Alternative Composite Lisbon Development Strategy Indices

Almas Heshmati () and Jong-Eun Oh ()
Additional contact information
Jong-Eun Oh: Seoul National University

No 1734, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This study addresses the measurement of two composite Lisbon strategy indices that quantifies the level and patterns of development for ranking countries. The first index is nonparametric labelled as Lisbon strategy index (LSI). It is composed of six components: general economics, employment, innovation research, economic reform, social cohesion and environment, each generated from a number of Lisbon indicators. LSI by reducing the complexity of the set of indicators, it makes the ranking procedures quite simple. The second and parametric index is based on principal component analysis. Despite the difference in the ranking by the two indices, it is shown that the United States outperformed most EU-member states. Our investigations also show evidence of significant dynamic changes taking place, as the countries of the Union struggle to achieve the Lisbon goals. The necessity of a real reform agenda in several old and new members and candidate countries emerges from our analysis.

Keywords: composite index; economic integration; economic development; Lisbon Agenda (search for similar items in EconPapers)
JEL-codes: C43 F15 O10 O57 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2005-09
New Economics Papers: this item is included in nep-dev, nep-eec and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published - published in: European Journal of Comparative Economics, 2006, 3(2), 133-170

Downloads: (external link)
https://docs.iza.org/dp1734.pdf (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:iza:izadps:dp1734

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().