Technological Potential of European Economy

Adam Balcerzak ()

No 33/2016, Working Papers from Institute of Economic Research

Abstract: The subject of the research is a technological potential of European Economies at macroeconomic level. The main aim of the article is to assess relative position and eventual progress in that sphere obtained by Central European economies that joined the European Union after the year 2004. Additional goal of the research is to verify usefulness of variables that can be used in measurement of technological potential at macroeconomic level in European economies with application of multiple criteria decision analysis methodology. In the research the phenomenon of technological potential was treated as a multivariate problem. Thus, in order to measure it the multiple criteria decision analysis approach based on the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) was applied. The research was conducted with application of Eurostat Data and diagnostic variables proposed for measurement of technological potential at macro level in European members states. It was done for the years 2008-2012. The applied procedure of verification of information value of potential diagnostic variables enabled to select six final diagnostic variables. The conducted research enabled to point the European leaders, which can be treated as benchmark countries and the source of good practices in the process of forming policy guidelines aiming at supporting technological development. The research showed significant progress obtained by some new European Union members states, which confirms modernization process of Central European economics.

Keywords: technological potential; multiple criteria decision analysis; TOPSIS; European Union (search for similar items in EconPapers)
JEL-codes: C30 C38 O14 (search for similar items in EconPapers)
Date: 2016-09, Revised 2016-09
New Economics Papers: this item is included in nep-ino
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.badania-gospodarcze.pl/images/Working_Papers/2016_No_33.pdf First version, 2016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2016:no33

Access Statistics for this paper

More papers in Working Papers from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ( this e-mail address is bad, please contact ).