The Relationship Between the Country‘s Global Competitiveness and Its National Mnes

Inga Aleksandrovna Mezinova, Janetta Benikovna Amirkhanyan, Oleg Valerjevich Bodiagin, Milena Miroslavovna Balanova

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.

global competitiveness; multinational firm; correlation; clustering

Inga Aleksandrovna Mezinova, Rostov State University of Economics, B. Sadovaya str., 69, of. 529, Rostov-on-Don, 344002, Russia, e-mail:

Date of online publishing: 

Dr.h.c. Prof. Ing. Peter Bielik, PhD.
tel: +421376415518

Liaison Officer
Prof. Dr. Ing. Elena Horská
tel: +421376415522

Secretary General
Mgr. Vladislav Valach
tel: +421376415545

Postal address

Slovak University of Agriculture in Nitra                                                        
Visegrad University Association
Foreign Relations and International Programmes Office
Tr. Andreja Hlinku 2
949 76  Nitra