Analyzing changes in international competitiveness position of Visegrad Group vis-a-vis EU-15 after the crisis 2007 as measured by RCA Index
Journal Title: Central European Review of Economics and Finance - Year 2016, Vol 13, Issue 3
Abstract
The aim of this paper is to find out whether financial crisis of 2007-8 has changed the Visegrad Group - V-4 competitiveness position vis-a-vis EU-15. As we know the countries of Central Eastern Europe forming the so called Visegrad group - namely Poland, The Czech republic, Slovakia and Hungary - being since 2004 a new UE members, have been hit by the financial crisis of 2007 to some extend just as well as the old EU or EU-15 member states. In this paper we would like to investigate and compare how strongly the financial crisis have impacted the two set of countries or the two groups of EU members - old and new, when measured by their respective macroeconomic performance indicators of competitiveness as well as by the RCA indicators of international competitiveness position and trends in it since that time. By the changes in competitiveness position on macro level we understand changes in "magic quadrangle" indicators such as: GDP growth changes, changes in inflation, in unemployment and changes in balances of current accounts. By the RCA positive changes or improvements we understand a growing number of goods or group of goods which contain a high innovative input measured in turn, by high R&D expenditures share in the final value of the exported goods.(original abstract)
Authors and Affiliations
Wojciech Bieńkowski, Oleksandra Stoykowa
Keywords
Related Articles
- EP ID EP214052
- DOI -
- Views 105
- Downloads 0
Changes in Global Research and Development: Decentralisation or a New Concentration?
Since the 1990s, the highly concentrated field of global research and development (R&D) has been undergoing a series of changes, which many scholars interpret as a shift toward increased decentralization. A dynamic rise...
The pros and cons of the Economic Partnership Agreement (EPA) for the Southern African Development Community (SADC) in the context of Member States’ trade relations with the European Union (EU)
The article aims to present the benefits and costs for the SADC member countries of the conclusion of EPA and of the implementation of trade liberalisation thereunder, in the light of their trade relations with the Europ...
Classifying Customers According to NPS Index: Cluster Analysis for Contact Center Services
The purpose of the study was to discover if, according to the assessment of contact center services quality: (1) customers using contact center services can be grouped into few homogenous items (clusters), (2) if the ide...
Characteristics of Sustainable Bioeconomy in the Cee Macro-Region
In the coming decades to achieve further progress in sustainable growth of agriculture, aquaculture, forestry and food industry in the CEE countries there is a need to face specific challenges through the lens of bioecon...
Financialisation phenomenon from the perspective of the regulation school
Within heterodox trend, since 1970s the French Regulation School has been conducting a research program that emphasises the importance of emergence and adjustment of institutions in the process of regulation of capitalis...