National Competitiveness and Expenditure on Education, Research and Development
Verner Tomáš
Keywords:
National competitiveness, Human development index, expenditure on education, expenditure on
research and development, panel data model.
Abstract:
National (macroeconomic) competitiveness is one of words in vogue that is mostly used by
politicians, economists among others in today’s globalized world. However, the concept of
competitiveness is also a very controversial issue. There are lots of concepts and approaches
to a country’s overall competitiveness. In this paper, the author applies a comprehensive
and established indicator used by The United Nations – The Human development index, to
measure competitiveness at the national level. The main goal of this paper is to find whether
higher expenditure on education, research and development leads to higher competitiveness.
In evaluating the relationship, countries such as the United States, Japan and European Union
countries (27) - the Triad countries were used. The panel data analysis was used to investigate
the relationship and it was found that, expenditure on education and R & D positively leads to
national competitiveness.
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