Are New EU Member States Improving Their Institutional Effectiveness for Global Knowledge-based Economy? TOPSIS Analysis for the Years 2000-2010
Adam Balcerzak () and
Michal Pietrzak ()
No 16/2014, Working Papers from Institute of Economic Research
The article is devoted to measuring the effectiveness of institutional systems of EU countries in terms of their relevance to the requirements of global knowledge-based economy. The main aim of the article is to evaluate the progress obtained by New Member States in the years 2000-2010. The empirical part is based on the modified TOPSIS method. Data from Fraser Institute has been used.
Keywords: institutional economics; effectiveness of institutional system; global knowledge-based economy; European Union; TOPSIS method (search for similar items in EconPapers)
JEL-codes: D02 O1 F6 C38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-knm
Date: 2014-10, Revised 2014-11
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Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2014:no16
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