Theoretical and Applied Economics
No. 4 / 2021 (629), Winter
Revealing the effects of competitiveness and innovation on economic growth: Evidence from European leading and following countries
University of East Sarajevo, Bosnia and Herzegovina
Abstract. This article deals with the indispensable factors determining the effects of competitiveness and innovation on economic growth by investigating the connection between crucial indicators. The competitiveness and innovation of the European leading and following countries are strongly connected to its economic growth. The aim of this article is to explore the significance of competitiveness and innovation in boosting economic growth per capita in selected European countries. In order to explore the effects among the factors of competitiveness and innovation on economic growth per capita, differsified methodological evaluation tools have been used. The data were collected from both primary and secondary sources. Comparative analysis of European leading and following countries was utilized by the statistical software package SPSS 25. The research results highlight the crucial competitiveness and innovation factors for prospected economic growth in selected economies. The corresponding measures bounded for economic growth are associated to the high composite indices of competitiveness and innovation achievement. Admission the diversities between relevant indicators and recognition of vulnerability is the base for the ensuing acknowledgement of appropriate economic performances for progress the demanding segments.
Contents
The pandemic crisis – A new factor to slow down the expansion of the Eurozone
Revealing the effects of competitiveness and innovation on economic growth: Evidence from European leading and following countries
Public service delivery dilemma and economic growth challenges in the MENA Region
Hidden Markov Model using transaction patterns for ATM card fraud detection
Productivity growth in Chinese cities: The agglomeration effect for cross-regional industrial structures
Time-varying volatility spillover of foreign exchange rate in three Asian markets: Based on DCC-GARCH approach
Non-linear effect of public debt on economic growth: The case of Tunisia
Application of single Sharpe index on the optimal portfolio construction using Indian blue-chip stocks
Budget policy, economic cycle and debt in the West African Economic and Monetary Union (WAEMU) countries: Empirical evidence based on a regime change model
The impact of government spending on the economic growth of a sample of developing countries using panel data
The evolution of consumer prices – the main brake on economic growth
Analysis of income inequalities in the pre-pandemic COVID-19 period