Competitiveness and economic growth in E.U. : clusters and spillovers
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Keywords
Competitiveness ; Economic growth ; Clusters ; SpilloversAbstract
This study thoroughly examines the complex interconnections among competitiveness, economic growth, corporate investments, and the dynamics of the global economy. In recent decades, the global competition paradigm has experienced significant changes, which have had an impact on business productivity, market structures, and macroeconomic results. The investigation, utilizing diverse data sources, elucidates the different levels of competition and their effects on the performance of enterprises and the market structures of sectors worldwide.
The first chapter focuses on an empirical analysis that highlights the significance of competition in driving economic growth. The study examines the effects of competition on the distribution of resources, the development of new ideas, and the rate of productivity improvement. Actually, the findings indicate that more competition improves allocation of resources, which in turn stimulates investment and innovation, ultimately driving economic growth. Nevertheless, the study also recognizes the possible drawbacks of unrestricted competition, such as heightened market consolidation and concerns regarding efficiency. The empirical data demonstrates substantial disparities in profitability and market configurations among various sectors and countries, providing valuable understanding of how competition influences the business environment.
Moreover, the study examines the relationship between competition and macroeconomic performance. This section provides a thorough analysis of how competition within the domestic market stimulates innovation and technical progress, ultimately impacting the overall economic well-being. It posits that strong rivalry amplifies market dynamics, hence incentivizing corporations to allocate resources towards research and development. Furthermore, it explores the correlation between competitiveness, innovation, and growth policies. The complex nature of government interventions and their varying effects, emphasizing the compromises between market concentration and efficiency are investigated. The analysis highlights the importance of adopting a well-rounded approach in policy-making to foster inclusivity and ensure long-term, environmentally-friendly economic development.
The second chapter provides observations regarding the significance of competition in regional markets. The text emphasizes the importance of implementing more robust competition regulations and related macroeconomic strategies in order to promote competition and enhance economic efficiency. The chapter examines the influence of major economic disruptions on company investment strategy in the European Union. This study analyzes the most advantageous investment choices made by companies, taking into account the dynamics of ownership and management. Moreover, the study employs diverse approaches to differentiate between overinvestment and underinvestment, uncovering the pervasiveness of both inclinations across several sectors.
The last chapter examines the correlation between road accidents and automobile insurance rates in significant European economies. By employing non-linear nonparametric modeling, a definitive correlation is established between the incidence of road accidents and the increase in motor insurance rates. This section highlights the importance of public policy in reducing traffic congestion and its subsequent effect on insurance expenses. It promotes the adoption of intelligent artificial intelligence (AI) traffic management systems as a solution to alleviate congestion and its economic consequences. Finally, the study provides a detailed perspective of the worldwide competitive situation, highlighting the intricate connections between market rivalry, company investment patterns, and the larger economic context. The latter information is of great use to policymakers, industry stakeholders, and academics who wish to comprehend the intricacies of competition and growth in the global economy.
Department
Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής ΕπιστήμηςNumber of pages
107Language
EnglishCollections
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Αναφορά Δημιουργού 3.0 Ελλάδα
Αναφορά Δημιουργού 3.0 Ελλάδα