Does Competitiveness Have Anything To Do With People?
Does Competitiveness Have Anything To Do With People?

Summary/Abstract: Research Question: Improvement of the educational system facilitates access to labour market and affectsstability as well as the competitiveness index. On the other hand, the country with a high score of GCI has a better educationalsystem and more stable labour market. Motivation: Our goal was to investigate how important it is for a countryto have educated people and how difficult it is to achieve a high rank in labour market efficiency without them. Results ofthe previous studies showed that higher education is connected with the labor market. According to this statement in thepaper we analyzed two indicators, the Higher education and training and Labor market efficiency and their influence onthe competitiveness score of the countries. Idea: The main idea was to analyze how higher education and training and labormarket efficiency impact the competitiveness score of the country. Data: The data were collected from The Global Competitiveness Report 2015-2016. We analysed the influence of Higher Education and Training pillar and Labour Market Efficiency pillar on the overall rankings of 15 top competitiveness countries and 10 Balkan countries. Tools: In the paper weused correlation, clustering, and regression analyses. First, we compared the GCI 2015-2016 and the GCI 2014-2015.Second, we did cluster analysis between influential indicators in higher education and training pillar (pillar 5) as well as forLabour market efficiency pillar (pillar 7) to identify the difference between top 15 and the Balkan region countries. The regression analysis has been performed to determine the most influential indicators on GCI in pillar 5 and pillar 7. Findings:The most important result is that the human resource development and market demands for competences affect the developmentof the country’s economy. Contribution: Results may have important implications for labor market efficiencyand strategic national labour market framework development.

• Details
• Contents