IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01860140.html
   My bibliography  Save this paper

Quantitative analysis of the competitiveness of Benelux countries

Author

Listed:
  • Antonín Korauš

    (Pan-European University)

  • Michal Mazák

    (Pan-European University)

  • Ján Dobrovič

    (University of Prešov)

Abstract

Economic competitiveness is not only a microeconomic problem for business management. It is also an important indicator of comparison among the economic development, advancement and sustainability of respective countries. The investigation of macroeconomic competitiveness of individual states is at the forefront of the discourse of both macroeconomic experts and politicians. In this study we focus on the economic competitiveness of the BENELUX countries, that is Belgium, the Netherlands and Luxemburg. The objective of the article is to identify the position of the BENELUX countries as an economic union with respect to global economy and the potential for the growth and sustainability of BENELUX economic competitiveness. The first part of the article addresses the theoretical principles of the given problematic, delineates competitiveness within its economic determinants and positions a discussion with specific focus on the BENELUX countries. The article also addresses the cooperation within the union of these states in terms of sustainability of competitiveness. The empirical part of the article analyses the competitiveness of the chosen states using standard macroeconomic methods. Three indices were utilised in the analysis, the Global Competitiveness Index (GCI), the ʻDoing Business' index created by the World Bank, and the Economic Freedom Index (EFI). We have also subjected the selected indicators to a correlational analysis, the aim of which was to identify possible correlations between the chosen competitiveness index and a chosen parameter. The results of the analysis reveal the current economic position of the BENELUX countries, and outline the economic opportunities and threats to further development.

Suggested Citation

  • Antonín Korauš & Michal Mazák & Ján Dobrovič, 2018. "Quantitative analysis of the competitiveness of Benelux countries," Post-Print hal-01860140, HAL.
    • Handle: RePEc:hal:journl:hal-01860140
    DOI: 10.9770/jesi.2018.5.4(26)
    Note: View the original document on HAL open archive server: https://hal.science/hal-01860140
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01860140/document
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2018.5.4(26)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lela Tijanic & Alka Obadic, 2015. "Regional Competitiveness Of The European Union," Economy of eastern Croatia yesterday, today, tommorow, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 4, pages 768-777.
    2. Alena V. Fomina & Oksana N. Berduygina & Alexander A. Shatsky, 2018. "Industrial cooperation and its influence on sustainable economic growth," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(3), pages 467-479, March.
    3. Alena V. Fomina & Oksana N. Berduygina & Alexander A. Shatsky, 2018. "Industrial cooperation and its influence on sustainable economic growth," Post-Print hal-01773578, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alena Andrejovska, 2019. "Effective Tax Rate in the Context of the Economic Determinants," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(2), pages 31-40.
    2. Jolanta Sabaitytė & Vida Davidavičienė & Gerard Frederick Van Kleef, 2020. "The Peculiarities of Low-Cost Carrier Development in Europe," Energies, MDPI, vol. 13(3), pages 1-19, February.
    3. Olga Lingaitienė & Juozas Merkevičius & Vida Davidavičienė, 2021. "The Model of Vehicle and Route Selection for Energy Saving," Sustainability, MDPI, vol. 13(8), pages 1-20, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Antonín Korauš & Michal Mazák & Ján Dobrovič, 2018. "Quantitative analysis of the competitiveness of Benelux countries," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(4), pages 1069-1083, June.
    2. Jindamas Sutthichaimethee & Kuskana Kubaha, 2018. "The Relationship of Causal Factors Affecting the Future Equilibrium Change of Total Final Energy Consumption in Thailand’s Construction Sector under a Sustainable Development Goal: Enriching the SE-VA," Resources, MDPI, vol. 8(1), pages 1-18, December.
    3. Weiwei Liu & Jianing Yang, 2018. "The Evolutionary Game Theoretic Analysis for Sustainable Cooperation Relationship of Collaborative Innovation Network in Strategic Emerging Industries," Sustainability, MDPI, vol. 10(12), pages 1-16, December.
    4. Anna VORONTSOVA & Tetiana VASYLIEVA. & Yuriy BILAN & Grzegorz OSTASZ & Tetyana MAYBORODA, 2020. "The Influence Of State Regulation Of Education For Achieving The Sustainable Development Goals: Case Study Of Central And Eastern European Countries," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(34), pages 6-26, June.
    5. Katarína Havierniková & Marcel Kordoš, 2019. "Selected risks perceived by SMEs related to sustainable entrepreneurship in case of engagement into cluster cooperation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1680-1693, June.
    6. Elena Oleinik & Alyona Zakharova, 2019. "City: economic growth and social attractiveness issues," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 454-470, September.
    7. O. Karasev & A. Beloshitsky & S. Trostyansky & A. Krivtsova & V.N. Valerievna, 2018. "Development of National Innovation Systems in Developed Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 701-712.
    8. Gefu Liang & Dajia Yu & Lifei Ke, 2021. "An Empirical Study on Dynamic Evolution of Industrial Structure and Green Economic Growth—Based on Data from China’s Underdeveloped Areas," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    9. Veronika Yu. Chernova & Veronika Yu. Chernova & Alexander M. Zobov & Ekaterina A. Degtereva & Vasily S. Starostin & Inna V. Andronova, 2020. "Sustainable economy: evaluation of food self-sufficiency in Russia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1541-1554, March.
    10. Piotr Trąpczyński & Łukasz Puślecki & Michał Staszków, 2018. "Determinants of Innovation Cooperation Performance: What Do We Know and What Should We Know?," Sustainability, MDPI, vol. 10(12), pages 1-32, November.
    11. Wenjian Li & Yang Zhang & Yuanyuan Wu & Xue Han & Benhai Guo & Gang Xie, 2021. "Enterprise Reciprocity and Risk Preferences and the Sustainable Cooperation of Innovation Activities in Industrial Parks," Sustainability, MDPI, vol. 13(17), pages 1-22, August.

    More about this item

    Keywords

    economic competitiveness; national economy; economic union; BENELUX countries; economic competitiveness index;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01860140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.