The 2006 Spring European Council assessed the competitiveness of the European Union, according to the so-called “Lisbon Strategy” started in 2000. The complexity of the Lisbon Strategy, and its poor results after five years since its implementation, required a renewed commitment, thus the EU leaders endorsed a streamlined approach by which each of the 25 Member States prepared a National Reform Programme covering, for a three-year period, all the relevant policy areas according to a set of guidelines. Even though very few months were dedicated to prepare National Reform Programmes and still few months passed for the first Commission assessment, in this paper we assess whether the seven major Member States are on the right way towards the strengthening of a knowledge-based economy. We do it by “measuring” the gap between the current situation in our sample of MSs and the effective commitment expressed in the respective NRPs. Notwithstanding positive signals, structural differences among Member States still matter and “expensive” reforms are difficult in a period of slow growth and fiscal constraints.
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Paper provided by ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy in its series ISLA Working Papers with number
25.
Length: 28 pages Date of creation: Jul 2006 Date of revision:
Jul 2006 Handle: RePEc:slp:islawp:islawp25
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Find related papers by JEL classification: J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism