Author(s): Dr.Dimitris Kalimeris
Journal: International Journal of Economics and Research
ISSN 2229-6158
Volume: 03;
Issue: 03;
Start page: 101;
Date: 2012;
Original page
Keywords: competitiveness | World Economic Forum index | VAR method | granger causality
ABSTRACT
The purpose of this paper is to investigate the existence of positive or negative causality among variables that are part of the economic competitiveness methodology used by World Economic Forum (WEF) Index. The analysis is aimed at the data from Greece, Ireland, Italy, and Spain.Results from the VAR method show that, indeed, there is a significant level of causality, and therefore, the variables are rightly used for the construction of the WEF index.
Journal: International Journal of Economics and Research
ISSN 2229-6158
Volume: 03;
Issue: 03;
Start page: 101;
Date: 2012;
Original page
Keywords: competitiveness | World Economic Forum index | VAR method | granger causality
ABSTRACT
The purpose of this paper is to investigate the existence of positive or negative causality among variables that are part of the economic competitiveness methodology used by World Economic Forum (WEF) Index. The analysis is aimed at the data from Greece, Ireland, Italy, and Spain.Results from the VAR method show that, indeed, there is a significant level of causality, and therefore, the variables are rightly used for the construction of the WEF index.