A MODEL FOR MEASURING THE IMPACT OF PRODUCTIVITY AND QUALITY OF LIFE ON NATIONAL COMPETITIVENESS
Keywords:Competitiveness, World Economic Forum, Verification, quality of life, labor productivity, correlation and regression analysis
There is a certain consensus in the economic literature about the problems of the competitiveness of countries in the global economy – factor productivity determines the country’s competitiveness, its growth rates and the quality of life of the population. The purpose of this work is to create an economic-mathematical model, which describes the relationship between the level of national competitiveness, the labor productivity and the quality of life. At the first stage of investigation, based on the data taken from the World Economic Forum reports (2010-2018 period) we verified the hypothesis of the presence of a direct (statistically significant) relationship between the studied indicators, using the methods of economic and mathematical modeling. The second stage of the study involves the creation of a mathematical and economic model, which makes it possible to determine the direction of the dependence identified and the extent to which the factors studied have influenced national competitiveness
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