@techreport{delgado_determinants_2012,
	type = {Working {Paper}},
	title = {The {Determinants} of {National} {Competitiveness}},
	url = {http://www.nber.org/papers/w18249},
	abstract = {We define foundational competitiveness as the expected level of output per working-age individual that is supported by the overall quality of a country as a place to do business. The focus on output per potential worker, a broader measure of national productivity than output per current worker, reflects the dual role of workforce participation and output per worker in determining a nation's standard of living. Our framework highlights three broad and interrelated drivers of foundational competitiveness: social infrastructure and political institutions, monetary and fiscal policy, and the microeconomic environment. We estimate this framework using multiple data sets covering more than 130 countries over the 2001-2008 period. We find a positive and separate influence of each driver on output per potential worker. The microeconomic environment has a positive effect on output per potential worker even after controlling for historical legacies. Using our framework we define a new concept, global investment attractiveness, which is the cost of factor inputs relative to a country's competitiveness. This analysis reveals important insight into the economic trajectory of individual countries. Our framework also offers a novel methodology for the estimation of a theoretically grounded and empirically validated measure of national competitiveness.},
	number = {18249},
	urldate = {2016-05-14},
	institution = {National Bureau of Economic Research},
	author = {Delgado, Mercedes and Ketels, Christian and Porter, Michael E. and Stern, Scott},
	month = jul,
	year = {2012},
	file = {NBER Full Text PDF:files/54619/Delgado et al. - 2012 - The Determinants of National Competitiveness.pdf:application/pdf}
}

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