The competitiveness versus the wealth of a country

The competitiveness versus the wealth of a country

Politicians world-wide frequently promise a better life for their citizens. We find that the probability that a country will increase its per capita GDP (gdp) rank within a decade follows an exponential distribution with decay constant λ = 0.12. We use the Corruption Perceptions Index (CPI) and the...

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Main Authors: Podobnik, Boris, Horvatić, Davor, Kenett, Dror Y., Stanley, H. Eugene
Format: Online
Language:English
Published: Nature Publishing Group 2012
Online Access:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3447187/
id pubmed-3447187
recordtype oai_dc
spelling pubmed-34471872012-09-20 The competitiveness versus the wealth of a country Podobnik, Boris Horvatić, Davor Kenett, Dror Y. Stanley, H. Eugene Article Politicians world-wide frequently promise a better life for their citizens. We find that the probability that a country will increase its per capita GDP (gdp) rank within a decade follows an exponential distribution with decay constant λ = 0.12. We use the Corruption Perceptions Index (CPI) and the Global Competitiveness Index (GCI) and find that the distribution of change in CPI (GCI) rank follows exponential functions with approximately the same exponent as λ, suggesting that the dynamics of gdp, CPI, and GCI may share the same origin. Using the GCI, we develop a new measure, which we call relative competitiveness, to evaluate an economy's competitiveness relative to its gdp. For all European and EU countries during the 2008–2011 economic downturn we find that the drop in gdp in more competitve countries relative to gdp was substantially smaller than in relatively less competitive countries, which is valuable information for policymakers. Nature Publishing Group 2012-09-20 /pmc/articles/PMC3447187/ /pubmed/22997552 http://dx.doi.org/10.1038/srep00678 Text en Copyright © 2012, Macmillan Publishers Limited. All rights reserved http://creativecommons.org/licenses/by-nc-sa/3.0/ This work is licensed under a Creative Commons Attribution-NonCommercial-ShareALike 3.0 Unported License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc-sa/3.0/
repository_type Open Access Journal
institution_category Foreign Institution
institution US National Center for Biotechnology Information
building NCBI PubMed
collection Online Access
language English
format Online
author Podobnik, Boris
Horvatić, Davor
Kenett, Dror Y.
Stanley, H. Eugene
spellingShingle Podobnik, Boris
Horvatić, Davor
Kenett, Dror Y.
Stanley, H. Eugene
The competitiveness versus the wealth of a country
author_facet Podobnik, Boris
Horvatić, Davor
Kenett, Dror Y.
Stanley, H. Eugene
author_sort Podobnik, Boris
title The competitiveness versus the wealth of a country
title_short The competitiveness versus the wealth of a country
title_full The competitiveness versus the wealth of a country
title_fullStr The competitiveness versus the wealth of a country
title_full_unstemmed The competitiveness versus the wealth of a country
title_sort competitiveness versus the wealth of a country
description Politicians world-wide frequently promise a better life for their citizens. We find that the probability that a country will increase its per capita GDP (gdp) rank within a decade follows an exponential distribution with decay constant λ = 0.12. We use the Corruption Perceptions Index (CPI) and the Global Competitiveness Index (GCI) and find that the distribution of change in CPI (GCI) rank follows exponential functions with approximately the same exponent as λ, suggesting that the dynamics of gdp, CPI, and GCI may share the same origin. Using the GCI, we develop a new measure, which we call relative competitiveness, to evaluate an economy's competitiveness relative to its gdp. For all European and EU countries during the 2008–2011 economic downturn we find that the drop in gdp in more competitve countries relative to gdp was substantially smaller than in relatively less competitive countries, which is valuable information for policymakers.
publisher Nature Publishing Group
publishDate 2012
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3447187/
_version_ 1611910409567076352

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