Alternative composite Lisbon development strategy indices
By: by Almas Heshmati, Jong-Eun Oh.
Contributors: Oh, Jong-Eun.
Series: Discussion paper ;; no. 1734; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1734
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Economic development.; Economic indicators.; Economic policy.
Description: "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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 9/7/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.