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
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 3198

Classification
Wirtschaft
Index Numbers and Aggregation; Leading indicators
Subject
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
Geistige Schöpfung
(who)
Tausch, Arno
Heshmati, Almas
Bajalan, Chemen S.J.
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2007

Handle
Last update
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

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