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No. 3 / 2026 — Autumn

Peer-reviewed articles in economics, finance, public policy, and sustainable development.

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Theoretical and Applied Economics
No. 3 / 2022 (632), Autumn

Global Competitiveness Index 4.0 and export performances of the European economies

Alem MERDIĆ
Faculty of Economics, University of Zenica, BiH
Kadrija HODŽIĆ
Faculty of Economics, University of Tuzla, BiH

Abstract. The aim of this paper is to examine the impact of national competitiveness on export of goods and services of European economies. The paper looks at three groups of countries: the CEFTA, the European Union, and the European Monetary Union. Panel regression models are used to test the hypothesis: OLS, model of fixed and random effects. GCI 4.0 is used as an indicator of national competitiveness. The results show a positive and statistically significant impact of GCI 4.0 on the export of European economies collectively and of economies in the EU and EMU, while this impact is absent in CEFTA.

Keywords: Global Competitiveness Index 4.0 (GCI 4.0), export of goods and services, foreign trade, economic policy, European economies.

Contents

1

Financial development and public debt. Estimating the role of institutional quality

Qamar ABBAS · Muhammad RAMZAN · Sumbal FATIMA

2

An econometric approach to analyse the perceived cartel behaviour of OPEC

C.R. BISHNOI · Apeksha SHARMA

3

Global Competitiveness Index 4.0 and export performances of the European economies

Alem MERDIĆ · Kadrija HODŽIĆ

4

Multifractal analysis of equities. Evidence from the emerging and frontier banking sectors

Akash P. POOJARI · Siva Kiran GUPTHA · G Raghavender RAJU

5

Using automated systems to run a modern state and benchmarking the solution with advanced indicators

Dumitru Alexandru BODISLAV

6

Health expenditure, life expectancy, fertility rate, CO2 emissions and economic growth Do public, private and external health expenditure matter?

Mahmoud M. SABRA

7

The economic effects of working remotely: causes and implications

Silvia-Elena IACOB · Rareș-Mihai NIȚU · Radu-Alexandru BUDU

8

Cash conversion cycle and its relationship with profitability as a cash management tool in companies: An application on companies trading in Borsa Istanbul

Bilgehan TEKİN · Yusuf GÖR

9

Measuring financial inclusion and its present status in South Asian countries. Evidence from a multidimensional Financial Inclusion Index

Susanta Kumar SETHY · Phanindra GOYARI

10

Stock market linkages in Asia. Revisiting Granger causality evidences

T.G. SAJI

11

The effects of exchange rate changes on the bilateral trade balances between the MENA country group and France: empirical evidences based on non-linear ARDL approach

Hande Aksoz YILMAZ

12

Postmodernism and communication in education. European funds for combatting school dropout in Romania

Elvira Alexandra GHERASIM

13

Fiscal and monetary policy effects on economic growth in Romania (1990-2020)

Ismail AMANI · Brahim BOUYACOUB

14

Economic growth at the expense of technology

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15

Inflation seriously affects the standard of living of the population

Constantin ANGHELACHE · Mădălina-Gabriela ANGHEL · Stefan Virgil IACOB · Cristian Marius RĂDUT · Denis-Arthur STRIJEK