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On the Multivariate Analysis of the "Lisbon Process"

Author

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  • Tausch, Arno

    () (University of Innsbruck)

  • Heshmati, Almas

    () (Jönköping University, Sogang University)

  • Bajalan, Chemen S. J.

    () (University of Kurdistan Hawler)

Abstract

Starting from Professor Kornai’s assertion about the necessity to focus on the long-term perspectives of the transformation process, we analyze in this paper the Lisbon performance of the countries of the European Union from such a long-term, structural perspective. We present in a simple form the mathematical methods used in this essay. Then, we analyze Lisbon indicator performance by factor analytical means. We conclude that only a Schumpeterian vision of capitalism as a process of “creative destruction” – or rather – “destructive creation” can explain these contradictions, which we empirically reveal in this analysis, and which beset the “Lisbon process” from the very beginning. Our factor analysis tells us that a majority of the kernel Lisbon indicators go indeed hand in hand with high comparative price levels; high freight transport; high greenhouse gas emissions; low business investment rates; and low youth educational attainment rates. We conclude that in reality we are facing four underlying and contradictory processes including a Lisbon productivity factor; high eco-social exclusion; the employment performance; and the neo-liberal European model.

Suggested Citation

  • Tausch, Arno & Heshmati, Almas & Bajalan, Chemen S. J., 2007. "On the Multivariate Analysis of the "Lisbon Process"," IZA Discussion Papers 3198, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp3198
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    References listed on IDEAS

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    1. David E. Bloom & David Canning, 2004. "Global demographic change : dimensions and economic significance," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Aug, pages 9-56.
    2. Archibugi, Daniele & Coco, Alberto, 2004. "A New Indicator of Technological Capabilities for Developed and Developing Countries (ArCo)," World Development, Elsevier, vol. 32(4), pages 629-654, April.
    3. Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-563, July.
    4. Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, EconWPA, revised 16 Jun 2003.
    5. An, Chong-Bum & Jeon, Seung-Hoon, 2006. "Demographic change and economic growth: An inverted-U shape relationship," Economics Letters, Elsevier, vol. 92(3), pages 447-454, September.
    6. Almas Heshmati & JongEun Oh, 2006. "Alternative Composite Lisbon Development Strategy Indices: A Comparison of EU, USA, Japan and Korea," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 3(2), pages 131-170, December.
    7. Andersen, Torben M. & Herbertsson, Tryggvi Thor, 2003. "Measuring Globalization," IZA Discussion Papers 817, Institute for the Study of Labor (IZA).
    8. Heshmati Almas, 2006. "Measurement of a Multidimensional Index of Globalization," Global Economy Journal, De Gruyter, vol. 6(2), pages 1-30, May.
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    Cited by:

    1. Tausch, Arno, 2008. "The Efficiency of Social Expenditures in the Fight Against Extreme Poverty in Europe [Die Effizienz Der Sozialausgaben Im Kampf Gegen Extreme Armut in Europa]," MPRA Paper 10612, University Library of Munich, Germany.
    2. Tausch, Arno, 2011. "The efficiency and effectiveness of social spending in the EU-27 and the OECD – a 2011 reanalysis," MPRA Paper 33516, University Library of Munich, Germany.
    3. Tausch, Arno, 2010. "Zur Analyse internationaler Migrationsprozesse. Makro-quantitative Perspektiven und eine vergleichende Fallstudie über die Lage der türkischen Community in Österreich
      [On the analysis of internatio
      ," MPRA Paper 27651, University Library of Munich, Germany.

    More about this item

    Keywords

    cross-sectional models; spatial models; economic integration; regional economic activity; international factor movements; international business; international relations; index numbers and aggregation; international political economy;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • F15 - International Economics - - Trade - - - Economic Integration
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • F2 - International Economics - - International Factor Movements and International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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