Comparing National Competitive Performance: An Economic Analysis of World Economic Forum's Competitiveness Index
Developing country policy makers worry about national competitiveness and closely watch indices ranking international competitive performance. This paper analyzes from the development economics perspective if competitiveness is a legitimate policy concern, and if the leading indices deserve the attention they get. It assesses the best known index, from the World Economic Forum, and finds grave deficiencies. The WEF definitions are too broad, the approach biased, the methodology flawed and inconsistent, and many measures vague, redundant or wrongly calculated. It concludes that competitiveness indices have weak theoretical and empirical foundations and may be misleading for analytical and policy purposes.
|Date of creation:|
|Date of revision:|
|Contact details of provider:|| Postal: Queen Elizabeth House 3 Mansfield Road, Oxford, OX1 3TB United Kingdom|
Phone: +44 (1865) 281800
Fax: +44 (1865) 281801
Web page: http://www.qeh.ox.ac.uk/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nelson, Richard R. & Pack, Howard, 1998.
"The Asian miracle and modern growth theory,"
Policy Research Working Paper Series
1881, The World Bank.
- Felipe, J., 1997.
"Total Factor Productivity Growth in East Asia: A Critical Survey,"
65, Asian Development Bank.
- Jesus Felipe, 1999. "Total factor productivity growth in East Asia: A critical survey," Journal of Development Studies, Taylor & Francis Journals, vol. 35(4), pages 1-41.
- Jan Fagerberg, 1996.
"Technology and Competitiveness,"
Working Papers Archives
1996548, Centre for Technology, Innovation and Culture, University of Oslo.
- Scott Stern & Michael E. Porter & Jeffrey L. Furman, 2000. "The Determinants of National Innovative Capacity," NBER Working Papers 7876, National Bureau of Economic Research, Inc.
- Reinert, Erik S., 1994.
"Competitiveness and its predecessors - a 500-year cross-national perspective,"
48155, University Library of Munich, Germany.
- Reinert, Erik S., 1995. "Competitiveness and its predecessors--a 500-year cross-national perspective," Structural Change and Economic Dynamics, Elsevier, vol. 6(1), pages 23-42, March.
- Erik S. Reinert, . "Competitiveness and its predecessors - a 500-year cross-national perspective," STEP Report series 199403, The STEP Group, Studies in technology, innovation and economic policy.
- Pack, Howard & Westphal, Larry E., 1986. "Industrial strategy and technological change : Theory versus reality," Journal of Development Economics, Elsevier, vol. 22(1), pages 87-128, June.
- Redding, S., 1997.
"Dynamic Comparative Advantage and the Welfare Effects of Trade,"
140, Economics Group, Nuffield College, University of Oxford.
- Redding, Stephen, 1999. "Dynamic Comparative Advantage and the Welfare Effects of Trade," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 15-39, January.
- Stiglitz, Joseph E, 1996. "Some Lessons from the East Asian Miracle," World Bank Research Observer, World Bank Group, vol. 11(2), pages 151-77, August.
- Boltho, Andrea, 1996. "The Assessment: International Competitiveness," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 1-16, Autumn.
- Kenny, Charles & Williams, David, 2001. "What Do We Know About Economic Growth? Or, Why Don't We Know Very Much?," World Development, Elsevier, vol. 29(1), pages 1-22, January.
- Krugman, Paul R, 1996. "Making Sense of the Competitiveness Debate," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 17-25, Autumn.
- Venables, Anthony J., 1996. "Trade policy, cumulative causation, and industrial development," Journal of Development Economics, Elsevier, vol. 49(1), pages 179-197, April.
When requesting a correction, please mention this item's handle: RePEc:qeh:qehwps:qehwps61. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rachel Crawford)
If references are entirely missing, you can add them using this form.