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Comparison of the Visegrad group and Baltic countries in terms of multi-criteria competitiveness indicators

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  • Ružeková Viera

    (University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia)

  • Kašťáková Elena

    (University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia)

Abstract

Expanding globalization of the world economy has put a strong pressure on individual entities that operate in it. International competitiveness has become a major driving force of economic and social differentiation of the countries. Individual states and their public administrations have to create an effective business environment. This paper reflects these developments and, with the help of relevant multi-criteria (GCI, WCI, DBI) and single-criteria indexes of competitiveness, tries to assess the current state of competitiveness of two regions in Central and Eastern Europe – the Visegrad Four and Baltic Group states, which had a similar starting position on their path to building a market economy and integration into the EU structures.

Suggested Citation

  • Ružeková Viera & Kašťáková Elena, 2018. "Comparison of the Visegrad group and Baltic countries in terms of multi-criteria competitiveness indicators," Studia Commercialia Bratislavensia, Sciendo, vol. 11(39), pages 91-106, June.
    • Handle: RePEc:vrs:stcomb:v:11:y:2018:i:39:p:91-106:n:3
    DOI: 10.2478/stcb-2018-0007
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    References listed on IDEAS

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    3. Karl Aiginger, 2006. "Competitiveness: From a Dangerous Obsession to a Welfare Creating Ability with Positive Externalities," Journal of Industry, Competition and Trade, Springer, vol. 6(2), pages 161-177, June.
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    More about this item

    Keywords

    Competitiveness; comparative advantages; quantification of competitiveness; indicators of competitiveness GCI; WCI; DB; KAM; KEI; V4 countries; Baltic states;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F19 - International Economics - - Trade - - - Other
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F29 - International Economics - - International Factor Movements and International Business - - - Other

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