The optimization of country’s competitiveness change

Giedrė Rakauskienė, Rima Tamošiūnienė

Abstract


Currently, different countries are seeking for effective decisions how to increase and maintain high national competitiveness. Considerable financial resources are allocated for implementation of means created to promote competitiveness. The limitation of financial resources requires effective use solutions. This paper presents the model to solve the task of optimal financial resources allocation among the competitiveness factors. The model is prepared using stochastic programming approach. In order to verify practical acceptability of the suggested model, the empirical research is performed on Lithuania’s case.

Keywords


country’s competitiveness; factors of country’s competitiveness; financial resources; optimization; stochastic programming

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DOI: http://dx.doi.org/10.13165/VSE-13-3-2-03

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"Business Systems & Economics" ISSN online 2029-8234