Acta Universitatis Danubius. Œconomica, Vol 15, No 2 (2019)

Abstract

Competitiveness at micro level is dependent on macroeconomic competitiveness and vice versa. SMEs in a poorly developed country do not have the power to compete in international markets, and a country can not achieve sustainable growth without competitive SMEs. This link justifies the European Union's efforts to support growth and sustainable development by maximizing the importance of SMEs in the economy.

Therefore, in this paper, we propose to conduct an analysis that addresses the issue of competitiveness from the perspective of macroeconomic stability and gross domestic product growth over a period of 17 years (January 1, 2000 - October 31, 2017), quarterly values. In other words, we want to see the impact of competitiveness, measured by the indicators: exchange rate, inflation, interest rate, unemployment rate, volume of imports and export volume, on the evolution of gross domestic product.