Why do two oil and gas rich countries differ in their competitiveness? A comparative study of Norway and Russia
Kokaurov, Nazar; Akpinar, Murat (2019)
Kokaurov, Nazar
Akpinar, Murat
Jyväskylän ammattikorkeakoulu
2019
All rights reserved. This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe202001293839
https://urn.fi/URN:NBN:fi-fe202001293839
Tiivistelmä
The aim of this research is to investigate the differences in the competitiveness of Norway and Russia, two oil and gas rich countries, with the aid of the global competitiveness index 4.0 framework. Results show that the differences arise in the areas of institutions, innovation capability, financial system, labour market, and skills, which are influenced to a certain extent by variations in government policies and national cultures. Findings of this very first comparative competitiveness study of Norway and Russia support the argument that natural resources are not by themselves sufficient to create competitiveness, and they provide suggestions for Russian policymakers in order to improve Russia’s competitiveness.