Economic Competitiveness Index [OPEN | MT]
Posted: Sat Jul 31, 2021 2:42 pmEnglish មំមវំា
NATIONAL PORTAL
EMPIRE of the IVORY COASTS
"កាពពភ័ ញពឞ័ ។"
Economic competitiveness index
Measuring the ability of countries' ability to productively use available resources.
About
The Economic Competitiveness Report (ECR) is a yearly report published by the Bureau of Statistics of the Empire of the Ivory Coasts. It has just been recently established in 2019. The Economic Competitiveness Report integrates both the macroeconomic, microeconomic, and business aspects of competitiveness into the Economic Competitiveness Index, which the Economic Competitiveness Report gathers its data from. The ECR is additionally made up of 44 variables, which are in turn organized into five indexes which represent an area considered as an important determinant of competitiveness.
Economic competitiveness is defined by the ECR as the "set of institutions, policies, and factors that determine the level of productivity of a country" (World Economic Forum). This productivity, in turn, leads to growth of income levels and ultimately, the well-being of an economy's workers. A competitive economy promotes sustainable and inclusive growth, meaning more likelihood that everyone in society will benefit form the fruits of economic growth.
The Economic Competitiveness Index is made up of 44 variables, which are in turn organized into five indexes which represent an area considered as an important determinant of competitiveness. These variables will be added up together in accordance with their own index. Finally, all indexes will be added up together in order to achieve final scores. These scores will be arranged in order after being calculated.
Economic competitiveness is defined by the ECR as the "set of institutions, policies, and factors that determine the level of productivity of a country" (World Economic Forum). This productivity, in turn, leads to growth of income levels and ultimately, the well-being of an economy's workers. A competitive economy promotes sustainable and inclusive growth, meaning more likelihood that everyone in society will benefit form the fruits of economic growth.
The Economic Competitiveness Index is made up of 44 variables, which are in turn organized into five indexes which represent an area considered as an important determinant of competitiveness. These variables will be added up together in accordance with their own index. Finally, all indexes will be added up together in order to achieve final scores. These scores will be arranged in order after being calculated.
Index
- Code: Select all
[size=1]Tip: there are some real-life statistics on the Calculations section under the "How the questions work" spoiler.[/size]
[spoiler=Economic Competitiveness Index][size=130]Basic info[/size]
[b]Official name:[/b]
[b]Population:[/b]
[b]GDP (PPP):[/b]
[b]GDP per capita (PPP; GDP [PPP] ÷ population)[/b]
[b]What considerations should be taken about this country?[/b]
[size=130]Institutions[/size]
[b]% of GDP spent on defense & security[/b]
[b]What is the homicide rate per 100,000 persons?[/b]
[b]A gang attacks a group of customers in a restaurant downtown. On average, how quickly do police arrive?[/b] [size=1](0 [0 minutes] - ≥20 [20 minutes or greater][/size]
[b]Is there an independent judiciary?[/b]
[b]What % of your population feel corruption is a "serious problem?"[/b]
[b]How free is the press?[/b] [size=1]](1 [unfree]-10 [free])[/size]
[b]What is the range of corporate tax rates?[/b] [size=1](lowest tax rates - highest rates)[/size]
[b]How well-enforced are intellectual property laws?[/b] [size=1](0 [not at all]-10 [well-enforced])[/size]
[size=130]Infrastructure[/size]
[b]% of population connected by roads[/b] [size=1](including unpaved roads)[/size]
[b]What is the quality of roads in your country?[/b] [size=1](1-10 best)[/size]
[b]% of the population w/ access to electricity?[/b]
[b]How frequent are power outages?[/b] [size=1](0 [non-existent] - 10 [common])[/size]
[b]% of the population w/o access to safe drinking water:[/b]
[b]% of the working population as active Internet users:[/b]
[b]How fast is the Internet on average?[/b] [size=1](Mbit/sec)[/size]
[size=130]Education[/size]
[b]How many years of schooling must students undertake?[/b]
[b]What is the mean year of schooling?[/b]
[b]% of population by tertiary education attainment[/b]
[b]In exactly 2-10 sentences, describe your schools' style of teaching:[/b]
[b]To what extent does the working population possess basic digital skills[/b] [size=1](e.g: discerning frauds, not clicking on porn ads, computer skills; 1-10 best)[/size]
[b]Refer back to your style of teaching and rate it[/b] [size=1](1 [memorization-based] - 10 [focused on independent problem-solving skills][/size]
[size=130]Markets[/size]
[b]How monopolized is your market?[/b] [size=1](1 [dominated by one] - 20 [spread out among many businesses][/size]
[b]How competitive is the job market? How hard is it to get a job?[/b] [size=1](1-20 competitive)[/size]
[b]Are employer-employee relations generally confrontational or cooperative?[/b] [size=1](0 [confrontational] - 10 [cooperative])[/size]
[b]Are trade unions permitted?[/b]
[b]Are workers allowed to strike?[/b]
[b]How do employers hire people into senior management positions?[/b] [size=1](1 [through familial relations] - 10 [through qualifications])[/size]
[b]What % of your country's 1000 biggest companies were founded after 1990?[/b]
[size=130]Miscellaneous[/size]
[b]The services sector comprises what % of the GDP?[/b]
[b]How many patents were filed in 2019?[/b]
[b]% of the GDP spent on Research and Development:[/b]
[b]Do consumers buy based on lowest prices, or on performance attributes[/b] [size=1](1 [lowest prices] - 10 [performance attributes])[/size]
[b]What percentage of national wealth does the richest 1% possess?[/b]
[b]Additional info:[/b]
[/spoiler]
Calculations
As of right now, I have no idea how to calculate any of these answers. I don't even know if I'll calculate anyone considering how lazy I am. Anyways below is how the questionnaire will be calculated, as well as some statistics for difficult questions to put your answers into perspectives.
Rankings
| [spoiler=Highly competitive (>300)][/spoiler] | [spoiler=Competitive (200-300)][/spoiler] | [spoiler=Below competitive (100-200)]Ivory Coasts: 176.3[/spoiler] | [spoiler=Uncompetitive (<100)][/spoiler] |
Credit goes to Yohannes (CTE) for providing help and links in this post. You know what I posted an earlier version of this thread and didn't credit you, which was very selfish of me so I'm really sorry!! Also to the World Economic Forum and their Global Economic Competitiveness Report. They're also where I got most of the summary from. Further information can be seen here.
Share this page
Report a problem or mistake on this page