Europe 2020 strategy: a strategy for which type of growth?
This paper constructs an index that synthesizes the eight targets of the EU 2020 Strategy into a one-dimensional target –EU 2020 synthetic target- and the situation of each EU28 Member States (the current 27 Members plus Croatia) in 2011 with respect to them –2011 synthetic situation-. Hence we can measure the distance of each EU Member State synthetic situation in 2011 to the EU 2020 synthetic target. We find that none of the Member States meets the EU 2020 synthetic target, Denmark is the closest and Malta is the furthest to it. In fact we could identify clusters of Member States in terms of the distances to the EU 2020 synthetic target: the North EU region is closer to and the Mediterranean region is further away from it. We extent the distance analysis above by adding three inequality targets -income distribution, female employment and child poverty- and find that all of the Member States increase their distance between their 2011 synthetic inequality-extended situation and the 2020 inequality-extended targeted situation. Finally, we want to analyse each Member State’s relationship between its objective position regarding the EU 2020 synthetic target and its life satisfaction level, inhabitants’ subjective position. Through a multivariate regression methodology, we analyse how much of the total effect of the synthetic index on life satisfaction is direct, and how much is mediated. The mediation analysis shows that a substantial part of the effect of the synthetic index on life satisfaction is mediated by the GDP per capita. These results are in line with recent views in human development and well-being research. That is, the GDP per capita is only a means to achieve socioeconomic progress, not the end.
|Date of creation:||02 Dec 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.ugr.es/local/teoriahe
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pilar Zarzosa Espina & Noelia Somarriba Arechavala, 2013. "An Assessment of Social Welfare in Spain: Territorial Analysis Using a Synthetic Welfare Indicator," Social Indicators Research, Springer, vol. 111(1), pages 1-23, March.
- José-María Montero & Coro Chasco & Beatriz Larraz, 2010. "Building an environmental quality index for a big city: a spatial interpolation approach combined with a distance indicator," Journal of Geographical Systems, Springer, vol. 12(4), pages 435-459, December.
- Laurens Cherchye & Erwin Oghe & Tom Van Puyenbroeck, 2005.
"Robust human development rankings,"
Public Economics Working Paper Series
ces0516, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics.
- Iñaki Permanyer, 2011. "Assessing The Robustness Of Composite Indices Rankings," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57(2), pages 306-326, 06.
- Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy,
University of Chicago Press, vol. 98(5), pages S71-102, October.
- Suman Seth, 2009. "Inequality, Interactions, and Human Development," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 10(3), pages 375-396.
- Carmen Herrero & Ricardo Martínez & Antonio Villar, 2012. "A Newer Human Development Index," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(2), pages 247-268, May.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Frederik Booysen, 2002. "An Overview and Evaluation of Composite Indices of Development," Social Indicators Research, Springer, vol. 59(2), pages 115-151, August.
When requesting a correction, please mention this item's handle: RePEc:gra:wpaper:13/11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angel Solano Garcia.)
If references are entirely missing, you can add them using this form.