Abstract
The concept of competitiveness and its drivers has drawn increasing attention in recent years. Global Competitiveness Index (GCI), as one of the measurements of this phenomenon, consist of 12 pillars which are determining the level of national competitiveness. This study aims to explore the linkage between Labour market (LM) and Business dynamism (BD) as two pillars of GCI 2019 in case of 34 European countries (28 European Union (EU) member states and 6 candidate countries). Canonical correlation analysis was employed for analyzing the relationship between these two sets of sub-indexes. The results indicate that there is a positive and statistically significant relationship between these two variables.
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