Measuring Sustainable Competitiveness in Contemporary Economies—Insights from European Economy

The recent transformation of the national economies has raised numerous theoretical and practical aspects in measuring economic growth, welfare, environmental performance, and competitiveness, representing a challenging research topic within the context of economic paradigm transformation. Despite i...

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Veröffentlicht in:Sustainability 2017-07, Vol.9 (7), p.1230
Hauptverfasser: Popescu, Gheorghe, Sima, Violeta, Nica, Elvira, Gheorghe, Ileana
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container_end_page
container_issue 7
container_start_page 1230
container_title Sustainability
container_volume 9
creator Popescu, Gheorghe
Sima, Violeta
Nica, Elvira
Gheorghe, Ileana
description The recent transformation of the national economies has raised numerous theoretical and practical aspects in measuring economic growth, welfare, environmental performance, and competitiveness, representing a challenging research topic within the context of economic paradigm transformation. Despite its importance, a fully operational model to be used in any context has not yet been designed. The main aim of this paper is to evaluate and analyze the macroeconomic dimension of the three determinants of sustainable competitiveness: the economic environment, the social environment, and the natural environment, at both the European and Romanian levels. This paper used the Hierarchical Clustering methodology, aiming at evaluating the global competitiveness in terms of a sustainable development model, using four indices: Human Development Index, Environmental Performance Index, Global Competitiveness Index, and GDP per capita. The clusters were designed on the basis of the role of the indices in assessment of the sustainable performances of the countries and also of the possible convergences between them. The results could sustain the conclusion that these indices are not able to offer an exhaustive image of the sustainable performances assessment. A new complex indicator could be considered in order to design a convergence model for the EU member states.
doi_str_mv 10.3390/su9071230
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source Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; MDPI - Multidisciplinary Digital Publishing Institute
subjects Climate change
Clustering
Competitiveness
Design
Economic development
Economic growth
Economic indicators
Education
Environmental management
GDP
Gross Domestic Product
Human capital
Human Development Index
Income distribution
Life expectancy
Literacy
Macroeconomics
Per capita
Quality of life
Social environment
Society
Standard of living
Sustainability
Sustainable development
title Measuring Sustainable Competitiveness in Contemporary Economies—Insights from European Economy
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