The Knowledge Competitiveness of Macedonian Economy – Comparative Analysis
Journal Title: Journal of Competitiveness - Year 2012, Vol 4, Issue 3
Abstract
When a firm or economy realizes a competitive advantage, actually it possesses something which others lack, and does something which others cannot do, or do not know how to do it. Firms’ competitiveness, mostly, stems from knowledge and competency. Basically, it is the accumulation of capital in the form of knowledge, in most of the firms’ constitutive systems. Competitiveness determines the productivity level of an economy, whereas the productivity level determines the sustainable prosperity level of an economy. The knowledge economy offers virtually unlimited resources, as human capacity to create is boundless. Taking into consideration the abovementioned facts, the aim of this paper is to provide responses to the following questions: Why should contemporary firms and economies invest in new knowledge? What is the knowledge competitiveness level of the Macedonian firms and economy? What is the knowledge competitiveness of the Macedonian economy in comparison with the knowledge competitiveness of innovation-driven economies and the remaining efficiency- driven economies? In order to obtain the answers to these questions, we will make use of some theoretical experiences, supported by a comparative empirical analysis which, in essence, is based on the composite indicators - Knowledge Index and Global Competitiveness Index.
Authors and Affiliations
Dimitar Eftimoski, Bozidar Milenkovski
Keywords
Related Articles
- EP ID EP108862
- DOI 10.7441/joc.2012.03.09
- Views 167
- Downloads 0
The Hierarchical Clustering of Tax Burden in the EU27
The issue of taxation has become more important due to a significant share of the government revenue. There are several ways of expressing the tax burden of countries. This paper describes the traditional approach as a s...
The Verification of Structural Decision-Making Model for Evaluating Education on Facebook
The aim of this paper is to present the work of the research team who tried to construct a model that explores general opinions of students about education on Facebook and also opinions of students about education on the...
Competitive Position of Dependent Passenger Car Maintenance Companies – Influences, Developments and Challenges in the German Market
The presented paper concerns itself with passenger car maintenance companies and their competitiveness. Internal and external influences, change drivers and general changes in the companies and their organisation were i...
The Macroeconomic Context of Investments in the Field of Machine Tools in the Czech Republic
The article focuses on the macroeconomic analysis of production, export, import and investment in machine tools in the Czech Republic in the context of the initiative of Industry 4.0. Machine tools (MT) are among traditi...
Regional Innovation Strategies in the Czech Republic
Lately, the concept of innovation has become a development mantra in the fierce global competition. Competition is not limited to firms; it is also relevant for territories. An observed trend which is not surprising is t...