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“An Institutional, Social and Economic Performance Index (ISEPI) with an application to the European Neighborhood Policy”

Author

Listed:
  • Jordi López-Tamayo

    (Department of Econometrics. University of Barcelona)

  • Raul Ramos

    (Department of Econometrics. University of Barcelona)

  • Jordi Suriñach i Caralt

    (Department of Econometrics. University of Barcelona)

Abstract

In this paper we design and build a composite indicator to measure the macroeconomic, social and institutional dimensions of countries (ISEPI). The index allows not only comparing the relative situation of countries, but also its time evolution. In order to illustrate the usefulness of the index, we analyse the effects of the European Neighbourhood Policy in EU-Neighbouring Countries during the last decade. The obtained results show that ENP has had different effects according to the considered dimensions and that the evolution of neighbouring countries is quite heterogeneous taking into account their recent institutional and economic performance. From a policy perspective, these results reinforce the validity of the bilateral action plans that have characterized ENP recognising the different starting point and particular characteristics of each neighbouring country.

Suggested Citation

  • Jordi López-Tamayo & Raul Ramos & Jordi Suriñach i Caralt, 2014. "“An Institutional, Social and Economic Performance Index (ISEPI) with an application to the European Neighborhood Policy”," AQR Working Papers 201412, University of Barcelona, Regional Quantitative Analysis Group, revised Oct 2014.
    • Handle: RePEc:aqr:wpaper:201412
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    File URL: http://www.ub.edu/irea/working_papers/2014/201423.pdf
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    Cited by:

    1. Helena Helfer, 2017. "Prosperity-Enhancing Institutions: Towards a Comprehensive Composite Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 134(3), pages 805-845, December.

    More about this item

    Keywords

    Social indicators; Economic performance; Institutional quality; European neighbourhood policy. JEL classification: C43; F62; O43;
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