The Relationship between “Labor Market Efficiency” and “Business Sophistication” in Global Competitiveness

Seyed Mahdi Vesal, Mohsen Nazari, Mostafa Hosseinzadeh, Reza Shamsoddsini, Khaled Nawaser

Abstract


The concept of competitiveness has considered by many researchers and governments over the last decade and
many studies have been done about this subject. At the same time since 1979, World Economic Forum (WEF) has
published annual Global Competitiveness Reports for enabling national economies to achieve sustained
economic growth and long-term prosperity. The main objective of this research is survey of interactions between
"labor market efficiency" and "business sophistication", from set of indices of global competitiveness among 142
countries surveyed by the World Economic Forum in 2011 to present data for improving national competitiveness
among different countries around the world. Present study is practical and its method is "secondary analysis" and
"descriptive - analytic". Time horizon considered in this study is "Cross-sectional" and to answer research
questions "Canonical Correlation Analysis" was used. The results illustrates that there is a positive and significant
relation between the sub-indices of "labor market efficiency" and "business sophistication".


Full Text: PDF DOI: 10.5539/ijbm.v8n13p83

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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