An Institutional, Social and Economic Performance Index (ISEPI) with an application to the European Neighbourhood Policy

Jordi López-Tamayo, Raul Ramos and Jordi Suriñach

No 201423, IREA Working Papers from University of Barcelona, Research Institute of Applied Economics

Abstract: In this paper we design and build a composite indicator to measure the macroeconomic, social and institutional dimensions of countries (ISEPI). The index allows not only comparing the relative situation of countries, but also its time evolution. In order to illustrate the usefulness of the index, we analyse the effects of the European Neighbourhood Policy in EU-Neighbouring Countries during the last decade. The obtained results show that ENP has had different effects according to the considered dimensions and that the evolution of neighbouring countries is quite heterogeneous taking into account their recent institutional and economic performance. From a policy perspective, these results reinforce the validity of the bilateral action plans that have characterized ENP recognising the different starting point and particular characteristics of each neighbouring country.

Keywords: Social indicators; Economic performance; Institutional quality; European neighbourhood policy. JEL classification: C43; F62; O43 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2014-10, Revised 2014-10
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Citations: View citations in EconPapers (1)

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Working Paper: An Institutional, Social and Economic Performance Index (ISEPI) with an application to the European Neighborhood Policy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ira:wpaper:201423

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