The World Economic Forum (WEF) defines competitiveness as “the set of institutions, policies, and factors that determine the level of productivity of a country” (WEF, 2015, p. 4). A competitive location offers efficient opportunities and assets, allowing firms to achieve a high level of productivity (Porter, 2008, p. 176). The higher the competitiveness of a location, the more attractive it is as a business location. The attractiveness of a specific location will induce a concentration of enterprises and therefore economic activities within its boundaries. Domestic firms will grow, new firms will be created, and foreign firms ...