WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 15, 2018
Relationship Between the Number of ISO 9001 Certifications and the National Economic Performance in Transitional Economies
Author: László Berényi
Abstract: The development of the quality approach and toolset has followed the economic challenges in the recent decades. The most popular management system standard, ISO 9001 has been continuously adjusted to the recent business challenges, so it has an important role in supporting the acceleration of corporate performance. Since some leading industries require the certification of the corporate quality management system, the number of certifications may be an important indicator. Comparing the trends of ISO 9001 applications and macroeconomic indicators demonstrates the applicability of this concept. The paper focuses on some selected transitional economies (Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia) those have an important role in European trade. There is a strong and significant correlation between the number of ISO 9001 certifications and GDP per capita, export, gross fixed capital formation indicators as well as HDI index. Nevertheless, development of the countries shows different patterns based on the export-orientation. Although the number of certifications alone cannot describe a comprehensive state of the economy, it can be a useful supplementary element of the measuring system.
Keywords: ISO 9001, quality management, certification, GDP, HDI, transitional economy
Pages: 99-112WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 15, 2018, Art. #12