Benchmarking the Lisbon Strategy

Demosthenes Ioannou, Marien Ferdinandusse, Marco Lo Duca and Wouter Coussens

No 85, Occasional Paper Series from European Central Bank

Abstract: This paper reviews the governance framework of the Lisbon Strategy and discusses the specific option of increasing the role of benchmarking as a means of improving the implementation record of structural reforms in the European Union. Against this background, the paper puts forward a possible avenue for developing a strong form of quantitative benchmarking, namely ranking. The ranking methodology relies on the construction of a synthetic indicator using the "benefit of the doubt" approach, which acknowledges differences in emphasis among Member States with regard to structural reform priorities. The methodology is applied by using the structural indicators that have been commonly agreed by the governments of the Member States, but could also be used for ranking exercises on the basis of other indicators. JEL Classification: D02, P11, P16, C43, C61

Keywords: benchmarking; benefit of the doubt weighting; economic governance; Lisbon Strategy (search for similar items in EconPapers)
Date: 2008-06
Note: 1056819
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbops:200885

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