DETERMINANTS OF INTERNATIONAL COMPETITIVENESS: EVIDENCE FROM SELECTED OECD COUNTRIES
Keywords:International Competitiveness, RCA
This study aims to investigate determinants of export competitiveness. For this purpose, we take into RCA coefficient values as export competitiveness indicator. As determinate of competitiveness we take into GDP, openness, exchange rate, FDI and human capital. The paper cover time period from 1994 to 2017. Analysis is realized for OECD-18 countries. Time period and country group selected as data availability. At first, we have been looked into data set cross-section dependency and heterogeneous. After, we have been estimated models by AMG estimator which account for cross-section dependency and heterogenous. As result obtained from analysis, GDP and openness have mostly statistically significant but it has positive impact on just high-tech goods group competitiveness. Exchange rate have significant impact on just raw-intensive and hard imitable goods competitiveness, however, it has positive effect on hard imitable goods competitiveness. Other hands, FDI have significant and negative impact just on raw-intensive goods. At last, human capital just have significant impact just on labor-intensive goods competitiveness.
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