Global Competitiveness Index 4.0 and export performances of the European economies

Abstract

The aim of this paper is to examine the impact of national competitiveness on export of goods and services of European economies. The paper looks at three groups of countries: the CEFTA, the European Union, and the European Monetary Union. Panel regression models are used to test the hypothesis: OLS, model of fixed and random effects. GCI 4.0 is used as an indicator of national competitiveness. The results show a positive and statistically significant impact of GCI 4.0 on the export of European economies collectively and of economies in the EU and EMU, while this impact is absent in CEFTA.

Keywords

• global competitiveness index 40 (gci 40)
• export of goods and services
• foreign trade
• economic policy
• european economies