The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind
Research output: Contribution to journal › Article
Why do some countries perform much better than other countries? This paper outlines a synthetic framework, based on Schumpeterian logic, for analyzing this question. Four different aspects of competitiveness are identified: technology, capacity, demand, and price. The contribution of the paper is particularly to highlight the three first aspects, which often tend to be ignored due to measurement problems. The empirical analysis, based on a sample of 90 countries on different levels of development during 1980-2002, demonstrated the relevance of technology, capacity, and demand competitiveness for growth and development. Price competitiveness seems generally to be of lesser importance.
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|Number of pages||26|
|Publication status||Published - 2007 Oct|