IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/91204.html
   My bibliography  Save this paper

Development Analysis of Global Competitiveness Index of ASEAN-7 Countries and Its Relationship on Gross Domestic Product

Author

Listed:
  • Nababan, Tongam Sihol

Abstract

The objectives of the research are: (1) to investigate the development of global competitiveness index (GCI) of ASEAN-7 countries as an illustration of economic performance and potentiality, (2) to investigate which factors or pillars are drivers for the improvement of GCI ASEAN-7 countries, and (3) to analyze the effect of Gross Domestic Product (GDP) on GCI of ASEAN-7 countries. The analysis method used in calculating the weight of the contribution of each pillar to changes in the competitiveness index, and determining the effect of GDP on GCI, a Semi-Logarithmic Regression analysis is used. The result shows that during the period of year 2008/2009 to the year of 2016/2017, the rank and index of GCI of each ASEAN-7 countries continue to increase. The pillars of the basic requirement subindex still dominate the largest contribution to the improvement of the competitiveness index for Indonesia, Philippines, Thailand, Cambodia, and Vietnam. As for Malaysia and Singapore sub-indexes of efficiency enhancers and innovation-sophistication have been able to give the largest contribution to the improvement of GCI. The GDP of ASEAN-7 countries has a positive and significant impact on the improvement of global competitiveness index, except for Thailand. The most problematic factors in improving the competitiveness index are corruption, inadequately educated labour, access to financing, tax regulations, and inefficient government bureaucracy.

Suggested Citation

  • Nababan, Tongam Sihol, 2019. "Development Analysis of Global Competitiveness Index of ASEAN-7 Countries and Its Relationship on Gross Domestic Product," MPRA Paper 91204, University Library of Munich, Germany, revised 14 Dec 2018.
    • Handle: RePEc:pra:mprapa:91204
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/91204/1/MPRA_paper_91204.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Aleksandra Kordalska & Magdalena Olczyk, 2016. "Global Competitiveness And Economic Growth: A One-Way Or Two-Way Relationship?," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(1), pages 121-142, March.
    2. Khee Giap Tan & Kong Yam Tan, 2014. "Assessing competitiveness of ASEAN-10 economies," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 8(4), pages 377-398.
    3. Nababan, Tongam Sihol, 2014. "Membangun Sustainable Entrepreneurship Untuk Meningkatkan Daya Saing Global (Building A Sustainable Entrepreneurship In Increasing Global Competitiveness) [Building A Sustainable Entrepreneurship I," MPRA Paper 65292, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    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. Beata Gavurova & Viera Ivankova & Martin Rigelsky & Ladislav Suhanyi, 2020. "Impact of Gender Inequalities in the Causes of Mortality on the Competitiveness of OECD Countries," IJERPH, MDPI, vol. 17(10), pages 1-17, May.
    2. Medeiros, Victor & Godoi, Lucas Gonçalves & Teixeira, Evandro Camargos, 2019. "Competitiveness and its determinants: a systemic analysis for developing countries," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    3. Muhammad Shahid Hassan & Samra Bukhari & Noman Arshed, 2020. "Competitiveness, governance and globalization: What matters for poverty alleviation?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 3491-3518, April.
    4. Asada, Raphael & Stern, Tobias, 2018. "Competitive Bioeconomy? Comparing Bio-based and Non-bio-based Primary Sectors of the World," Ecological Economics, Elsevier, vol. 149(C), pages 120-128.
    5. Jyotsna Joshi, 2021. "Competitiveness, Manufacturing and Infrastructure: The Asian Paradigm," Journal of Development Policy and Practice, , vol. 6(1), pages 78-107, January.
    6. Ramona Tiganasu & Gabriela Carmen Pascariu & Dan Lupu, 2022. "Competitiveness, fiscal policy and corruption: evidence from Central and Eastern European countries," Oeconomia Copernicana, Institute of Economic Research, vol. 13(3), pages 667-698, September.
    7. Elena Fifeková & Eduard Nežinský & Edita Nemcová, 2018. "Global Competitiveness of Europe: A Robust Assessment," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 4, pages 245-260, December.
    8. Aamir Hussain Siddiqu & Syed Ammad Ali & UsmanAzhar, 2020. "Global Competitiveness and Potential for Higher Exports," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 16(1), pages 17-29.
    9. Aamir Hussain Siddiqu & Syed Ammad Ali & UsmanAzhar, 2020. "Global Competitiveness and Potential for Higher Exports," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 16(1), pages 16-12.
    10. Dana Kiseľáková & Beáta Šofranková & Miroslav Gombár & Veronika Čabinová & Erika Onuferová, 2019. "Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices," Sustainability, MDPI, vol. 11(12), pages 1-25, June.
    11. Miguel-Ángel Galindo-Martín & María-Soledad Castaño-Martínez & María-Teresa Méndez-Picazo, 2023. "Digitalization, entrepreneurship and competitiveness: an analysis from 19 European countries," Review of Managerial Science, Springer, vol. 17(5), pages 1809-1826, July.

    More about this item

    Keywords

    GCI; GDP; basic requirement; efficiency enhancers; innovation; sophistication;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:91204. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.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.