Economic and Technological Aspects of the European Competitiveness: A Multicriteria Approach

C. Zopounidis () and F. Voulgaris
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C. Zopounidis: Technical University of Crete, University Campus, Postal: Technical University of Crete, Dept. of Production Engineering, and Management, Financial Engineering Laboratory, University Campus, 73100 Chania, Greece
F. Voulgaris: Technological Educational Institute of Crete, Heraklion

Journal of Economic Integration, 2004, vol. 19, 690-703

Abstract:

Competitiveness constitutes a primary goal of each country for the accomplishment of its economic and technological targets. The evaluation of competitiveness is considered as a major problem that has risen during the last years due to the globalization and the rapid changes in the socio-economic and technological environment. Therefore, it is interesting to investigate the economic and technological aspects of the competitiveness of the European countries. The present study uses a sample of 14 countries-members of the European Union, as well as United States and Japan for comparison reasons. Taking into consideration several technological and economic indicators and using data from a recent study of the European Committee, this paper presents the evaluation of the competitiveness of the countries using a multicriteria ranking methodology (the PROMETHEE II method). The results of this paper contribute to the determination of the most and least competitive as well as technologically developed countries.

Keywords: competitiveness; technological innovation; multicriteria decision aid (search for similar items in EconPapers)
JEL-codes: C65 N24 O31 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0285

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