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Measuring of National Competitiveness - Comparative Analysis of Visegrad Countries, Germany and Austria in Modified Porter's SD Model and 9F Model
[Měření národní konkurenceschopnosti - komparace výsledků zemí V4, Německa a Rakouska v Porterově SD modelu a 9F modelu]

Author

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  • Marta Nečadová

Abstract

The international competitiveness rankings can be seen as a way of evaluating countries' future economic potential and opportunities for further development and growth. The discussion of one clear definition of the term "national competitiveness" can be considered a "never-ending story" without an unambiguous generally accepted result. In every composite indicator analysis, the final index is the outcome of a number of choices: the framework (usually driven by theoretical models and experts' opinions), the indicators to be included, their normalisation, the weights assigned to each indicator, and the aggregation method. This paper is based on evaluating results of the Visegrad group countries (V4), Germany, and Austria. We take into account the sense and the methodology of Porter's Diamond model (SD model) and the Nine-factor model (9F model). The main aim of this paper is the identification of similarities and differences between these two models and the discussion of suitability of these models for countries with different economic characteristics.

Suggested Citation

  • Marta Nečadová, 2017. "Measuring of National Competitiveness - Comparative Analysis of Visegrad Countries, Germany and Austria in Modified Porter's SD Model and 9F Model [Měření národní konkurenceschopnosti - komparace v," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2017(2), pages 45-69.
  • Handle: RePEc:prg:jnlaop:v:2017:y:2017:i:2:id:574:p:45-69
    DOI: 10.18267/j.aop.574
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    References listed on IDEAS

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    1. Wolfgang Ochel & Oliver Röhn, 2006. "Ranking of Countries - The WEF, IMD, Fraser and Heritage Indices," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 4(2), pages 48-60, 07.
    2. 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.
    3. World Bank, 2016. "World Development Indicators 2016," World Bank Publications - Books, The World Bank Group, number 23969, December.
    4. Wolfgang Ochel & Oliver Roehn, 2006. "Ranking of Countries - The WEF, IMD, Fraser and Heritage Indices," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 4(02), pages 48-60, July.
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    More about this item

    Keywords

    composite indicators; national competitiveness; 9F model; SD model; V4 comparison;
    All these keywords.

    JEL classification:

    • E29 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Other
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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