COMPETITIVENESS OF THE WTO MEMBERS – CASE AFFECTING INTERNATIONAL ECONOMIC RELATIONS: EVALUATION BY DEA APPROACH
COMPETITIVENESS OF THE WTO MEMBERS – CASE AFFECTING INTERNATIONAL ECONOMIC RELATIONS: EVALUATION BY DEA APPROACH

Summary/Abstract: Competitiveness depends on a multiplicity of actions that can optimisethe potentials of countries and internal factor endowments, which are increasinglybecoming the drivers of the economy. Competitiveness and performance importantlyaffecting the world trade and international relations, especially nowadays, giventhe changing position of the world leaders and growth of new economic powers.It creates new threats and challenges regarding trade and competitiveness forall players in the world economy, and increasing competitiveness must be efficientenough. The article focuses on using the Data Envelopment Analysis in the formof the Malmquist Productivity Index for comparing productivity level and efficiencychanges of the World Trade Organization members. Applicability of the approachillustrates a real data set involving the factors of competitiveness based on theWorld Economic Forum approach, i.e. the Global Competitiveness Index in period2007-2018, i.e. pre-in-post crisis.

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