International Journal of Competitiveness (3 papers in press)
Competition, trade openness and economic growth: Time series evidence from Nigeria
by Umar Muhammad Bello, Theresa Onaji-Benson
Abstract: This paper investigates the relationship among competition, trade and economic growth in Nigeria over the period 1981 to 2015, using quarterly dataset, while controlling for financial development and institutions. Johansens cointegration approach and Vector Error Correction Model (VECM) served as the methods of analyses. The results indicate that, in the absence of strong institutions, trade openness is more beneficial to growth than competition. While in the presence of strong institutions, competition is more beneficial to economic growth than trade openness. This suggests that within the Nigerian context competition and trade openness are substitutes for promoting economic growth.
Keywords: Competition; Trade openness; Economic Growth; Cointegration; VECM.
Development, competitiveness and institutional modernization: Towards a new approach to the Greek crisis
by Charis Vlados, Demosthenes Chatzinikolaou, Michail Demertzis
Abstract: The crisis of the Greek socioeconomic system has been unfolding for over a decade now. Many of its aspects have been highlighted and studied in the international literature, but, in most of these approaches, a lack of a complete, evolutionary perspective wasnt avoided.rnIn this paper, we approach the Greek crisis and its evolution in the recent years by reviewing the relevant international literature and by proposing a theoretical re-focusing for a more effective, structural economic policy. In particular, we try to counter-propose a coherent examination of the mutually dependent aspects of the Greek crisis, by focusing on the synthesis of the dimensions of development, of competitiveness and of institutional modernization of the Greek socioeconomic system, within the current restructuring phase of globalization.rn
Keywords: Systemic socioeconomic crisis; Greek crisis; evolutionary economics and development; competitiveness; institutional modernization; globalization restructuring.
Can the circular economy be transposed into the EU defence sector? The case of the Dutch Ministry of Defence and a roadmap
by Giorgos Dimitriou
Abstract: Policymakers and governments have a longstanding role in the economic stability, societal well-being, and security of a nation. With the adoption of multiple legislative measures since the 1990s, the EU has accepted greater responsibility in sustainability and resource productivity to its member states, beginning with the 1994 Directive on Packaging and Packaging Waste to the energy and climate targets of Europe 2020. In November 2016, the EU Commission took another step forward with the European Defence Action Plan, which includes a provision to introduce and transpose circular economy principles into the defence sector. The circular economy is a resource-oriented economic model that, starting from the ideation stage, focuses on efficiency through restorative and regenerative design and structure. The objective of the circular economy is to keep products, components, and materials circulating in active production and consumption chains for as long as possible, thus preserving and extracting additional value by extending the life cycle of all material units, parts, and particles. rn
Keywords: Defense; Competitiveness; Circular Economy.