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.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 3198
- Classification
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Wirtschaft
Index Numbers and Aggregation; Leading indicators
- Subject
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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)
- Event
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Geistige Schöpfung
- (who)
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Tausch, Arno
Heshmati, Almas
Bajalan, Chemen S.J.
- Event
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Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
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2007
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Tausch, Arno
- Heshmati, Almas
- Bajalan, Chemen S.J.
- Institute for the Study of Labor (IZA)
Time of origin
- 2007