The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies

Improving national competitiveness is fundamental to raising long-term economic growth rates and enhancing living standards. The determinants of competitiveness change along with macroeconomic factors, business environment and consumer demand. These changes are visible in the growing importance of d...

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Autores principales:	Tatyana Boikova, Sandija Zeverte-Rivza, Peteris Rivza, Baiba Rivza
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	national competitiveness competitiveness factors digitalization EU countries European economies Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/e0221852e5994049a263d477355aab87
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spelling	oai:doaj.org-article:e0221852e5994049a263d477355aab872021-11-11T19:25:22ZThe Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies10.3390/su1321116892071-1050https://doaj.org/article/e0221852e5994049a263d477355aab872021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11689https://doaj.org/toc/2071-1050Improving national competitiveness is fundamental to raising long-term economic growth rates and enhancing living standards. The determinants of competitiveness change along with macroeconomic factors, business environment and consumer demand. These changes are visible in the growing importance of digitalization of enterprises of all sectors that has become a critical factor for competitiveness in recent years and will likely become even more essential. The main determinants of competitiveness performance in the European Union (EU) were analyzed in the proposed research. The study included a holistic approach to competitiveness and economic growth and aimed to reveal the factors that determine and contribute to the growth of European economies, as well as to identify clusters of the EU countries. The criteria of competitiveness that are significant for estimation of competitiveness factors and their relationship with economic growth were revealed by using factor analysis. The results indicate that the most significant factors are F1 Macroeconomic Stability, F2 Research and Development (R&D) and Digitalization, F3 Foreign Direct Investment and F4 Trade Openness. By applying cluster analysis, the EU countries were grouped into five clusters on the basis of the contribution of competitiveness factors to economic growth.Tatyana BoikovaSandija Zeverte-RivzaPeteris RivzaBaiba RivzaMDPI AGarticlenational competitivenesscompetitiveness factorsdigitalizationEU countriesEuropean economiesEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11689, p 11689 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	national competitiveness competitiveness factors digitalization EU countries European economies Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	national competitiveness competitiveness factors digitalization EU countries European economies Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Tatyana Boikova Sandija Zeverte-Rivza Peteris Rivza Baiba Rivza The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies
description	Improving national competitiveness is fundamental to raising long-term economic growth rates and enhancing living standards. The determinants of competitiveness change along with macroeconomic factors, business environment and consumer demand. These changes are visible in the growing importance of digitalization of enterprises of all sectors that has become a critical factor for competitiveness in recent years and will likely become even more essential. The main determinants of competitiveness performance in the European Union (EU) were analyzed in the proposed research. The study included a holistic approach to competitiveness and economic growth and aimed to reveal the factors that determine and contribute to the growth of European economies, as well as to identify clusters of the EU countries. The criteria of competitiveness that are significant for estimation of competitiveness factors and their relationship with economic growth were revealed by using factor analysis. The results indicate that the most significant factors are F1 Macroeconomic Stability, F2 Research and Development (R&D) and Digitalization, F3 Foreign Direct Investment and F4 Trade Openness. By applying cluster analysis, the EU countries were grouped into five clusters on the basis of the contribution of competitiveness factors to economic growth.
format	article
author	Tatyana Boikova Sandija Zeverte-Rivza Peteris Rivza Baiba Rivza
author_facet	Tatyana Boikova Sandija Zeverte-Rivza Peteris Rivza Baiba Rivza
author_sort	Tatyana Boikova
title	The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies
title_short	The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies
title_full	The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies
title_fullStr	The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies
title_full_unstemmed	The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies
title_sort	determinants and effects of competitiveness: the role of digitalization in the european economies
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/e0221852e5994049a263d477355aab87
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The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies

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