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Explaining Competitiveness of OECD Countries by Instituional and Mixed Models

Author

Listed:
  • Akal , Mustafa

    (Sakarya University)

  • Kabasakal, Ali

    (Sakarya University)

  • Gokmenoglu, Seyit M.

    (Sakarya University)

Abstract

This study aims to explain competitiveness of OECD countries through developing institutional and mixed models. In these models, the data of 2007 are used to avoid the global crisis effects of 2008. As a result of predictions, instituional models developed with the indicators formed to show the institutional, political and socio-cultural structures of the countries by some organizations are found functional in explaining competetiveness of OECD. It is found that factors thought to have been defining the national competitiveness depending on institutional models explain WEF measures of OECD’s competitiveness along 47 % – 56 %, IMD meausures of OECDS’s competitiveness along 74% -84 %. Mixed models developed by including theoretical variables into instituional models are found explaining OECD’s competitivess around 63%-90%.

Suggested Citation

  • Akal , Mustafa & Kabasakal, Ali & Gokmenoglu, Seyit M., 2012. "Explaining Competitiveness of OECD Countries by Instituional and Mixed Models," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 3(1), pages 109-109, January.
    • Handle: RePEc:ris:buecrj:0077
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    More about this item

    Keywords

    Competitiveness; OECD; multiple regression; institutional models; mixed models;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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