National Competitiveness and Economic Growth
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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.
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APPENDIX 1: Benchmarking: early 1980s (1981-1985)

Timo J. Hämäläinen

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APPENDIX 1 Benchmarking: early 1980s (1981–1985) Table A1.1 Standardized values of indicators: Human capital Tertiary enrollment Average Standardized Knowledge resources Scient. Pub. Population ICT-infra Mainlines/100 inhab. Resource competitiveness Factor 1 – Productive Resources Country Risk capital Share issues –0.70 0.60 1.48 0.96 0.23 –0.97 –1.53 297 –0.44 –1.29 1.11 0.11 1.60 –0.73 –0.66 0.22 Australia Austria Belgium Canada Denmark Finland France Germany Greece Ireland Italy Japan Netherlands New Zealand Norway Portugal Spain Sweden Switzerland Turkey United Kingdom USA Average St. Dev. –0.12 –0.32 –0.02 1.56 0.27 0.57 –0.02 0.08 –0.91 –0.62 0.18 0.47 0.37 0.27 –0.02 –1.51 –0.22 0.47 –0.82 –2.01 –0.62 2.95 0.74 –0.35 –0.17 1.01 1.04 0.40 –0.06 –0.40 –1.29 –0.65 –1.05 –0.83 0.09 0.82 0.51 –1.54 –1.37 1.34 1.82 –1.59 0.80 0.72 0.14 –0.10 –0.46 0.73 1.03 0.48 0.08 0.24 –0.56 –1.31 –0.59 0.19 0.32 0.40 0.00 –1.67 –0.97 2.18 1.07 –2.34 0.08 1.05 0.25 –0.37 –0.01 1.20 0.78 0.61 0.06 –0.26 –1.07 –0.86 –0.49 –0.15 –0.13 0.50 0.40 –1.57 –0.61 1.40 0.34 –1.98 –0.10 1.23 –0.04 0.86 0.34 –0.38 0.03 1.43 0.95 0.75 0.11 –0.26 –1.20 –0.95 –0.52 –0.13 –0.10 0.63 0.51 –1.78 –0.67 1.67 0.44 –2.25 –0.07 1.48 0.00 1.00 Original indicators and data sources: Share issues = Total share issues as a percentage of GDP, 1982–84 average, WCR (1986). Tertiary enrollment = Pupils enrolled in post-secondary schools and universities divided by the population in the 20–24 age group, 1980. World Development Report (1995). Scientific publications per pop. = Scientific publications per 1000 inhabitants,1980. Second...

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