Applying a Comprehensive Neo-Schumpeterian Approach to Europe and its Lisbon Agenda

Horst Hanusch () and Andreas Pyka
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Horst Hanusch: University of Augsburg, Department of Economics

No 286, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: The paper shows that Comprehensive Neo-Schumpeterian Economics (CNSE) is an adequate theoretical approach accompanying the enforcement of the aims of the Lisbon Agenda. The CNSE approach is based on the principle of innovation and the idea of future orientation penetrating all spheres of economics which can be summarized in three domains of economic life: industry, finance and public sector, the 3-pillars of CNSE. The CNSE approach is applied to an empirical study of 18 OECD countries using a three step procedure: In a first step country patterns of pillars are identified in a cluster analysis. This gives a fine grained picture of institutional and structural set-ups for the countries under study. In a second step within the pillar clusters a performance analysis is exercised in order to rank the countries. Because of the similarities of countries within a cluster this comparative analysis can be done whereas for countries belonging to different clusters this comparison would lead to wrong conclusions. In a final step as a crude representation of macro-economic performance the cluster composition is sorted by the average growth rates of the economies. This allows a first correlation of pillar composition and growth performance.

Keywords: Lisbon Agenda; Comprehensive Neo-Schumpeterian Economics; European Country Patterns; future-oriented indicator-based model (search for similar items in EconPapers)
JEL-codes: B52 G10 L2 O30 O40 P0 (search for similar items in EconPapers)
Date: 2006-07
New Economics Papers: this item is included in nep-eec and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Chapter: Applying a Comprehensive Neo-Schumpeterian Approach to Europe and Its Lisbon Agenda (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:aug:augsbe:0286

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