Ranking Belarus on competitiveness and economic freedom

2019 ◽  
Vol 8 (2) ◽  
pp. 226-240
Author(s):  
Anthony Evans ◽  
Sierz Naurodski
Keyword(s):  
Economic Freedom ◽  
English Language ◽  
Primary Data ◽  
Content Type ◽  
Global Competitiveness ◽  
Current State ◽  
Economic Freedom Index ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Available Information

Purpose The purpose of this paper is to provide primary data so that Belarus can be incorporated into existing Global Performance Indicators (GPIs). Design/methodology/approach The authors conducted a survey following World Economic Forum (WEF) methods and combined our data with publicly available information. Findings The authors find that Belarus would have risen from 61st in the 2012/2013 Global Competitiveness Index to 55th in 2013/2014. The authors also estimate a position of 125th on the 2018 Economic Freedom Index. Research limitations/implications Many GPIs have flaws and the findings outline how they can be improved to gain more accurate views. Practical implications Policymakers can now make meaningful judgments around how competitive the Belarusian economy is, and the extent of economic freedom relative to its peers. Social implications Belarus has received sanctions on account of its policy environment and this paper sheds light on the current state of economic freedom. Originality/value The paper utilises primary data that has been previously unpublished in the English language.

Comparative study of Asian economies: lessons for India

2018 ◽  
Vol 9 (1) ◽  
pp. 2-20
Author(s):  
Mamta Bhardwaj ◽  
Ajit Singh Naosekpam ◽  
Rupinder Tewari
Keyword(s):  
South Korea ◽  
Comparative Study ◽  
Content Type ◽  
Global Competitiveness ◽  
Economic Progress ◽  
The World ◽  
Asian Economies ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Developed Nations

Purpose This paper represents a comparative study of five Asian countries, namely, Singapore, Taiwan, South Korea, China and India, based on the Global Competitiveness Index (GCI) 2015-2016 published by the World Economic Forum. The purpose of this study is to assess India’s position vis-a-vis the various comparator Asian economies and to identify areas for improvement so as to enhance India’s competitiveness. Design/methodology/approach The study is based on the comparisons and analysis of the ranks of each country. These ranks are based on the indicators related to three categories, i.e. “Basic Requirements”, “Efficiency Enhancers” and “Innovation and Sophistication” Factors. The GCI included data from internationally recognised agencies such as the IMF, the WHO and the United Nations Educational, Scientific and Cultural Organization. Findings On the basis of the aforementioned comparisons among these five Asian economies, it was found that Singapore (Rank-2) has made stupendous economic progress and is amongst the top five successful economies of the world. Taiwan, South Korea and China also have taken significant economic strides and are ranked globally at 15, 26 and 28, respectively. India, on the other hand, is ranked 55 out of 140 nations. Research limitations/implications In this paper, the countries were compared on the basis of their rank in the GCI Report 2015-2016. For an in-depth and more holistic study, comparison can be done by taking into consideration other important reports and analysis in this regard. Originality/value This is an original study where the developments that have taken place in the five Asian economies have been analysed based on the GCI. Most importantly, this study identifies the area/indicator in which India needs to improve to be placed among the developed nations.

Economic freedom and entrepreneurial activity

2012 ◽  
Vol 50 (9) ◽  
pp. 1686-1711 ◽  
Author(s):  
Juan Carlos Díaz‐Casero ◽  
D. Ángel Manuel Díaz‐Aunión ◽  
Mari Cruz Sánchez‐Escobedo ◽  
Alicia Coduras ◽  
Ricardo Hernández‐Mogollón
Keyword(s):  
Economic Development ◽  
Economic Freedom ◽  
Goodness Of Fit ◽  
Entrepreneurial Activity ◽  
Government Size ◽  
Content Type ◽  
Heritage Foundation ◽  
Global Competitiveness ◽  
Level Of Economic Development ◽  
Economic Freedom Index

PurposeThe purpose of this paper is to examine empirically whether economic freedom affects entrepreneurial activity in three groups of countries, classified according to economic development.Design/methodology/approachData on the index of entrepreneurial activity cover the period between 2002 and 2009, and are taken from the annual GEM (Global Entrepreneurship Monitor) reports and from the Index of Economic Freedom published by The Heritage Foundation from 1995 to 2009. The same analysis is carried out, grouping the countries by development level, following the classification included in the Global Competitiveness Report 2009‐2010. A Ridge regression analysis is performed to measure the model's goodness‐of‐fit and to determine equations that can be used for future predictions.FindingsThe results obtained in the correlation analysis show that economic freedom is closely related to entrepreneurial activity. The results suggest that TEA rates, opportunity‐TEA rates and necessity‐TEA rates decrease when there is an increase in economic freedom in a country, as just two of the areas analyzed – i.e. “government size” and “fiscal freedom” – appear to foster the emergence of new entrepreneurs. When countries are grouped by level of economic development, the results for countries belonging to the “Innovation‐Driven Economies” group show that the opportunity‐TEA rates increase as the economic freedom index grows.Originality/valueThe study indicates that entrepreneurship by opportunity increases in the group of Innovation‐Driven Economies with smaller “government size” and more “fiscal freedom”.

scholarly journals THE CURRENT STATE OF TRANSPORT INFRASTRUCTURE IN THE REPUBLIC OF KAZAKHSTAN

2021 ◽  
Author(s):  
Anar AITKALIYEVA ◽  
◽  
Alma GALIYEVA ◽  
Aygul TOXANOVA ◽  
◽  
...  
Keyword(s):  
Transport Infrastructure ◽  
Infrastructure Development ◽  
Allocation Of Resources ◽  
Global Competitiveness ◽  
Current State ◽  
The World ◽  
World Economic ◽  
Global Competitiveness Index ◽  
The Republic ◽  
Logistics Performance Index

The article discusses the development of transport infrastructure in the Republic of Kazakhstan. This topic is especially relevant to our country with the huge territory and irregular allocation of resources and population. The article analyzes the main indicators of transport infrastructure development, which made it possible to assess its current state. The state of infrastructure is also reflected to the international rankings of the country's competitiveness, so the authors analyzed the World Economic Forum's Global Competitiveness Index by the Infrastructure factor and the World Bank's Logistics Performance Index. Based on the PESTLE analysis, the key environmental factors influencing the functioning and development of the transport industry in Kazakhstan were identified. These facts indicate the need to further improve the policy of transport and infrastructure development of Kazakhstan and develop more effective mechanisms for its implementation.

An economic view of entrepreneurial intention

2020 ◽  
Vol 26 (8) ◽  
pp. 1807-1826
Author(s):  
Walid Adam Nakara ◽  
Rahma Laouiti ◽  
Roberto Chavez ◽  
Samiha Gharbi
Keyword(s):  
Economic Development ◽  
Longitudinal Data ◽  
Entrepreneurial Intention ◽  
Entrepreneurial Intentions ◽  
Content Type ◽  
Global Competitiveness ◽  
Level Of Economic Development ◽  
World Economic ◽  
Global Competitiveness Index

PurposeThe role of macrolevel factors in entrepreneurial intention remains as an underexplored issue in the literature. The purpose of this study is to reduce this gap by testing the effect of economic development on entrepreneurial intention.Design/methodology/approachThis study adopts a quantitative approach that formally tests for a quadratic relationship between economic development measured by the gross domestic product (GDP) and the Global Competitiveness Index (GCI)) and entrepreneurial intention based on longitudinal data covering 72 countries over the 2010–2016 period. Data are gathered from the Global Entrepreneurship Monitor (GEM), the International Monetary Fund (IMF) and the World Economic Forum (WEF).FindingsThe results reveal the existence of a U-shaped relationship between the country's GDP per capita and individuals' entrepreneurial intention. The results also support a similar relationship between GCI and entrepreneurial intention. These findings suggest that individuals' entrepreneurial intentions differ between countries depending on the level of economic development.Originality/valueTo the authors' knowledge, this article presents the first attempt to investigate the role of economic development on entrepreneurial intention based on longitudinal data covering a large sample of countries. Moreover, by providing evidence of a U-shaped relationship between economic progress and individuals' propensity to attempt an entrepreneurial career, this study enhances the understanding of the macrolevel determinants of entrepreneurial intention.

COMPETITIVE STATUS OF UKRAINE

2017 ◽  
Author(s):  
Olena Zayats ◽  
Keyword(s):  
National Economy ◽  
Financial System ◽  
Product Market ◽  
Global Competitiveness ◽  
Innovation Potential ◽  
Wide Range ◽  
Ict Adoption ◽  
World Economic ◽  
Global Competitiveness Index ◽  
One Year

The article examines the competitive status and competitive positions of Ukraine. It proves that in the current context the competitive status of the national economy is determined by the presence of a strong global competitive force that provides dynamic growth based on innovation potential, developed institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labor market, financial system, market size, business dynamism rather than by traditional factors (natural resources, geopolitical situation). It has been identified that a wide range of factors in global competitive force establishment suggests the complexity of its assessment. It has been noted that in world economic practice the Global Competitiveness Index of the World Economic Forum is predominantly used to assess the competitive status of the national economy. It has been determined that according to this index, in the overall ranking among 141 countries in 2019, Ukraine ranked 85th (2009-2010 – 82/133; 2018 – 83/140). The article analyzes of the competitive status of Ukraine in the international arena in terms of twelve pillars of the studied index and in the context of components of the said pillars. The dynamics of Ukraine's global competitive force in recent years shows that there has not been any build up. However, if one analyzes it in terms of the criteria of the global competitive force of the domestic economy, their assessment is volatile: the main regression can be traced in the sphere of the financial system, where Ukraine dropped by 19 positions in one year (2018 – 117/140, 2019 – 136/141), and the greatest progress is observed in the product market, where Ukraine rose by 16 positions in one year (2018 – 73/140, 2019 – 57/141). Analysis of the components of Ukraine’s global competitive force criteria shows that the worst positions in terms of such components are as follows: non-performing loans (% of gross total loans) – 139/141 and soundness of banks – 131/141. The best positions are in terms of the following components: costs of starting a business – 14/141 and attitude towards entrepreneurial risk – 18/141.

Does Enhancing of the Competitiveness Influence on Foreign Direct Investments in Western Balkan Countries?

2016 ◽  
Vol 1 (2) ◽  
pp. 164 ◽  
Author(s):  
Matea Zlatković
Keyword(s):  
Market Efficiency ◽  
Foreign Direct Investments ◽  
Global Competitiveness ◽  
Technological Readiness ◽  
Regional Market ◽  
National Competitiveness ◽  
Good Market ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Per Capita

Foreign direct investments present a valuable source of national competitiveness as they have attributes of capital flows provide knowledge and technology transfer from one country to target country. In this paper are used variables defined by World Economic Forum which construct Global Competitiveness Index for assessing competitiveness of the country. The purpose of the research is to examine does the national competitiveness increase enhance the level of FDI flows in transition Western Balkan economies that are not yet full members of European Union. The findings claim that larger increase in FDI per capita stocks in majority analyzed countries would have if making infrastructure more competitiveness, accelerate their technological readiness and improve innovation while certain countries should work on health and primary education and higher education and training. According to the results, there is no correlation between FDI flows and macroeconomic environment, institutions, development of financial markets, good market efficiency, labor market efficiency and business sophistication. Applying benchmark method, it is established the most competitive WB country as benchmark value for other transition countries in its neighborhood for enhancing their competitiveness, specially in the regional market. Also, it is obtained what if analysis to detect potential rise of FDI per capita stocks as a consequence of potential changes in some competitiveness variables. It is also calculated the potential increase in FDI/capita due to similar changes in different competitiveness variables.

Bribery: cost of doing business in Africa

2017 ◽  
Vol 24 (1) ◽  
pp. 56-64
Author(s):  
Adefolake Adeyeye
Keyword(s):  
Secondary Data ◽  
Primary Data ◽  
Special Focus ◽  
Journal Articles ◽  
Content Type ◽  
Doing Business ◽  
Recent Developments ◽  
Research Findings ◽  
Media Reports ◽  
Available Information

Purpose The purpose of this paper is to examine the implications of foreign bribery and perceptions that bribery is just a cost of doing business in Africa in light of recent reports and developments in the global attempt to curb bribery and corruption. Design/methodology/approach The research relied on primary data from anti-corruption legislation, surveys and monitoring reports and secondary data from publicly available information, journal articles and media reports to analyse recent developments in the fight against corruption with a special focus on Africa. Findings The research findings and analysis suggest that foreign bribery, which is illegal but largely carried out with impunity and perceived as a just a cost of doing business in Africa, has heavy costs on developing nations and on corporations and individuals that are prosecuted. Although much has been done to curb corruption, it seems active enforcement takes place in only a limited number of countries. There is still the need for enhanced enforcement by nations, increased societal awareness of effective measures against corruption and improved corporate compliance and responsibility. Originality/value The paper contributes practical insights into improvements and lapses in the fight against foreign bribery and corruption. Using recent and relevant analysis, the paper revisits the resilience of bribery and corruption in spite of increased anti-corruption actions and the need for multiple and varied measures. The information provided will be useful for governments, corporations and civil society in the fight against corruption, which requires constant multilateral action and examination.

System dynamics applications in performance measurement research

2020 ◽  
Vol 69 (7) ◽  
pp. 1541-1578 ◽  
Author(s):  
Olufunke Olufunmi Oladimeji ◽  
Heather Keathley-Herring ◽  
Jennifer A. Cross
Keyword(s):  
Literature Review ◽  
System Dynamics ◽  
Performance Measurement ◽  
Bibliometric Analysis ◽  
English Language ◽  
Early Stage ◽  
Research Area ◽  
Content Type ◽  
Stage Of Development ◽  
Current State

PurposeThis study investigates system dynamics (SD) applications in performance measurement (PM) research and practice. A bibliometric analysis was conducted to investigate the maturity of this research area and identify opportunities for development.Design/methodology/approachA systematic literature review (SLR) was conducted to provide a comprehensive and rigorous review of the existing literature. The search was conducted on 10 platforms identifying 97 publications, which were evaluated using bibliometric analysis.FindingsThe analysis revealed that applications of SD are most commonly used in the PM system design phase to model organisational performance. In addition, the bibliometric results showed a highly dispersed author set, with most studies using exploratory methods, suggesting that the research is in a relatively early stage of development. The results also showed that over 50 per cent of the causal models were not validated, emphasizing an important methodological gap in this research area.Research limitations/implicationsThis SLR is limited to indexed publications on 10 platforms, the search strategy was relatively precise and only available papers in English language were used for the literature review.Practical implicationsPM systems supported by SD can help managers understand and improve organisational behaviours by addressing dynamic complexities and relationship between variables. This study evaluates the maturity of this research area including information about the current development of this area and opportunities to build on existing knowledge.Originality/valueThis study identifies how SD approaches are applied to PM and highlights areas that require further research consideration. This paper is the first of two publications to result from this study and focuses on evaluating the current state of this research area.

scholarly journals Influence of economic freedom and its subcomponents on risk-taking behavior

2019 ◽  
Vol 12 (4) ◽  
pp. 335-356 ◽  
Author(s):  
Rafik Harkati ◽  
Syed Musa Alhabshi ◽  
Salina Kassim
Keyword(s):  
Risk Taking ◽  
Economic Freedom ◽  
Banking Sector ◽  
Banking System ◽  
Islamic Banks ◽  
Content Type ◽  
Economic Freedom Index ◽  
Risk Taking Behavior ◽  
The Government ◽  
Conventional Banks

Purpose The purpose of this paper is to investigate the influence of economic freedom and six relevant subcomponents of it on the risk-taking behavior of banks in the Malaysian dual banking system. It also aims to make a comparative analysis between Islamic and conventional banks operating in this dual banking sector. Moreover, the study is an effort to enrich the existing literature by presenting empirical evidence on the argument that the risk-taking behavior of the two types of banks is indistinguishable given that they operate in the same regulatory environment. Design/methodology/approach Secondary data of all banks operating in the Malaysian banking sector are collected from FitchConnect database, in addition to the economic freedom index from Foundation Heritage for the period 2011–2017. Generalized least squares technique is employed to estimate the influence of economic freedom and the six relevant subcomponents of it on the risk-taking behavior of banks. Findings The level of economic freedom influenced risk-taking behavior within the banking sector as a whole, conventional and Islamic banking sectors negatively during the study period (2011–2017). Risk-taking behavior of conventional and Islamic banks is similar. However, conventional banks turn to be less influenced by economic freedom level as compared to Islamic banks. Practical implications The government and regulators may benefit from the results by rethinking and setting the best economic freedom index that better serves the stability of the banking system, and lessens banks’ risk-taking inclination. Originality/value To the present time, this paper is thought to be of a significant contribution. Given the argument that Islamic and conventional banks behave in the same way. This is one of the first attempts to address this issue in light of the influence of economic freedom and six subcomponents of it on the risk-taking behavior of banks operating in a dual banking system.

Sign in / Sign up

Export Citation Format

Share Document