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Advisor(s)
Abstract(s)
Purpose
This paper focuses on the issue of global competitive advantage of nations, based on the dimensions analyzed by the World Economic Forum in assessing the economic competitiveness of a large sample of countries. From the different stages of development of the countries, this study aims to help us to recognize what variables better explain the global competitive advantage of economies.
Design/methodology/approach
Following quantitative analysis, results based on PLS show what dimensions within each economic development stage best explain the global competitive advantage of economies.
Findings
Beyond the institutions, infrastructure and regulation of the markets, higher education and training, the technological readiness, the business sophistication and innovation contribute greatly to explain the competitive advantage of economies.
Originality/value
Understanding the drivers of global competitive advantage of nations, this study may help academics to conduct new studies, as well as politicians to define intervention priorities.
Description
Keywords
Competitiveness Innovation PLS Economic growth Global competitiveness index
Pedagogical Context
Citation
Luis Farinha, Sara Nunes, João J. Ferreira, António Fernandes, (2018) "Understanding the foundations of global competitive advantage of nations", Competitiveness Review: An International Business Journal, Vol. 28 Issue: 5, pp.503-517, https://doi.org/10.1108/CR-10-2016-0063
Publisher
Emerald