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Comparative Analysis Based on New Competitiveness Index

Author

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  • Nebojša Savić

    () ( Faculty of Economics, Finance and Administration – FEFA, Serbia)

Abstract

The current economic crisis points out to an even greater need to improve competitiveness. Since 2005, numerous developing countries have succeeded in increasing their competitiveness scores and decreasing the difference relative to advanced countries. The countries of Central and South Eastern Europe, to which Serbia belongs, have recorded an increase in their score by 0.3 on average, whereby the region of South Eastern Europe has achieved poorer results. During the period 2005-2011, Serbia recorded an increase in its score by 0.5, from 3.38 to 3.88. In 2011, Serbia was ranked 95th among 142 countries, with the score of 3.88. This is a decline relative to 2008 and 2005, when Serbia was ranked 85th with the scores of 3.38 and 3.90 respectively. However, this increase was not sufficient to improve Serbia’s ranking, which shows that other countries were more successful. This faces Serbia with the task to strengthen its efforts towards improving competitiveness.

Suggested Citation

  • Nebojša Savić, 2012. "Comparative Analysis Based on New Competitiveness Index," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(1), pages 105-115, March.
  • Handle: RePEc:voj:journl:v:59:y:2012:i:1:p:105-115
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    File URL: http://www.panoeconomicus.rs/casopis/2012_1/06%20Nebojsa%20Savic.pdf
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    References listed on IDEAS

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    1. Mikael Lindahl & Alan B. Krueger, 2001. "Education for Growth: Why and for Whom?," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
    2. Antonio Ciccone & Elias Papaioannou, 2007. "Red Tape and Delayed Entry," Journal of the European Economic Association, MIT Press, vol. 5(2-3), pages 444-458, 04-05.
    3. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    4. Lewis, William W., 2004. "The Power of Productivity," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226476766, April.
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    Cited by:

    1. Galina Gagarina & Nikita Moiseev & Alla Ryzhakova & Gleb Ryzhakov, 2016. "Estimation And Forecast Of Regional Competitiveness Level," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1040-1049.
    2. repec:rom:bemann:v:7:y:2017:i:2:p:13-26 is not listed on IDEAS

    More about this item

    Keywords

    Competitiveness; Porter’s diamond; Productivity; Serbia;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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