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  • The aim of this study is to verify the assumption that price-cost competitiveness factors affect long-term economic growth in the sample countries. This analysis is based on the neoclassical growth model extended by human capital. Furthermore, the model is addend with the variables reflecting the cost-competitiveness and cost-effective real exchange rate and unit labor costs. The default is a panel regression methodology and related methods of data analysis. The sample consists of EU member states that meet the requirement of a small open economy, and membership in the OECD. Based on this criterion are selected countries: Belgium, Czech Republic, Denmark, Estonia, Ireland, Hungary, Netherlands, Austria, Slovenia and the Slovak Republic. The reference periods are the annual frequency in the time frame 1999-2010. Analysis results show that in the event the selected sample of countries with affordable cost factors appear to be significant. Selected indicators of competitiveness can be one of the prominent factors that influence economic growth in developed countries, yet are not fully sufficient and comprehensive source of growth factors in terms of competitiveness.
  • The aim of this study is to verify the assumption that price-cost competitiveness factors affect long-term economic growth in the sample countries. This analysis is based on the neoclassical growth model extended by human capital. Furthermore, the model is addend with the variables reflecting the cost-competitiveness and cost-effective real exchange rate and unit labor costs. The default is a panel regression methodology and related methods of data analysis. The sample consists of EU member states that meet the requirement of a small open economy, and membership in the OECD. Based on this criterion are selected countries: Belgium, Czech Republic, Denmark, Estonia, Ireland, Hungary, Netherlands, Austria, Slovenia and the Slovak Republic. The reference periods are the annual frequency in the time frame 1999-2010. Analysis results show that in the event the selected sample of countries with affordable cost factors appear to be significant. Selected indicators of competitiveness can be one of the prominent factors that influence economic growth in developed countries, yet are not fully sufficient and comprehensive source of growth factors in terms of competitiveness. (en)
Title
  • The Impact of Price-Cost Competitiveness Factors on Economic Growth
  • The Impact of Price-Cost Competitiveness Factors on Economic Growth (en)
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  • The Impact of Price-Cost Competitiveness Factors on Economic Growth
  • The Impact of Price-Cost Competitiveness Factors on Economic Growth (en)
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  • RIV/61989100:27510/13:86084701!RIV14-MSM-27510___
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  • RIV/61989100:27510/13:86084701
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  • Competitiveness, Economic growth, Panel Regression, Price-Cost Factors (en)
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  • CZ - Česká republika
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  • [C6E00A47AB05]
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  • 13
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  • Baranová, Veronika
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  • 1213-2446
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  • 27510
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