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European Union’S Competitiveness In Terms Of Country Risk And Fiscal Discipline

Author

Listed:
  • MIHAIU Diana

    (Lucian Blaga University of Sibiu, Romania)

  • OPREANA Alin

    (Lucian Blaga University of Sibiu, Romania)

Abstract

Underneath the umbrella of national competitiveness there are microeconomic and macroeconomic factors, but the recovery and the revival of a state competitiveness must be based on a strategy developed and coordinated centrally and implemented in strategic areas of the economy. In this respect, this paper aims to analyze the situation of European Union’s competitiveness in terms of country risk and fiscal and budgetary discipline of the Member States, based on empirical data. Therefore, this study’s analysis includes the following two steps: first, a segmentation of the European Union by determining distinct groups of countries according to national competitiveness (GCI), public debt (PD) and budget equilibrium (BD); and second, a factor analysis performed on the resulted clusters of countries based on GCI, PD, BD and CDS (credit default swap).

Suggested Citation

  • MIHAIU Diana & OPREANA Alin, 2012. "European Union’S Competitiveness In Terms Of Country Risk And Fiscal Discipline," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 7(1), pages 126-137, April.
  • Handle: RePEc:blg:journl:v:7:y:2012:i:1:p:126-137
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/7113mihaiu&opreana.pdf
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    References listed on IDEAS

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    1. Husain, Zakir & Dutta, Mousumi & Ghosh, Sriparna, 2011. "Contraceptive use among illiterate women in India: does proximate illiteracy matter?," MPRA Paper 30790, University Library of Munich, Germany.
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