Alternative composite Lisbon development strategy indices

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 1734

Classification and Topics

• Classification: Wirtschaft ; Economic Development: General ; Index Numbers and Aggregation; Leading indicators ; Economic Integration ; Comparative Studies of Countries
• Subject: economic development ; economic integration ; composite index ; Lisbon Agenda

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Heshmati, Almas ; Oh, Jong-Eun
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/33542
• Last update: 10.03.2025, 11:42 AM CET