The Role of Cost Related Factors in the Competitiveness of European Services

2010 ◽  
Vol 10 (3) ◽  
pp. 1850203 ◽  
Author(s):  
Stefano Visintin ◽  
Andres Maroto ◽  
Gisela Di Meglio ◽  
Luis Rubalcaba
Keyword(s):  
European Union ◽  
Panel Data ◽  
Cross Section ◽  
Business Service ◽  
Related Factors ◽  
European Union Countries ◽  
Great Heterogeneity ◽  
Cost Factors ◽  
Service Markets

The emergence of service offshoring places competitiveness at the centre of the discussion on international trade and business. Service competitiveness factors remain a field that is largely unexplored. This paper addresses the role of cost related factors explaining service competitiveness. It empirically tests trade performance of 15 European countries in 8 service markets in order to observe the role of cost factors, country effects and industry specific patterns. A model based on cross section and panel data regressions is suggested in order to test the influence of cost determinants and their elasticities. Results show great heterogeneity among service activities and suggest the importance of non-cost related factors within European Union countries.

scholarly journals Are International Indices Good Predictors of Economic Growth? Panel Data and Cluster Analysis for European Union Countries

2021 ◽  
Vol 13 (11) ◽  
pp. 6003
Author(s):  
Manuel Carlos Nogueira ◽  
Mara Madaleno
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Human Development ◽  
Empirical Studies ◽  
The European Union ◽  
Global Competitiveness ◽  
Environmental Performance Index ◽  
European Union Countries ◽  
And Cluster Analysis

Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A country’s progression in these indices is associated with economic growth, especially since several empirical studies have found evidence to reinforce these beliefs, the indices having been built based on the scientific literature on economic growth. Building a database on these indices for European Union countries between 2007 and 2017 and using panel data methodologies and then 2SLS (Two-Stage Least Squares) to solve the problem of endogeneity, we verify empirically through panel data estimates, what is the relationship between the mentioned indices and the European Union countries’ economic growth for the period. However, as the European Union is made up of diverse countries with different economic and social realities, we divided the countries into six clusters and made an individual interpretation for each one. We found that human development and competitiveness play an important role in economic growth, and entrepreneurship also impacts this growth. Regarding income distribution, applying the Gini index, we found that only human development mitigates inequalities.

scholarly journals CORRUPTION, CAPITAL ABUNDANCE AND ECONOMIC DEVELOPMENT: EVIDENCE FROM THE EUROPEAN UNION COUNTRIES

2016 ◽  
Vol 10 (2) ◽  
Author(s):  
Vlatka Bilas ◽  
Mile Bošnjak ◽  
Sanja Franc
Keyword(s):  
European Union ◽  
Economic Development ◽  
Law Enforcement ◽  
Rule Of Law ◽  
Explanatory Power ◽  
The European Union ◽  
The Rule Of Law ◽  
European Union Countries ◽  
The Relationship

The aim of this paper is to establish and clarify the relationship between corruption level and development among European Union countries. Out of the estimated model in this paper one can conclude that the level of corruption can explain capital abundance differences among European Union countries. Also, explanatory power of corruption is higher in explaining economic development than in explaining capital abundance, meaning stronger relationship between corruption level and economic development than between corruption level and capital abundance. There is no doubt that reducing corruption would be beneficial for all countries. Since corruption is a wrongdoing, the rule of law enforcement is of utmost importance. However, root causes of corruption, namely the institutional and social environment: recruiting civil servants on a merit basis, salaries in public sector competitive to the ones in private sector, the role of international institutions in the fight against corruption, and some other corruption characteristics are very important to analyze in order to find effective ways to fight corruption. Further research should go into this direction.

scholarly journals Club convergence of labour productivity in agriculture: Evidence from EU countries

2020 ◽  
Vol 66 (No. 9) ◽  
pp. 391-401
Author(s):  
Arkadiusz Kijek ◽  
Tomasz Kijek ◽  
Anna Nowak
Keyword(s):  
European Union ◽  
Panel Data ◽  
Data Model ◽  
Agricultural Sector ◽  
Labour Productivity ◽  
Panel Data Model ◽  
Club Convergence ◽  
Eu Countries ◽  
Agriculture Industry ◽  
European Union Countries

This paper studies club convergence in relation to labour productivity in the agriculture industry of 28 European Union countries for the period 2005 to 2018. The countries were divided into three groups which were homogeneous in terms of level of development in the agricultural sector. The presence of convergence in the groups of countries was verified by using a panel-data model of conditional β-convergence. Then, convergence processes were investigated within clubs of countries. Convergence processes took place in the groups of countries with low and medium levels of labour productivity. In the club of countries where labour productivity was high, opposite processes (i.e. divergence) were observed.

THE COMPOUNDS BETWEEN THE ECONOMIC SITUATION AND ENVIRONMENTAL IMPACT OF AGRICULTURAL HOLDINGS IN THE EUROPEAN UNION COUNTRIES

2018 ◽  
Vol XX (3) ◽  
pp. 59-64
Author(s):  
Aleksander Grzelak
Keyword(s):  
European Union ◽  
Regression Analysis ◽  
Panel Data ◽  
Environmental Impact ◽  
Negative Impact ◽  
Economic Situation ◽  
The European Union ◽  
Eu Countries ◽  
European Union Countries

The main purpose of the article is to examine the compounds between economic results of agricultural holdings and their impact on the environment. The research was conducted on a group of 23 EU countries that have been members since at least 2004. The time scope of the analyses concerns the years 2004-2015. The study uses regression analysis based on panel data. It was found that the more favorable economic situation of the surveyed group of agricultural holdings is accompanied by a stronger negative impact on the environment. The strongest relative environmental impact (from the perspective of material pressure on the environment) was recorded for investments.

scholarly journals The Endogeneity Of Association Agreements And Their Impact On Trade For Eastern Countries: Empirical Evidence For Romania

2011 ◽  
Vol 7 (1) ◽  
Author(s):  
Christophe Rault ◽  
Ana Maria Sova ◽  
Robert Sova
Keyword(s):  
European Union ◽  
Free Trade ◽  
Positive Impact ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
Trade Flows ◽  
Economic Literature ◽  
Association Agreement ◽  
European Union Countries

The main goal of regionalization is the creation of free trade areas and the guarantee for countries to accede to a widened market. Many studies dealing with the effects of regional free trade agreements on trade flows already exist in economic literature and the increase of regional agreements among nations has recently stressed the key role of regionalization. However, the effects of agreements on trade have not yet been clearly determined in those studies. Our research in this paper aims at reassessing the genuine role of associations. For this matter, we particularly study the association of Romania with European Union countries. Our econometric analysis based on qualitative choice models highlights in particular why European countries chose to conclude an association agreement with Romania, and stresses the fact that European Union countries select endogenously the conclusion of association agreements. We also find a 29% positive impact of the association agreement on Romanian export performances.

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