Competitiveness and Economic Growth in the European Union

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.

scholarly journals GLOBAL COMPETITIVENESS OF THE EUROPEAN UNION MEMBER STATES: EVOLUTION AND PERSPECTIVES

2015 ◽  
Author(s):  
Mihaela Brindusa Tudose ◽  
Valentina Diana Rusu
Keyword(s):  
European Union ◽  
Union Member ◽  
Negative Impact ◽  
Favorable Effect ◽  
The European Union ◽  
Member States ◽  
Global Competitiveness ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
European Union Member States

Our paper is analyzing the theoretical and empirical research in the field of competitiveness and it presents the methodology of determining the global competitiveness index. Also, our paper is analyzing the evolution of the global competitiveness index in the Member States of the European Union, in the last years. The results obtained show that more than half of European Union Member States recorded an increase in the global competitiveness index on the account of the basic influence factors. With the exception of six countries (Bulgaria, Cyprus, Croatia, France, Italy, Malta), the European Union countries show a favorable influence of the efficiency on the index of global competitiveness. The highest contribution of the efficiency on the increase of global competitiveness is recorded in Portugal, Romania, Latvia, Lithuania and Bulgaria; on the opposite side is Malta, Cyprus and Germany. Regarding the influence of innovation, only three countries have recorded a negative impact of the innovation on the global competitiveness index: Finland, Spain and Austria. On the other hand Romania, Cyprus and Portugal show the highest favorable effect of innovation on the competitiveness.

scholarly journals THE IMPACT OF TAX SYSTEM ON GLOBAL COMPETITIVENESS. ANALYSIS ON THE LEVEL OF EUROPEAN UNION MEMBER STATES

2015 ◽  
Author(s):  
Brandusa Tudose ◽  
Constantin Strapuc
Keyword(s):  
European Union ◽  
Union Member ◽  
The European Union ◽  
Tax System ◽  
Member States ◽  
Tax Rate ◽  
Global Competitiveness ◽  
Taxation System ◽  
The Impact ◽  
European Union Member States

Summarizing the results of theoretical and empirical research, the paper aims to analyze the impact of tax system on global competitiveness through the following three variables: taxation on incentives to invest; total tax rate and taxation on incentives to work. Summarizing the analysis to the European Union member states, the paper presents rankings and provides interpretations for each case. Luxembourg is the country where there is registered: a) the biggest impact on competitiveness of tax policies supporting investment, b) the largest fiscal affordability (measured by GDP/capita and total tax rate) and c) the most generous labor taxation system in the EU. However, in the ranking realized based on the global competitiveness index Luxembourg ranks on the 22nd place, on the first place being Finland.

scholarly journals Financial centres' competitiveness and economic convergence: Evidence from the European Union regions

2017 ◽  
Vol 50 (1) ◽  
pp. 133-156 ◽  
Author(s):  
Marta Degl'Innocenti ◽  
Roman Matousek ◽  
Nickolaos G Tzeremes
Keyword(s):  
European Union ◽  
Union Member ◽  
Global Financial Crisis ◽  
National Level ◽  
Business Environment ◽  
Economic Convergence ◽  
Regional Economic ◽  
Member States ◽  
The Impact ◽  
European Union Member States

This study analyses the gaps in financial centres' competitiveness and their impact on regional economic convergence in 23 European Union Member States during the period of the Global Financial Crisis. In particular, we explore the economic convergence and divergence patterns among regions from two different perspectives across the selected European Union Member States and within each country. From a methodological viewpoint, we apply a fully non-parametric framework to the club convergence model and address the endogeneity problem between financial centres' competitiveness and regional economic convergence. Our results show that the large and internationally-oriented financial centres experienced a diverging trend in terms of the competitiveness of financial centres' business environment during the peak of the crisis. We also find evidence that the convergence of financial centres reduces regional economic inequalities between the regions where financial centres are located. In contrast, the increase in the competitiveness of financial centres only serves to widen existing inequalities at the national level. Finally, we examine and discuss the impact of competitiveness drivers of financial centres on the convergence pattern of European Union regions.

scholarly journals Assessing the Impact of Clean Energy on Sustainable Economic Growth in European Union Member States

2021 ◽  
Vol 55 (4/2021) ◽  
pp. 183-197
Author(s):  
GOGU EMILIA ◽  
RADU CATALINA ◽  
DEACONU ALECXANDRINA ◽  
FRASINEANU CORINA ◽  
TRICULESCU MONICA ◽  
...  
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Union Member ◽  
Clean Energy ◽  
Member States ◽  
Sustainable Economic Growth ◽  
The Impact ◽  
European Union Member States

scholarly journals Foreign Direct Investment in the New European Union Member States and Developing Countries of Asia under Conditions of the Global Financial and Economic Crisis: Comparative Aspects

2009 ◽  
Vol 12 (4) ◽  
pp. 133-153
Author(s):  
Janina Witkowska
Keyword(s):  
European Union ◽  
Developing Countries ◽  
Union Member ◽  
The European Union ◽  
Global Crisis ◽  
Member States ◽  
The Individual ◽  
The Impact ◽  
European Union Member States ◽  
Made In

The objective of this article is a comparative analysis of the changing position of new European Union member states and the developing countries of Asia in global and regional FDI flows as well as an assessment of the impact of the global crisis on the position of these regions and selected countries in terms of FDI. The analysis encompasses European Union member states that received membership as a part of the enlargement of 2004 and 2007 as well as the developing sub–regions of Asia—i.e. East, South-East, and South Asia. The conducted analysis demonstrates that the position of the developing countries of Asia is significantly stronger than that of the new European Union member states, which is mainly determined by the scale of the economies of countries such as China and India. Subject to conditions of global crisis, Asia and Oceania as a whole noted growth in the inflow of FDI in 2008 by almost 17%, where the European Union member states saw a 2% fall. The situation inside the analyzed regions is extremely varied in terms of noticeable effects of the crisis in the FDI sphere. It is dependent on not only processes of economic growth, but also on the character of investments made in the individual countries and sub– regions as well as motives behind the actions of investors.

scholarly journals Changes in tax structures in European Union Member States

2015 ◽  
Vol 37 (s1) ◽  
pp. 137-155
Author(s):  
Vera Takács ◽  
Ákos Máté ◽  
Sándor Gyula Nagy
Keyword(s):  
European Union ◽  
Tax Policy ◽  
Union Member ◽  
Tax Policies ◽  
The European Union ◽  
Member States ◽  
Structure Changes ◽  
The Impact ◽  
European Union Member States ◽  
Visegrad Group

The European Union does not have a comprehensive common tax policy and substantial changes in this specialized policy area are not likely in the foreseeable future. Albeit common rules, requirements, minimum rates for certain tax types were implemented in the last few decades, they barely limit the Member States in using their tax policies as one of the worthiest elements of their arsenal in increasing competitiveness or quite the contrary, to undermining their own international competitiveness inadvertently through a misguided tax policy. In this article, we put the tax policies of the Visegrad Group and the Eurozone core countries (Germany, Austria and the Netherlands), as well as changes in these policies under the magnifying glass, in terms of the impact of tax structure changes on economic growth and employment in the last decade.

Sign in / Sign up

Export Citation Format

Share Document