Index for measuring of competitiveness in Colombia
Abstract
This research presents a methodology for the construction of a composite index to measure competitiveness as a factor for economic growth in Colombia, from competitiveness models by Michel Porter and the work of Cho and Moon. Current rates have shortcomings in construction, from the theory or the statistical management. That is why a factor analysis was developed, a statistical tool that allows an objective construction, avoiding mistakes from including subjectivity in the weighting and aggregation of variables. Also, the use of hard data provides greater reliability to the research. Thanks to this construction the efforts of the country to improve competitiveness supported by macroeconomic stability were evident, nevertheless; lagging behind due to the safety and health belonging to the institutions. The results are consistent with the recommendations of the economic studies presented by the Organization for Economic Co-operation and Development - Colombia.
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