Table of Contents

National Competitiveness and Economic Growth

National Competitiveness and Economic Growth

The Changing Determinants of Economic Performance in the World Economy

New Horizons in Institutional and Evolutionary Economics series

Timo J. Hämäläinen

The current paradigm shift in the world economy is challenging the traditional competitiveness and growth theories with their few explanatory variables. This book offers a more holistic framework to synthesise the key findings of the various branches of competitiveness and growth research. The author illustrates this framework with a new long wave theory of socio-economic development. This theory emphasises the competitiveness and growth benefits of rapid structural adjustment in the rapidly changing techno-economic environment. Based on thorough analysis the author argues that both markets and governments have become less efficient due to the current transformation of the world economy. His empirical data from 22 OECD countries in the 1980s and 1990s illustrates that efficiency and growth-oriented governments have significantly contributed to their countries’ economic success.

APPENDIX 4: Benchmarking: mid 1990s (1994-1997)

Timo J. Hämäläinen

Subjects: economics and finance, institutional economics, international economics

Extract

APPENDIX 4 Benchmarking: mid 1990s (1994–1997) Table A4.1 Venture capital (1/4) Human capital (1/4) Scientific know. (1/4) ICT-infrastructure (1/4) Resource competitiveness Factor 1 – Productive Resources Weights: Weighted average Standardized Country –0.87 0.01 –0.40 –0.34 0.31 –0.22 –0.82 –0.45 –0.52 1.58 –0.43 –0.54 –0.09 2.78 –1.45 –0.10 1.27 1.07 –0.84 –1.39 –2.03 –1.12 0.20 –0.89 –0.05 –0.54 0.71 0.01 0.36 0.81 –1.25 –0.68 0.70 –0.10 0.85 1.27 –1.03 0.99 –0.75 –0.12 1.90 –0.05 –0.82 0.24 –1.59 0.36 2.88 –0.22 –0.10 –0.33 0.13 –0.56 –0.22 –1.59 1.34 0.84 1.98 0.93 0.02 –0.03 –0.84 0.61 0.20 –0.25 –0.57 0.57 –0.84 0.16 (1/12) Vent. cap. availabil. (1/12) Vent. cap investm’s (1/12) Vent. cap. allocation (1/8) Tertiary graduates (1/8) Tertiary enrollm. (1/4) Sc. Pub./ Popul. (1/12) Telecoms charges (1/12) (1/12) Main lines Internet /100 inh. hosts/10 000 327 Australia Austria Belgium Canada Denmark Finland France Germany Greece Ireland Italy Japan Netherlands New Zealand Norway Portugal Spain Sweden Switzerland Turkey United Kingdom USA 0.21 –0.66 –0.31 0.61 0.78 0.31 –0.25 –0.08 –1.01 –0.09 –1.33 –1.38 1.67 –0.22 0.04 –0.93 –0.71 0.46 0.29 –1.41 1.77 2.23 0.33 –0.36 0.01 0.60 1.14 0.79 –0.20 –0.38 –1.23 –0.74 –0.85 –0.77 0.71 0.33 0.31 –1.55 –0.93 1.68 2.08 –1.83 0.64 0.20 –0.78 –1.22 0.28 –0.21 1.44 1.57 0.51 0.17 –0.72 –0.77 –0.96 –0.12 1.29 –0.01 1.51 –2.21 –0.86 1.44 –0.21 –0.10 0.28 –0.32 0.10 –0.32 –0.40 0.81 1.10 0.49 0.63 –0.05 –0.05 –1.27 –0.60 –0.19 0.18 –0.27 0.58 –1.32 –1.09 1.77 1.22 –2.59 0.03 1.23 1.01 –0.50 –0.64 0.16...

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