Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 12 Number 2 pp. 49-73

Anna Matysek-J&#281,drych

Pozna&#
3

2

4
; University of Economics, Poland

Competitiveness and crisis - the case of the Baltic States economies

Abstract: The article focuses on the relation between economic crisis and competitiveness of the economy. The Baltic States (Estonia, Latvia and Lithuania) experienced the biggest GDP contraction during the global crisis. Since then, identifying and assessing changes in the relative competitiveness as a consequence of the economic downturn has sparked much interest. The selection of competitiveness measuring tools, which provide the basis for analysis, is of key importance to the conclusions formulated. Employing single macroeconomic variables suggests a much stronger influence of the crisis on competitiveness in comparison to the overall measures (Global Competitiveness Index or IMD Index). However, it is likely that the influence of recession on competitiveness - though certainly present and quite strong - was too short-lived to considerably affect the measures of competitiveness, which were constructed mainly on the basis of the perceptions and opinions of various social and business groups. The main channel through which the crisis undermined competitiveness was macroeconomic situation. It may be generally concluded that a short-term crisis, even if severe, does not have a negative influence on economic competitiveness as long as proper anti-crisis policy is implemented. (original abstract)
pub/2012_2_49.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume12/issue2/2012_2_49.pdf
Keywords: Competitiveness, Development, Economic crisis, Export, Gross domestic product (GDP), Import, Labour market, Konkurencyjność, Rozwój, Kryzys gospodarczy, Eksport, Produkt krajowy brutto (PKB), Import, Rynek pracy

For citation:

MLA Matysek-J&#drych, Anna. "Competitiveness and crisis - the case of the Baltic States economies." Economics and Business Review EBR 12.2 (): 49-73.
APA , (). Competitiveness and crisis - the case of the Baltic States economies. Economics and Business Review EBR 12(2), 49-73
ISO 690 MATYSEK-J&#DRYCH, Anna. Competitiveness and crisis - the case of the Baltic States economies. Economics and Business Review EBR, , 12.2: 49-73.