On the multivariate analysis of the Lisbon process

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 3198

Classification and Topics

• 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)

Contributors, Places and Time

• 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

Further information

• Handle: http://hdl.handle.net/10419/34402
• Last update: 10.03.2025, 11:42 AM CET