Competitiveness and Labour Productivity in Context of Composite Indicators

Lenka Hudrlíková, Kristýna Vltavská
2013 Statistika: Statistics and Economy Journal  
The productivity measurement constitutes an important part of economic analysis. It is always connected to a competitiveness analysis of a country. Labour productivity represents one of the most suitable measurements for compiling the composite indicators which measure multidimensional concepts that single indicators are unable to capture. In the first part, this paper identifies global competitiveness index and global competitiveness index as two main competitiveness composite indicators.
more » ... that the methodological issues of composite indicators and labour productivity is discussed. Finally, using the regression analysis this paper investigates composite indicators along with the labour productivity of EU members in the period between the years 2010 and 2011 to identify whether the composite indicators are necessary in the competitiveness analyses.
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