The Analysis of the Romanian Global Competitiveness International Ranking. The impact of the IEC Program

This study explores the impact of mandatory adoption of the International Financial Reporting Standards (IFRS) in developing countries on business leaders’ perceptions of the overall accounting and financial environment. The study employs survey data from the World Economic Forum’s Global Competitiveness Report to gauge business leaders’ perceptions of the accounting and financial environment. Eight countries across Latin America, Africa, and Asia comprise case studies, all of whom recently adopted mandatory IFRS use for publicly listed companies. Each survey variable is tracked over time, comparing pre and post IFRS adoption, vis-à-vis the same variable in a control country that did not adopt IFRS. IFRS adoption shows mostly positive impacts on the accounting environment in four cases. The impact of adoption in the other three countries is mostly insignificant. These results should encourage policymakers in developing countries to improve auditing and enforcement practices to increase the likelihood of positive results from IFRS adoption.

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Analysis of the Impact of Macroeconomic Stability on the Level of Global Competitiveness of Western Balkan Countries

Journal of Central Banking Theory and Practice ◽

10.2478/jcbtp-2021-0012 ◽

2021 ◽

Vol 10 (2) ◽

pp. 23-37

Author(s):

Nikola Milović ◽

Mijat Jocović ◽

Nikola Martinović

Keyword(s):

Strong Impact ◽

Group Company ◽

Global Competitiveness ◽

Complex Concept ◽

Balkan Countries ◽

Research Findings ◽

Global Competitiveness Index ◽

National Economies ◽

The Impact ◽

Macroeconomic Stability

Abstract Competitiveness, as a complex concept, can be observed in different ways, from the perspective of an individual, group, company and/or state. The subject of this paper deals with competitiveness of national economies observed through factor analysis, with a particular focus on the level of macroeconomic stability. Through the application of the Analytical-Hierarchical Process (AHP) method, special attention has been paid to the comparative ranking of Western Balkan countries. The ranking has been made in relation to macroeconomic stability and the positions of countries in the ranking of the World Economic Forum, based on the Global Competitiveness Index, for three defined periods of time. The paper identifies key factors that affect the competitiveness of Western Balkan countries. Research findings show that macroeconomic stability has a strong impact on the level of global competitiveness of national economies.

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Assessment of the universities impact on global competitiveness based on rankings

E3S Web of Conferences ◽

10.1051/e3sconf/202129608009 ◽

2021 ◽

Vol 296 ◽

pp. 08009

Author(s):

Inna N. Sannikova ◽

Eugenia A. Prikhodko ◽

Alisher A. Muhitdinov

Keyword(s):

Structural Transformation ◽

Transfer Of Knowledge ◽

Management Decisions ◽

Global Competitiveness ◽

Government Management ◽

The Impact

The paper analyzes the ranking positions of universities in leading countries in comparison with the most popular ratings of overall country and digital competitiveness. This analysis is carried out in order to understand whether there is a relationship between the aggregate high rating of universities with the same position of general and digital competitiveness. Conclusions based on the results of the analysis are important for studying the impact of universities on the development of territories, the pace of structural transformation of the analog economy into a digital one, and ensuring the transfer of knowledge. In addition, the comparison of the methods of rating formation allows us to understand its applicability for making strategic government management decisions.

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The Development and Transformation of the Bank Card Market as an Imperative for Digitalization: the Case of Central and Eastern European Countries

Comparative Economic Research ◽

10.18778/1508-2008.24.30 ◽

2021 ◽

Vol 24 (4) ◽

pp. 45-67

Author(s):

Olena Sobolieva-Tereshchenko ◽

Olesya Moyseyenko ◽

Valeriia Zharnikova

Keyword(s):

Banking Sector ◽

Digital Evolution ◽

Growth Trend ◽

Market Index ◽

Ranking Systems ◽

Payment Cards ◽

International Ranking ◽

Bank Card ◽

Eastern European Countries ◽

The Impact

The purpose of this study is to determine the development trends of the major determinants of the bank card market in eight countries of Central and Eastern Europe in the period from 2010 to 2019. Continuing a study carried out in 2018, further comparative analysis of the “Bank Cards Market Index” proposed earlier and based on a system of interrelated indicators of bank payment cards, ATMs and POS‑terminals, was carried out. We provide an overview of the rankings of Ukraine, Belarus, Moldova, Russia, Romania, Poland, Hungary, Slovakia using international ranking systems such as “The Legatum Prosperity Index,” “Doing Business,” “The Index of Economic Freedom,” and the “Вank Cards Market Index.” Further studies of three international ranking systems, as well as the “Bank Cards Market Index,” again confirmed the similarity of the development models of the bank card market in Poland and Ukraine. To study the impact of the digitalization of economics and Covid–19 on the bank card market, a deeper analysis of two cases (Poland and Ukraine, as two similar bank card markets) was carried out using the “Digital Evolution Index.” In the course of the research, it was concluded that the “Вank Cards Market Index” can be successfully used for further research of the banking sector of different countries. Also, the growth trend of cashless payments in the bank card market and the possible transformation of the market under the influence of Covid–19, and the global digitalization of economics were noticed. Taking into account the above trend, further studies of the system of interrelated indicators of bank payment cards, ATMs, and POS terminals should be carried out using the “Digital Evolution Index” or other international indexes that characterize the level of digitalization of the economy in the researched countries.

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Impact of Surplus Labor Existence on Land Lease Market in Rural Central Java

GATR Journal of Business and Economics Review ◽

10.35609/jber.2017.2.2(4) ◽

2017 ◽

Vol 2 (2) ◽

pp. 23-30

Author(s):

Ernoiz Antriyandarti ◽

Susi Wuri Ani

Keyword(s):

Rural Areas ◽

Jel Classification ◽

Farm Size ◽

Global Competitiveness ◽

Surplus Labor ◽

Central Java ◽

Self Sufficiency ◽

Job Opportunities ◽

The Government ◽

The Impact

Objective - The Indonesian rice sector seems to lose global competitiveness, and the government intervenes in the market to achieve food self-sufficiency. Particularly, in the main rice producing areas of Central Java, the rice sector does not have a comparative and competitive advantage due to small farm size. Then, we need to investigate the reasons why the farm sizes of rice producers are still small. Methodology/Technique - We hypothesize that the existence of surplus labor in rural areas restrains farm size enlargement. Therefore, we need to examine the existence of surplus labor in study area. By using the empirical model of the Cobb Douglas production function, we test the hypothesis of surplus labor. The estimation result shows that there is a surplus of labor in the study area. Findings - In addition, we examine the impact of surplus labor on land lease market in rural area. This study proves empirically that there is surplus labor in rural areas; therefore, farmers have difficulty finding job opportunities in sectors other than farming. In such a case, they prefer to cultivate rather than lease their land. Novelty - This result implies that the existence of surplus labor restricts the number of land lease contract. As a result, the land lease supply in the land lease market has become very limited. Thus, the existence of surplus labor in rural areas would be a constraint of farm size enlargement. This is the first study which explores the relationship between surplus labor and land lease market in the main rice producer area in Central Java. Type of Paper: Empirical Keywords: Impact; Existence; Surplus Labour; Land Lease Market; Farm Size Enlargement. JEL Classification: E24, H83.

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The Impact of Culture on University–Industry Knowledge Interaction in the Chinese MNC Context

Cultural Implications of Knowledge Sharing, Management and Transfer - Advances in Knowledge Acquisition, Transfer, and Management ◽

10.4018/978-1-60566-790-4.ch014 ◽

2010 ◽

pp. 295-320

Author(s):

Jianzhong Hong ◽

Johanna Heikkinen ◽

Mia Salila

Keyword(s):

Future Research ◽

Transfer Of Knowledge ◽

Global Competitiveness ◽

Work In Process ◽

Industry Collaboration ◽

The University ◽

Different Cultures ◽

The Impact ◽

Collaborative Knowledge ◽

University Industry

Recent studies on university–industry collaboration have paid a growing attention to complementary knowledge interaction, which is of crucial importance for networked learning and knowledge co-creation needed in today’s rapidly changing markets and for gaining global competitiveness. The existent studies concentrate on the transfer of knowledge from the university to the company, and the impact of culture is examined with a focus on fundamentally different cultures between two types of organizations (i.e., between universities and firms). The studies, however, remain highly fragmented in cultural exploration on one level, and are primarily concerned with one-way technology and knowledge transfer. Research on more interactive knowledge interaction (e.g., collaborative knowledge creation) and especially in the Chinese context is seriously lacking. This chapter explores university–industry knowledge interaction in a broad sense, focusing on the development of a conceptual view on the understanding and analysis of the cultural impact in the Chinese MNC context. The chapter is an early work in process and it is theoretical in nature. It clarifies and elaborates key concepts and perspectives, and suggests implications for future research and practice regarding effective knowledge co-creation involving dissimilar cultures.

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Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices

Sustainability ◽

10.3390/su11123365 ◽

2019 ◽

Vol 11 (12) ◽

pp. 3365 ◽

Cited By ~ 2

Author(s):

Dana Kiseľáková ◽

Beáta Šofranková ◽

Miroslav Gombár ◽

Veronika Čabinová ◽

Erika Onuferová

Keyword(s):

Human Resources ◽

Human Development ◽

Research Problem ◽

Business Environment ◽

Sustainable Growth ◽

Panel Analysis ◽

Global Competitiveness ◽

Global Competitiveness Index ◽

The Impact ◽

The Eu

In this paper, the following research problem was addressed: Is there a significant economic impact of multidimensional specified competitiveness within the EU (28) countries on the competitive business environment, human development, and sustainable growth? Based on the mentioned research problem, we formulated the aim of paper: To detect the significant interrelations among the assessment of global competitiveness, business environment as well as human development in the EU (28) countries for the period of 2006–2017. To address these problems, the methodology of global multi-criteria indices, namely the global competitiveness index (GCI), doing business index (DBI), and human development index (HDI), as well as panel analysis and non-linear regression analyses with ANOVA, were applied. The panel analysis results suggest that there is a direct linear relationship between the GCI and HDI. Moreover, the impact of the DBI on the change in the GCI score was not confirmed. We identified the main areas of countries’ interest, and important economic and statistical significant relations of competitiveness by creating three models: The GD model (constructed by GCI and DBI scores), GH model (GCI and HDI scores), and GDH model (GCI, DBI and HDI scores). Based on the results, all interrelations were confirmed. However, the highest extent of variability for the explanation of the selected data was recorded in the case of the GDH model (87.12%). We detected the impact of the business environment and human resources as competitive advantages on global macroeconomic competitiveness. As the business sector in EU (28) countries is represented mainly by small and medium-sized enterprises (SMEs), enterprise activities play a key role in the process of sustainable competitive economic development. Moreover, human resources are considered to be another important driver of the internationalization of European SMEs.

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Competitiveness and Economic Growth in the European Union

Journal of Advanced Research in Law and Economics ◽

10.14505//jarle.v8.8(30).11 ◽

2018 ◽

Vol 8 (8) ◽

pp. 2408

Author(s):

Natália ZAGORŠEKOVÁ ◽

Michaela ČIEFOVÁ ◽

Andrea ČAMBALÍKOVÁ

Keyword(s):

Economic Growth ◽

European Union ◽

Union Member ◽

National Level ◽

The European Union ◽

Member States ◽

Global Competitiveness ◽

Global Competitiveness Index ◽

The Impact ◽

European Union Member States

The paper focuses on competitiveness at the national level and on the impact of competitiveness on economic growth. We look at the relationship between competitiveness and economic growth based on the data from the European Union member states. The competitiveness of the economies is measured by the Global Competitiveness Index, which is published by the World Economic Forum. The European Union member states show significant differences in competitiveness. In the sample examined, the positive relationship between the level of competitiveness and economic growth was not confirmed.

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Improving the competitiveness of post-Soviet integrated national economies

Вопросы безопасности ◽

10.25136/2409-7543.2021.1.34474 ◽

2021 ◽

pp. 71-81

Author(s):

Valerii Leonidovich Abramov ◽

Natalya Vladimirovna Lapenkova

Keyword(s):

Regional Integration ◽

International Competitiveness ◽

Innovation Activity ◽

Member States ◽

Global Competitiveness ◽

Goods And Services ◽

Soviet Space ◽

National Economies ◽

The Impact ◽

Post Soviet Space

The subject of this research is the international competitiveness of post-Soviet national economies, within the framework of a new integration association in the post-Soviet space – the Eurasian Economic Union (EAEU). In the context of studying the competitiveness of the member-states of international regional integration associations, the authors analyze and conditionally divide the scientific and theoretical reserve of Russian and foreign scholars into several key vectors of research. The article formulates the approaches towards assessing the impact of integration processes upon the competitiveness of national economies of the EAEU member-states. For the analysis of competitiveness of the participant countries in the integration alliance, the authors applied the methodology of the Global Competitiveness Index of the World Economic Forum. The competitiveness of participant countries of the alliance was examined in accordance with the eight main criteria: the effectiveness of state institutions, infrastructure, the level of macroeconomic stability, development of financial markets, effectiveness of goods and services market, effectiveness of the job market, development of human capital, and assessment of innovation activity. The conclusion is made that all the countries participating in post-Soviet integration association indicate positive dynamics in their international competitiveness, although its level differs considerably. The approach towards assessing the impact of integration upon the competitiveness is formulated. It is noted that the achievement of higher level of competitiveness is impeded by macroeconomic instability of the national economies of post-Soviet space. Recommendations are given in the formation of their competitive advantages within the framework of the integration union.

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Assessing the impact of higher education competitiveness on the level of socio-economic development of a country

Problems and Perspectives in Management ◽

10.21511/ppm.19(2).2021.30 ◽

2021 ◽

Vol 19 (2) ◽

pp. 370-383

Author(s):

Yurii Chentukov ◽

Volodymyr Omelchenko ◽

Olha Zakharova ◽

Tamara Nikolenko

Keyword(s):

Higher Education ◽

Economic Development ◽

System Development ◽

Close Correlation ◽

Global Competitiveness ◽

Development Indicators ◽

Higher Education System ◽

Global Innovation ◽

Socio Economic Development ◽

The Impact

The study is devoted to the investigation of the educational determinants as components in shaping the level of socio-economic development of countries around the world, including assessment of the impact of national higher education system development indicators on the determinants of economic development, in particular macroeconomic, innovation, and technology determinants.Based on the grouping of 50 countries, a matrix of relationships between the Universitas 21 index and global competitiveness index was constructed. It is determined that despite the close correlation between the indices as a whole (0.96), there is a certain differentiation of influence in groups. The high impact of education on global competitiveness (0.76) was found in the group of countries with a medium level of competitiveness, moderate impact (0.54) – in the group of highly competitive countries, weak impact (0.38) – in the group of countries with a low level of competitiveness. Based on the correlation-regression analysis, the study proposes a structural-logical graph of the relationship between educational and economic indicators and quantifies it accordingly. The results show that the level of higher education competitiveness is closely correlated with such indicators as the level of global innovation development (0.8 over the period 2012-2020), the level of the knowledge intensity of GDP (0.73), and the level of socio-economic development (0.75). The results will allow changes in education indicators to be taken into account in the context of their impact on economic development and global development strategies.

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