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  • 标题:Analysis of the economic performance and competitiveness of the European Union countries
  • 本地全文:下载
  • 作者:Milja Marčeta ; Štefan Bojnec
  • 期刊名称:Serbian Journal of Management
  • 印刷版ISSN:1452-4864
  • 出版年度:2022
  • 卷号:17
  • 期号:1
  • 页码:219-236
  • DOI:10.5937/sjm17-31944
  • 语种:English
  • 出版社:University in Belgrade
  • 摘要:The main purpose of this study is to identify the dynamics of economic performance and competitiveness in the European Union (EU-28) countries and their convergences over the two periods, 2008-2015 and 2015-2019. The comparative analysis is used to answer the research question with applied the hierarchical cluster analysis, Ward's method, and t-test to test the set hypothesis. Eurostat and World Economic Forum data were used for the period 2008-2019. The empirical results confirmed our hypothesis that there are convergences in the key indicators of trade openness, exports as % of gross domestic product (GDP), market shares as % in world trade, GDP per capita, and global competitiveness index. The study contributes to the empirical analysis on the existence of convergences in a group of indicators of economic performance, trade openness, and global competitiveness of the EU-28 countries. The common clusters were formed, and the set hypothesis was tested regarding the convergences of the EU-28 countries by means of a hierarchical cluster analysis. Trade openness and export market shares in world trade, and competitiveness of EU-28 countries are important for trade policies improving global competitiveness and improving convergences in the heterogeneity among the EU countries.
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