USV Annals of Economics and Public Administration (Dec 2021)
STATISTICAL ANALYSIS OF THE DYNAMICS OF ECONOMIC COMPETITIVENESS IN THE TWO EMERGING COUNTRIES, ROMANIA AND POLAND, IN THE PERIOD 2015-2020
Abstract
The aim of this study is to identify impact factors on the comparative evolution of competitiveness by analyzing the two macroeconomic indicators Gross Domestic Product and Global Competitiveness Index in the two emerging countries - Romania and Poland, in 2015-2020, based on data provided by Eurostat and the National Institute of Statistics and Economic Studies, respectively by the global competitiveness reports. Gross Domestic Product (GDP) is the most complex indicator calculated in all European Union countries and expresses an appropriate comparability (according to National Accounts record system). If we consider the analysis of the gross domestic product per capita and the parity of purchasing power, we will be able to analyze comparatively both the size of the development of each country and the standard of living of the population, respectively the quality of life. In this study, the GDP comparisons were performed after assessing the stage of economic evolution in each country. In the article we have introduced several graphs that help us to highlight the conclusions drawn from the analysis of the data we have. It is also analyzed the evolution of the Global Competitiveness Index (GCI), a comprehensive tool that measures the microeconomic and macroeconomic fundamentals of competitiveness. The GCI provides a detailed analysis of the productive potential of national economies
