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Delegation in Inconsistency : the 'Lisbon Strategy' Record an an Institutional Failure

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Author Info

  • Eloi Laurent

    (OFCE)

  • Jérôme Creel

    (OFCE)

  • Jacques Le Cacheux

    (OFCE)

Abstract

In this paper, we develop an analysis of the reasons for the apparent failure of the “Lisbon strategy” (2000) so far. After having made the general case for a comprehensive “institutionalist perspective” on the European economy, we first try to formalise the objectives of “Lisbon” in order to present a mid-term review of the results attained. Since we find, like many others, that too little has been achieved, we then offer some possible explanations. Apart from an inconsistency problem between the different objectives set, we argue that the major reason for this failure appears to lie in the contradiction between the EU macroeconomic policy framework, based on the logic of delegation of power and control to independent authorities with conservative objectives, and the proactive policies required by the “Lisbon strategy”, which objectives the EU member states eventually find themselves accountable for (not) achieving individually.

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Bibliographic Info

Paper provided by Sciences Po in its series Sciences Po publications with number 2005-07.

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Date of creation: Jun 2005
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Handle: RePEc:spo:wpmain:info:hdl:2441/2301

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References

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  1. André Sapir & Philippe Aghion & Giuseppe Bertola & Martin Hellwig & Jean Pisani-Ferry & Bernard Lange & José Viñals & Helen Wallace & Marco Buti & Mario Nava & Peter Smith, 2004. "An agenda for a growing Europe: the Sapir report," ULB Institutional Repository 2013/8070, ULB -- Universite Libre de Bruxelles.
  2. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," NBER Working Papers 8460, National Bureau of Economic Research, Inc.
  3. Eloi Laurent & Michel Juillard & Patrick Musso & Michel Aglietta & Jean Chateau & Hélène Baudchon & Gilles Le Garrec & Jean-Paul Fitoussi & Jérôme Creel & Vincent Touze & Jean-Luc Gaffard & Jacque, 2005. "Potential Growth in the EU : Prospects from Technical Progress and Eastern Enlargment," Sciences Po publications info:hdl:2441/2500, Sciences Po.
  4. Edward L. Glaeser & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2004. "Do Institutions Cause Growth?," Journal of Economic Growth, Springer, vol. 9(3), pages 271-303, 09.
  5. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-68, June.
  6. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
  7. Olivier Blanchard, 2004. "The Economic Future of Europe," NBER Working Papers 10310, National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. repec:spo:wpecon:info:hdl:2441/3681 is not listed on IDEAS
  2. repec:spo:wpecon:info:hdl:2441/2281 is not listed on IDEAS
  3. Jérôme Creel & Jacques Le Cacheux, 2006. "La nouvelle désinflation compétitive européenne," Sciences Po publications info:hdl:2441/2085, Sciences Po.
  4. repec:spo:wpecon:info:hdl:2441/2085 is not listed on IDEAS
  5. Eloi Laurent & Jacques Le Cacheux, 2007. "What (Economic) Constitution Does the EU Need ?," Sciences Po publications N°2007-04, Sciences Po.
  6. Eloi Laurent & Jacques Le Cacheux, 2006. "Integrity and Efficiency in the EU: The Case against the European economic constitution," Sciences Po publications 130, Sciences Po.
  7. repec:spo:wpecon:info:hdl:2441/3531 is not listed on IDEAS
  8. Eloi Laurent & Jacques Le Cacheux, 2006. "Country size and strategic aspects of structural reforms in the EU," Sciences Po publications info:hdl:2441/3681, Sciences Po.

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