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This paper analyses the impact of international competitiveness on economic development, based on the World Economic Forum Global Competitiveness Index (GCI) and GDP/capita of 125 countries during the period 2007-2010. The results reveal two phases of the evolution of competitiveness. When GCI < 4.5 (on 1-7 scale), any improvement of a country’s competitiveness affects current development more...
The population ageing is usually measured by the proportion of the elderly people in the population HCR (i.e. persons at the age above a certain threshold z). That measure does not take account for the distribution of age among the elderly. It is sensitive only to changes in the size of the elderly population and the total population but it ignores the age distribution of the elderly also important...
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