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Classification Of European Union Countries According To National Competitiveness And Sovereign Debt Levels

Author

Listed:
  • MIHAIU Diana

    (Lucian Blaga University of Sibiu)

  • OPREANA Alin

    (Lucian Blaga University of Sibiu)

Abstract

National competitiveness is defined by World Economic Forum as "the set of institutions, policies, and factors that determine the level of productivity of a country". Therefore, the competitiveness of the European Union member states will be analyzed in the context of the governments' economic policies implemented in the previous period that had as main effects an increased public debt and an exposure of European Union to sovereign debt crisis. This paper attempts to examine how public debt takes its toll on the competitiveness of the EU member countries. So, the researchers will explore the strength of the connection between the percentage of public debt in GDP and the national competitiveness, aiming to a further segmentation of the European Union member countries according to the results.

Suggested Citation

  • MIHAIU Diana & OPREANA Alin, 2013. "Classification Of European Union Countries According To National Competitiveness And Sovereign Debt Levels," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 65(2), pages 43-54.
    • Handle: RePEc:blg:reveco:v:65:y:2013:i:2:p:43-54
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/65204mihaiu&opreana.pdf
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    References listed on IDEAS

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    1. Cho, Dong-Sung & Moon, Hwy-Chang & Kim, Min-Young, 2008. "Characterizing international competitiveness in international business research: A MASI approach to national competitiveness," Research in International Business and Finance, Elsevier, vol. 22(2), pages 175-192, June.
    2. 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.
    3. Claudia OGREAN, 2010. "National Competitiveness Between Concept And Reality. Some Insights For Romania," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 49(1-2), pages 59-72, April.
    4. Silvia Marginean, 2006. "Competitiveness: From Microeconomic Foundations To National Determinants," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 1(1), pages 29-35, October.
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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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