Table A1. Components of national...

Table A1.

Components of national competitiveness

Components	Sub-components	Loading factor
Factor conditions	Ease of access to loan	0.816
(α = 0.976)	Financing through local equity market	0.780
	Financial market sophistication	0.864
	Venture capital availability	0.888
	Staff training	0.908
	Quality of management school	0.793
	Tertiary school enrollment	0.633
	Quality of infrastructure	0.920
	Quality of port infrastructure	0.854
	Quality of railroads	0.826
	Quality of roads	0.856
	Computers per 100 population	0.696
	Quality of telephone infrastructure	0.844
	Company spending on R&D	0.915
	Capacity of innovation	0.900
	University-industry research collaboration	0.940
	Quality of scientific research institutions	0.889
	Firm-level technology absorption	0.855
Demand conditions	Buyer sophistication	0.927
(α = 0.836)	Degree of customer orientation	0.927
Supporting industries	Control of international distribution	0.904
(α = 0.931)	Production process sophistication	0.916
	Local supplier quality	0.940
	Local supplier quantity	0.880
Strategy, structure, rivalry	Effectiveness of anti-monopoly policy	0.893
(α = 0.910)	Efficacy of corporate board	0.803
	Intensity of local competition	0.811
	Strength of auditing and reporting standards	0.918
	Restriction of capital flows	0.739
	Prevalence of trade barriers	0.815
Macroeconomic policy	Government surplus/deficit	0.570
(α = 0.598)	Inflation (reverse-coded)	0.811
	Interest rate spread (reverse-coded)	0.826
Social infra and political	Judicial independence	0.898
Institutions	Favoritism in decisions of government officials	0.923
(α = 0.954)	Wastefulness of government spending	0.844
	Public trust of politicians	0.946
	Organized crime	0.785
	Intellectual property protection	0.874
	Reliability of police services	0.919

Components	Sub-components	Loading factor
Factor conditions	Ease of access to loan	0.816
(α = 0.976)	Financing through local equity market	0.780
	Financial market sophistication	0.864
	Venture capital availability	0.888
	Staff training	0.908
	Quality of management school	0.793
	Tertiary school enrollment	0.633
	Quality of infrastructure	0.920
	Quality of port infrastructure	0.854
	Quality of railroads	0.826
	Quality of roads	0.856
	Computers per 100 population	0.696
	Quality of telephone infrastructure	0.844
	Company spending on R&D	0.915
	Capacity of innovation	0.900
	University-industry research collaboration	0.940
	Quality of scientific research institutions	0.889
	Firm-level technology absorption	0.855
Demand conditions	Buyer sophistication	0.927
(α = 0.836)	Degree of customer orientation	0.927
Supporting industries	Control of international distribution	0.904
(α = 0.931)	Production process sophistication	0.916
	Local supplier quality	0.940
	Local supplier quantity	0.880
Strategy, structure, rivalry	Effectiveness of anti-monopoly policy	0.893
(α = 0.910)	Efficacy of corporate board	0.803
	Intensity of local competition	0.811
	Strength of auditing and reporting standards	0.918
	Restriction of capital flows	0.739
	Prevalence of trade barriers	0.815
Macroeconomic policy	Government surplus/deficit	0.570
(α = 0.598)	Inflation (reverse-coded)	0.811
	Interest rate spread (reverse-coded)	0.826
Social infra and political	Judicial independence	0.898
Institutions	Favoritism in decisions of government officials	0.923
(α = 0.954)	Wastefulness of government spending	0.844
	Public trust of politicians	0.946
	Organized crime	0.785
	Intellectual property protection	0.874
	Reliability of police services	0.919

Source(s): Authors’ own work

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