FEAA - Archive 2011-Bartha_Gubik

MEASURING THE OUTSIDE POTENTIAL OF THE OECD COUNTRIES

Zoltan BARTHA
Faculty of Economics
University of Miskolc
Hungary
 
Andrea GUBIK
Faculty of Economics
University of Miskolc
Hungary
zolib@hu.inter.net  

Abstract
The purpose of the article is to measure the outside potential of the OECD countries with the help of the K-index, an indicator we created after conducting a survey on it. Later on the index will be used to classify Hungary’s performance in a three-dimensional matrix of institutions. After an analysis on the data of OECD economies, we have concluded that the developed countries can be divided into four  groups,  and  these  four  groups  can  be  distinguished  by  four  main  factors:  macroeconomic performance,  knowledge-based  entrepreneurial  environment,  guarantees  of  market  competition  and international  attractiveness.  These  factors  summarize  the  institutional  conditions  that  influence  an economy’s ability to make use of the opportunities provided by the global market.
 
Keywords: global competitiveness, measuring competitiveness
JEL classification: F02 F59 P45
 

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