Competitiveness and Economic Growth in Transition Countries: An Analysis
This work examines theoretically as well as empirically the incidence of competitiveness in the context of capital formation, foreign direct investment and economic growth in the transition economies for the last few years. Analysis of the data regarding competiveness and corruption for many countries indicates a strong evidence that highly competitive countries are more likely to experience higher capital formation or investment and economic growth. This correlation holds up for thetransition economies also. Implications for public policy are also discussed.