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Are New EU Member States Improving Their Institutional Effectiveness for Global Knowledge-based Economy? TOPSIS Analysis for the Years 2000-2010

Author

Listed:
  • Adam P. Balcerzak

    (Nicolaus Copernicus University, Poland)

  • Michal Bernard Pietrzak

Abstract

The article is devoted to measuring the effectiveness of institutional systems of EU countries in terms of their relevance to the requirements of global knowledge-based economy. The main aim of the article is to evaluate the progress obtained by New Member States in the years 2000-2010. The empirical part is based on the modified TOPSIS method. Data from Fraser Institute has been used.

Suggested Citation

  • Adam P. Balcerzak & Michal Bernard Pietrzak, 2014. "Are New EU Member States Improving Their Institutional Effectiveness for Global Knowledge-based Economy? TOPSIS Analysis for the Years 2000-2010," Working Papers 16/2014, Institute of Economic Research, revised Nov 2014.
    • Handle: RePEc:pes:wpaper:2014:no16
    as

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    File URL: http://www.badania-gospodarcze.pl/images/Working_Papers/2014_No_16.pdf
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    References listed on IDEAS

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    1. Buchanan, John & Chai, Dominic Heesang & Deakin, Simon, 2014. "Empirical analysis of legal institutions and institutional change: multiple-methods approaches and their application to corporate governance research," Journal of Institutional Economics, Cambridge University Press, vol. 10(1), pages 1-20, March.
    2. Andrew Atkeson & Patrick J. Kehoe, 2007. "Modeling the Transition to a New Economy: Lessons from Two Technological Revolutions," American Economic Review, American Economic Association, vol. 97(1), pages 64-88, March.
    3. Adam P. Balcerzak, 2013. "Institutional Integration in the Sphere of Business Infrastructure in the European Union in the Years 2000-2008," Journal of Reviews on Global Economics, Lifescience Global, vol. 2, pages 131-141.
    4. Scarpetta, Stefano & Tressel, Thierry, 2004. "Boosting productivity via innovation and adoption of new technologies : any role for labor market institutions?," Social Protection Discussion Papers and Notes 29144, The World Bank.
    5. Dani Rodrik, 2006. "Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank's Economic Growth in the 1990s: Learning from a Decade of Reform," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 973-987, December.
    6. Andrea Bassanini & Stefano Scarpetta & Philip Hemmings, 2001. "Economic Growth: The Role of Policies and Institutions: Panel Data. Evidence from OECD Countries," OECD Economics Department Working Papers 283, OECD Publishing.
    7. Andrea Bassanini & Stefano Scarpetta & Ignazio Visco, 2000. "Knowledge technology and economic growth: recent evidence from OECD countries," Working Paper Research 06, National Bank of Belgium.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Tomas Meluzin & Marek Zinecker, 2016. "Trends In Ipos: The Evidence From Cee Capital Markets," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(2), pages 327-341, June.
    2. Michal Bernard Pietrzak & Adam P. Balcerzak, 2016. "Quality of Human Capital and Total Factor Productivity in New European Union Members States," Working Papers 23/2016, Institute of Economic Research, revised May 2016.
    3. Adam P. Balcerzak & Michal Bernard Pietrzak, 2016. "Dynamic Panel Analysis of Influence of Quality of Human Capital on Total Factor Productivity in Old European Union Countries," Working Papers 19/2016, Institute of Economic Research, revised May 2016.
    4. Rukhsana Kalim & Noman Arshed & Waqas Ahmad, 2021. "Aligning the Real Sector Production with Human Development: Exploring Role of Multi-sector Collaboration," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 157(3), pages 955-976, October.
    5. Adam P. Balcerzak & Michał Bernard Pietrzak, 2015. "Quality of Institutions for Global Knowledge-based Economy and Convergence Process in the European Union," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 42.

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    More about this item

    Keywords

    institutional economics; effectiveness of institutional system; global knowledge-based economy; European Union; TOPSIS method;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F6 - International Economics - - Economic Impacts of Globalization
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis

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