Country Competitiveness: an Empirical Study
... subject to various factors, including entrepreneurship and economic openness. Competitiveness is analysed in this current research, using IMD World Competitiveness Yearbook data for 55 countries in the estimation sample. This unique research applies a Multinomial Logistic procedure, and a Heckman Two-Step procedure in its accountancy for market size, exports, openness, and foreign direct investment. The business environment factors for estimation are highlighted. Also, several macro-economic modifications of the basic ...
