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National Competitiveness through the Europe 2020 Strategy and Human Development Index in CEE Countries. A Panel Data Analysis

Author

Listed:
  • Ana Maria TALMACIU (BANU)

    (West University of Timisoara, Romania)

  • Laura Mariana CISMAS

    (West University of Timisoara, Romania)

Abstract

In the new innovation economy, national competitiveness is an expression of the quality of the human capital and of the capacity to attract and retain the talent. In this paper, we propose to verify the link between the national competitiveness and the human capital, measured by the public expenditure on tertiary education and by the public expenditure on research and development. The analysis is performed on countries from Central and Eastern European Union for the period 2010-2014. The results show a significant and a positive relation, indicating that investment in education and research contributes significantly to increasing the national competitiveness. In the second part of the paper, we tested the human capital influence on the national competitiveness, through the Europe 2020 Report 2014, The Human Development Index 2015, the Global Competitiveness Report 2016, and the results reconfirmed the initial hypothesis.

Suggested Citation

  • Ana Maria TALMACIU (BANU) & Laura Mariana CISMAS, 2016. "National Competitiveness through the Europe 2020 Strategy and Human Development Index in CEE Countries. A Panel Data Analysis," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 9(2), pages 115-128, December.
    • Handle: RePEc:wun:timjeb:tjeb:v09:y2016:i02:a03
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    Citations

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    Cited by:

    1. Magdalena Radulescu & Aleksandra Fedajev & Crenguta Ileana Sinisi & Constanta Popescu & Silvia Elena Iacob, 2018. "Europe 2020 Implementation as Driver of Economic Performance and Competitiveness. Panel Analysis of CEE Countries," Sustainability, MDPI, vol. 10(2), pages 1-20, February.
    2. Ewa Roszkowska & Marzena Filipowicz-Chomko, 2021. "Measuring Sustainable Development Using an Extended Hellwig Method: A Case Study of Education," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(1), pages 299-322, January.

    More about this item

    Keywords

    Competitiveness; Human capital; Education; Panel data analysis.;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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