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Institutions, institutional quality, and international competitiveness: Review and examination of future research directions

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  • Buitrago R., Ricardo E.
  • Barbosa Camargo, María Inés

Abstract

The importance of institutions has become more relevant analytically in recent years, emphasizing the significance of an appropriate institutional framework for international competition. This paper aims to identify the link between institutions, institutional quality, and international competitiveness. Following the TCCM (Theory, Context, Characteristics, and Methodology) framework analysis, proposed by Paul & Rosado-Serrano (2019), we conducted a systematic literature review of top tier journals during the period 2000–2020. This review unfolds the theoretical and empirical studies regarding institutions, institutional quality, and international competitiveness. Main findings reveal five widely studied, three emerging and two understudied theories, the most studied contexts are country and firm, and quantitative studies are the main method of analysis. This review incorporates the acumen of previous research and provides a future research agenda in understudied contexts like industrial and individual level by applying emerging theoretical approaches and integrative analytical methodologies.

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  • Buitrago R., Ricardo E. & Barbosa Camargo, María Inés, 2021. "Institutions, institutional quality, and international competitiveness: Review and examination of future research directions," Journal of Business Research, Elsevier, vol. 128(C), pages 423-435.
    • Handle: RePEc:eee:jbrese:v:128:y:2021:i:c:p:423-435
    DOI: 10.1016/j.jbusres.2021.02.024
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    2. Honorata Nyga-Łukaszewska & Tomasz M. Napiórkowski, 2022. "Does Energy Demand Security Affect International Competitiveness? Case of Selected Energy-Exporting OECD Countries," Energies, MDPI, vol. 15(6), pages 1-19, March.
    3. 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.
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    5. Mohammad, Shoeb & Husted, Bryan, 2023. "Skilled workforces and Law-abiding organizational climates in emerging markets," Journal of Business Research, Elsevier, vol. 158(C).
    6. Chang, Erick P.C. & Zare, Sina & Ramadani, Veland, 2022. "How a larger family business is different from a non-family one?," Journal of Business Research, Elsevier, vol. 139(C), pages 292-302.

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