Economic competitiveness of selected European countries

Abstract

In many publications, the notion of economic competitiveness has different meanings. For example, it could mean competitiveness by county or by creating more goods and services than competitors in the world market [The World Competitiveness Report, 1944]. In this paper, a proposal is given for measuring competitiveness and preparing a ranking list for selected European countries (the European Union members and Poland) based on data obtained fromThe World Economic Competitiveness Report [1994]. To fulfill such an objective, special producers are used. Moreover, results obtained from similarity, distance, and development measures calculated for every country serve as the basis for dividing the analyzed countries into three homogeneous groups.