competidores O Complementarios Sudamericanos? Analisis De Su Com," Revista Global de Negocios, The Institute for Business and Finance Research, vol. 3(6), pages 13-28.
    2. Nirmalkumar Singh Moirangthem & Barnali Nag, 2020. "Developing a Framework of Regional Competitiveness Using Macro and Microeconomic Factors and Evaluating Sources of Change in Regional Competitiveness in India Using Malmquist Productivity Index," International Journal of Global Business and Competitiveness, Springer, vol. 15(2), pages 61-79, December.
    3. Juan José García Ochoa & Juan de Dios León Lara & José Pablo Nuño de la Parra, 2017. "Propuesta de un modelo de medición de la competitividad mediante análisis factorial," Contaduría y Administración, Accounting and Management, vol. 62(3), pages 775-791, Julio-Sep.
    4. De la Cruz Gallegos Jose Luis & Ivanova Boncheva Antonina & Ruiz-Porras Antonio, 2008. "Competition between Latin America and China for US Direct Investment," Global Economy Journal, De Gruyter, vol. 8(2), pages 1-22, June.
    5. Ngai-Ling Sum, 2011. "The Making and Recontextualizing of ‘Competitiveness’ as a Knowledge Brand Across Different Sites and Scales," Chapters, in: Andy Pike (ed.), Brands and Branding Geographies, chapter 10, Edward Elgar Publishing.
    6. Juan José García Ochoa & Juan de Dios León Lara & José Pablo Nuño de la Parra, 2017. "Proposal of a model to measure competitiveness through factor analysis," Contaduría y Administración, Accounting and Management, vol. 62(3), pages 792-809, Julio-Sep.
    7. Jesús Peña-Vinces & David Audretsch, 2021. "Tertiary education and science as drivers of high-technology exporting firms growth in developing countries," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1734-1757, December.
    8. Adamkiewicz Hanna G., 2019. "The dimensions of national competitiveness: The empirical analysis based on The World Economic Forum’s data," Economics and Business Review, Sciendo, vol. 5(3), pages 92-117, September.
    9. Xia Wang & Danli Liu, 2020. "The Coupling Coordination Relationship between Tourism Competitiveness and Economic Growth of Developing Countries," Sustainability, MDPI, vol. 12(6), pages 1-18, March.
    10. Ngai-Ling Sum & Bob Jessop, 2013. "Competitiveness, the Knowledge-Based Economy and Higher Education," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(1), pages 24-44, March.
    11. Nguyen, Anh & Nguyen, Nhat, 2010. "Vietnam Industrial Policy and Large Economic Groups: A discussion," MPRA Paper 63461, University Library of Munich, Germany.
    12. DJAHINI, Edém, 2015. "Les principaux déterminants de la compétitivité internationale en Afrique Sub-saharienne [The main determinants of international competitiveness in Sub-Saharan Africa]," MPRA Paper 65024, University Library of Munich, Germany, revised 16 Jun 2015.
    13. Azman ISMAIL & Rizal ABU BAKAR & Wan Aishah WAN MOHD NOWALID & Nurul Hayati ADNAN & Mohamad Azhari ABU BAKAR & Syed Shah ALAM, 2014. "Does Career Program Have Effect On Employee Outcomes? Empirical Evidence," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 152-166, November.
    14. Gimet, Celine, 2007. "Conditions necessary for the sustainability of an emerging area: The importance of banking and financial regional criteria," Journal of Multinational Financial Management, Elsevier, vol. 17(4), pages 317-335, October.
    15. Al-Baraa Abdulrahman Al-Mekhlafi & Ahmad Shahrul Nizam Isha & Nicholas Chileshe & Mohammed Abdulrab & Anwar Ameen Hezam Saeed & Ahmed Farouk Kineber, 2021. "Modelling the Relationship between the Nature of Work Factors and Driving Performance Mediating by Role of Fatigue," IJERPH, MDPI, vol. 18(13), pages 1-17, June.
    16. Apriani Soepardi & Pratikto Pratikto & Purnomo Budi Santoso & Ishardita Pambudi Tama & Patrik Thollander, 2018. "Linking of Barriers to Energy Efficiency Improvement in Indonesia’s Steel Industry," Energies, MDPI, vol. 11(1), pages 1-22, January.
    17. Ting Chi & Olabisi Adesanya & Hang Liu & Rebecca Anderson & Zihui Zhao, 2023. "Renting than Buying Apparel: U.S. Consumer Collaborative Consumption for Sustainability," Sustainability, MDPI, vol. 15(6), pages 1-16, March.
    18. Tobias Knabke & Sebastian Olbrich, 2018. "Building novel capabilities to enable business intelligence agility: results from a quantitative study," Information Systems and e-Business Management, Springer, vol. 16(3), pages 493-546, August.
    19. Ki Han Song & Solsaem Choi & Ik Hyun Han, 2020. "Competitiveness Evaluation Methodology for Aviation Industry Sustainability Using Network DEA," Sustainability, MDPI, vol. 12(24), pages 1-16, December.
    20. Harmancioglu, Nukhet & Grinstein, Amir & Goldman, Arieh, 2010. "Innovation and performance outcomes of market information collection efforts: The role of top management team involvement," International Journal of Research in Marketing, Elsevier, vol. 27(1), pages 33-43.

    More about this item

    Keywords

    Global competitiveness (domestic/international); Latin-American economies; Developing countries; Emerging economies; Economic development;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecosys:v:40:y:2016:i:3:p:373-386. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://edirc.repec.org/data/osteide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.