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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

Abstract: 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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Handle: RePEc:pes:wpaper:2014:no16