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Applying a Comprehensive Neo-Schumpeterian Approach to Europe and its Lisbon Agenda

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Abstract

The paper shows that Comprehensive Neo-Schumpeterian Economics (CNSE) is an adequate theoretical approach accompanying the enforcement of the aims of the Lisbon Agenda. The CNSE approach is based on the principle of innovation and the idea of future orientation penetrating all spheres of economics which can be summarized in three domains of economic life: industry, finance and public sector, the 3-pillars of CNSE. The CNSE approach is applied to an empirical study of 18 OECD countries using a three step procedure: In a first step country patterns of pillars are identified in a cluster analysis. This gives a fine grained picture of institutional and structural set-ups for the countries under study. In a second step within the pillar clusters a performance analysis is exercised in order to rank the countries. Because of the similarities of countries within a cluster this comparative analysis can be done whereas for countries belonging to different clusters this comparison would lead to wrong conclusions. In a final step as a crude representation of macro-economic performance the cluster composition is sorted by the average growth rates of the economies. This allows a first correlation of pillar composition and growth performance.

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  • Horst Hanusch & Andreas Pyka, 2006. "Applying a Comprehensive Neo-Schumpeterian Approach to Europe and its Lisbon Agenda," Discussion Paper Series 286, Universitaet Augsburg, Institute for Economics.
    • Handle: RePEc:aug:augsbe:0286
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    File URL: https://vwl.wiwi.uni-augsburg.de/vwl/institut/paper/286.pdf
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    1. Markus Balzat & Andreas Pyka, 2005. "Mapping National Innovation Systems in the OECD Area," Discussion Paper Series 279, Universitaet Augsburg, Institute for Economics.
    2. Kurt Dopfer & John Foster & Jason Potts, 2004. "Micro-meso-macro," Journal of Evolutionary Economics, Springer, vol. 14(3), pages 263-279, July.
    3. Horst Hanusch & Andreas Pyka, 2007. "Principles of Neo-Schumpeterian Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(2), pages 275-289, March.
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    1. Harold Paredes-Frigolett & Andreas Pyka, 2022. "The global stakeholder capitalism model of digital platforms and its implications for strategy and innovation from a Schumpeterian perspective," Journal of Evolutionary Economics, Springer, vol. 32(2), pages 463-500, April.
    2. Hartmann, Dominik & Pyka, Andreas & Hanusch, Horst, 2010. "Applying Comprehensive Neo-Schumpeterian Economics to Latin American Economies," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 70-83, March.
    3. Paredes-Frigolett, Harold & Pyka, Andreas & Leoneti, Alexandre Bevilacqua, 2021. "On the performance and strategy of innovation systems: A multicriteria group decision analysis approach," Technology in Society, Elsevier, vol. 67(C).
    4. Paredes-Frigolett, Harold & Pyka, Andreas & Pereira, Javier & Gomes, Luiz Flávio Autran Monteiro, 2014. "Ranking the performance of national innovation systems in the Iberian Peninsula and Latin America from a neo-Schumpeterian economics perspective," FZID Discussion Papers 95-2014, University of Hohenheim, Center for Research on Innovation and Services (FZID).

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    More about this item

    Keywords

    Lisbon Agenda; Comprehensive Neo-Schumpeterian Economics; European Country Patterns; future-oriented indicator-based model;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • P0 - Political Economy and Comparative Economic Systems - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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