Open AccessThe Relationship between the Country‘s Global Competitiveness and its National MNEs
Author(s) -
Inga A. Mezinova,
Janetta Benikovna Amirkhanyan,
Oleg Valerjevich Bodiagin,
Milena Balanova
Publication year - 2019
Publication title -
visegrad journal on bioeconomy and sustainable development
Language(s) - English
Resource type - Journals
eISSN - 1339-3367
pISSN - 1338-8339
DOI - 10.2478/vjbsd-2019-0017
Subject(s) - multinational corporation , index (typography) , variance (accounting) , business , multilevel model , economic geography , international trade , foreign direct investment , economics , macroeconomics , accounting , finance , machine learning , world wide web , computer science
The main purpose of this paper is to study the influence of home-multinational enterprises on country global competitiveness and to determine how this influence changes with the stage of country competitiveness. Based on the regression model, Variance Inflation Factor test and Agglomerative Hierarchical Clustering method, we analyzed the WEF Global Competitiveness Index 2017–2018 of those countries whose multinational firms were included into the Forbes Global 2000 list of 2017. The findings highlighted the important role of home-MNEs as determinants of countries‘ competitiveness, however MNE-related contribution of different pillars and components of the Global Competitiveness Index vary, depending on the stage of competitiveness of the studied 58 countries.