Determinants Of Competitiveness And Economic Governance: Some Evidence From The New EU Member States And Croatia

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Executive Summary

The issues of competitiveness and economic governance are very much interrelated notions as they reflect well the general level of efficiency of an economy as a whole and especially of an enterprise sector. In the EU context, two levels of economic governance do affect the level of country competitiveness: domestic economic governance mechanisms (policies and institutions) and the EU economic governance mechanisms for both member states and acceding countries such as Croatia. Apart from that, at the country level, macroeconomic and microeconomic governance mechanisms have a direct impact on both domestic and international economic competitiveness.

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