Analysing the Influence of Logistics, Corruption, FDI and GDP on Global Competitiveness: a Cross-Sectional Study

This ground-breaking research investigates the impact of the logistics performance index (LPI), corruption perception index (CPI), foreign direct investment (FDI), and per capita gross domestic product (PGDP) on the global competitiveness index (GCI). This research is motivated by the willingness to...

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Bibliographic Details
Published in:Journal of the knowledge economy 2023-12, Vol.15 (3), p.13532-13551
Main Authors: Kalansuriya, Naduni, De Silva, Shara, Perera, Nishen, Wanigarathna, Banuli, Jayathilaka, Ruwan, Paranavitana, Parami, Arachchige, Saliya C.
Format: Article
Language:English
Subjects:
Artificial intelligence
Competitive intelligence
Corporate governance
Economic Policy
Economics
Economics and Finance
Entrepreneurship
Financial literacy
Foreign investment
Gender pay gap
Knowledge economy
R & D/Technology Policy
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Summary:This ground-breaking research investigates the impact of the logistics performance index (LPI), corruption perception index (CPI), foreign direct investment (FDI), and per capita gross domestic product (PGDP) on the global competitiveness index (GCI). This research is motivated by the willingness to uncover the collective impact of the considered independent variables that strengthen the global competitiveness of countries in the world region. Using cross-sectional data from 110 countries in 2018, the study employed the forward stepwise technique of Ordered Probit Regression Model to analyse the impact of aforementioned variables towards the categorised levels of GCI unveiling varying impacts on high, moderate and low-ranked nations. The research findings revealed that logistic performance, FDI and PGDP significantly contribute to global competitiveness, while the impact of CPI deemed insignificant. This research will contribute to the existing literature by providing theoretical and empirical insights into decision-making processes related to global competitiveness. Furthermore, the results will offer valuable information to policymakers and regulatory authorities seeking to enhance competitiveness on a global scale.
ISSN:1868-7873
1868-7865
1868-7873
DOI:10.1007/s13132-023-01615-z