Unveiling National Competitiveness: Drivers and Impacts on Productivity
Unveiling National Competitiveness: Drivers and Impacts on Productivity

Summary/Abstract: Unlike competition at the level of businesses, national competitiveness represents the ability of nations to deliver products and services into international markets to increase the progress and well-being of their residents. Cross-country data on the main drivers is used to estimate competitiveness empirically. The study employs survey data from the World Economic Forum's Executive Opinion Survey (EOS) as well as a useful dataset of indicators from Our World in Data. The study will use econometric models to investigate the most influential factors in national competitiveness. The data was analyzed using panel data and hierarchical regression. The main competitive drivers and our dependent variable of GDP per employed worker among the working-age population are found to have a positive relationship in this study. The results of the study show that microeconomic factors like business sophistication, technological readiness, efficiency, flexibility, and quantity of education have a positive effect on output per employed worker.

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