COMPARISON OF METHODOLOGIES FOR MEASURING NATIONAL COMPETITIVENESS - COMPETITIVE POSITION OF CROATIAN ECONOMY

In this paper authors analyze different methodologies for measuring national competitiveness. The relationship between so called hard and soft indicators of national competitiveness is explored in-depth. Competitive position of Croatian economy is evaluated from the perspective of different methodologies. Concluding remarks with high certainty point to the conclusion that Global Competitiveness Index published by WEF captures the progress in transition economies in the most unbiased way. EBRD methodology ranks the second, while World Bank methodology Doing Business doesn’t establish firm correlation between soft indicators based on perception and hard statistical indicators.