Emerging economies’ institutional quality and international competitiveness: A PLS-SEM approach

Ricardo E. Buitrago R. , María Inés Barbosa Camargo, Favio Cala Vitery

Research output: Contribution to journalArticlepeer-review

Abstract

The home country’s institutional framework determines the capacity to compete in the global arena. This paper discusses the linkage between institutional quality (IQ) and international com-petitiveness (IC). We measured institutions’ quality in emerging economies through the use of se-lected indicators between 2007–2017. To evaluate the proposed IQ constructs and their relation-ship with IC, we applied partial least squares – structural equation modeling (PLS-SEM) analy-sis. The model outcomes suggest that political and lack of systemic conditions have a significant and negative effect on international competitiveness, while science, technology, engineering and mathematics( STEM) resource conditions have a significant and positive effect.
Translated title of the contributionCalidad institucional y competitividad internacional de las economías emergentes: Un enfoque PLS-SEM
Original languageEnglish
JournalMathematics
StatePublished - Apr 22 2021

All Science Journal Classification (ASJC) codes

  • Modeling and Simulation
  • Economics, Econometrics and Finance(all)

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