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.
Keywords:
global competitiveness; multinational firm; correlation; clustering
Contact:
Inga Aleksandrovna Mezinova, Rostov State University of Economics, B. Sadovaya str., 69, of. 529, Rostov-on-Don, 344002, Russia, e-mail: dayainga@gmail.com
Date of online publishing:
08.01.2020
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