Arbeitspapier

On the multivariate analysis of the Lisbon process

Starting from Professor Kornai's assertion about the necessity to focus on the long-term perspectives of the transformation process, we analyze in this paper the Lisbon performance of the countries of the European Union from such a long-term, structural perspective. We present in a simple form the mathematical methods used in this essay. Then, we analyze Lisbon indicator performance by factor analytical means. We conclude that only a Schumpeterian vision of capitalism as a process of creative destruction - or rather - destructive creation can explain these contradictions, which we empirically reveal in this analysis, and which beset the Lisbon process from the very beginning. Our factor analysis tells us that a majority of the kernel Lisbon indicators go indeed hand in hand with high comparative price levels; high freight transport; high greenhouse gas emissions; low business investment rates; and low youth educational attainment rates. We conclude that in reality we are facing four underlying and contradictory processes including a Lisbon productivity factor; high eco-social exclusion; the employment performance; and the neo-liberal European model.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 3198

Klassifikation
Wirtschaft
Index Numbers and Aggregation; Leading indicators
Thema
Index numbers and aggregation
cross-sectional models
spatial models
economic integration
regional economic activity
international factor movements
international business
international relations
international political economy
Wirtschaftliche Anpassung
Entwicklungskonvergenz
Lissabon Strategie
Wirtschaftswachstum
Internationaler Wettbewerb
EU-Staaten
EU-Staaten (Osteuropa)

Ereignis
Geistige Schöpfung
(wer)
Tausch, Arno
Heshmati, Almas
Bajalan, Chemen S.J.
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2007

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Tausch, Arno
  • Heshmati, Almas
  • Bajalan, Chemen S.J.
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2007

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