Snowflake model of regional competitiveness: Evidence from Serbia
Snowflake model of regional competitiveness: Evidence from Serbia
Author(s): Darko Vuković, Dušan Marković, Azra HanićSubject(s): Economy
Published by: Visoka škola za poslovnu ekonomiju i preduzetništvo
Keywords: regional competitiveness; Snowflake model; index of regional competitiveness; factors of regional competitiveness; indicators of regional competitiveness; regional drivers
Summary/Abstract: The competitiveness of the region is ability to be productive and maintain a high standard of living. In this paper, we have created Snowflake model of regional competitiveness considering not only economic and social factors, but also infrastructure, innovations, geo-natural variables, institutional factors, culture and tourism. This model can be applied in any country or group of countries. The model shows the competitiveness of the region in three ways: 1) quantitatively - by the index of regional competitiveness, 2) ranking the region compared to other regions and 3) it possesses visual characteristic - represents snowflake of competitiveness. As part of our analysis, we measured the regions of Serbia. The reason is that Serbia has the largest regional differences in Europe, which was an additional motive to test the model.
Journal: International Review
- Issue Year: 2016
- Issue No: 1-2
- Page Range: 59-73
- Page Count: 14
- Language: English