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Sustainability 2017, 9(7), 1230; doi:10.3390/su9071230

Measuring Sustainable Competitiveness in Contemporary Economies—Insights from European Economy

1
Department of Finance and Banking, Dimitrie Cantemir Christian University, Bucharest 030134, Romania
2
Business Administration, Petroleum-Gas University of Ploiesti, Ploiesti 100680, Romania
3
Business Administration, Bucharest University of Economic Study, Bucharest 010374, Romania
*
Author to whom correspondence should be addressed.
Received: 26 February 2017 / Revised: 7 July 2017 / Accepted: 10 July 2017 / Published: 13 July 2017
(This article belongs to the Special Issue Resilient Economics and the Regional Sustainable Economic Growth)
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Abstract

The recent transformation of the national economies has raised numerous theoretical and practical aspects in measuring economic growth, welfare, environmental performance, and competitiveness, representing a challenging research topic within the context of economic paradigm transformation. Despite its importance, a fully operational model to be used in any context has not yet been designed. The main aim of this paper is to evaluate and analyze the macroeconomic dimension of the three determinants of sustainable competitiveness: the economic environment, the social environment, and the natural environment, at both the European and Romanian levels. This paper used the Hierarchical Clustering methodology, aiming at evaluating the global competitiveness in terms of a sustainable development model, using four indices: Human Development Index, Environmental Performance Index, Global Competitiveness Index, and GDP per capita. The clusters were designed on the basis of the role of the indices in assessment of the sustainable performances of the countries and also of the possible convergences between them. The results could sustain the conclusion that these indices are not able to offer an exhaustive image of the sustainable performances assessment. A new complex indicator could be considered in order to design a convergence model for the EU member states. View Full-Text
Keywords: sustainable development; sustainable competitiveness; environmental performance; economic growth; global competitiveness; human welfare sustainable development; sustainable competitiveness; environmental performance; economic growth; global competitiveness; human welfare
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MDPI and ACS Style

Popescu, G.H.; Sima, V.; Nica, E.; Gheorghe, I.G. Measuring Sustainable Competitiveness in Contemporary Economies—Insights from European Economy. Sustainability 2017, 9, 1230.

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