Je li Globalno izvješće o konkurentnosti prava mjera makro-konkurentnosti

摘要

The purpose of this paper is to research the effect of abandoning the assumption oflong-term time horizon in terms of reliability of the Global Competitiveness Report(GCR) findings. In order to achieve this goal we will compare the GCR findingswith the findings of a composite index of competitiveness, named 6 BIC (BasicIndicators of Competitiveness). We have developed this index on the theoreticalbasis provided by Krugman, Fagerbergs, Scott, Lodge, Aiginger and others.Economists are aware that any theoretical conception, including the GCR, relieson a number of assumptions and postulations. If some of those have been underscrutiny, then the whole construction and its findings would lose their credibility.One of the most significant assumptions rooted in the Global CompetitivenessReport is its longevity. In the long-term, the change in productivity level throughprice competitiveness certainly brings out a change in outcome competitivenesslevel. However, the effects in short-to-middle term are not certain. Our findingsshow that there is a whole range of countries whose national competitiveness iseither under-estimated by the GCR (for example Russia, Turkey, Estonia, Moldova)or overvalued (Finland, Ireland, Iceland, Portugal, Spain) in short-to-middle term.The basic conclusion from the obtained results of the research is that the GCRdoes not provide sufficiently good view of the current competitiveness of thecountries, and that this indicator needs to be extended also with othercompetitiveness indicators, such as those selected in our paper.