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Determinants of International Competiveness

Author

Listed:
  • Hojjat Mehdi

    (Professor of International Business and Finance, Neumann University, PA, USA.)

Abstract

International competitiveness is a main source of economic advancement which results in higher standards of living. This paper examines the determinants of international competitiveness as it defines international competitiveness and discusses two common conceptions that are required to achieve higher level of economic competitiveness: government policies and culture. It further explains a research methodology which is known as Innovation Matrix. Data is collected from two areas: competitiveness and culture. After describing two sets of data, the researcher tests two hypotheses: (1) long-term economic growth is a function of government policies and (2) culture plays an insignificant role in gaining competitiveness and economic growth. In conclusion, the paper makes recommendations as how a country can improve its economic competitiveness.

Suggested Citation

  • Hojjat Mehdi, 2014. "Determinants of International Competiveness," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 2(1), pages 20-26, February.
    • Handle: RePEc:lrc:lareco:v:2:y:2014:i:1:p:20-26
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    File URL: http://journalofeconomics.org/index.php/site/article/view/48/187
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    More about this item

    Keywords

    Culture and economy; Economic development; Global competitive index; Hofstede cultural dimension.;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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