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Measuring Europe 2020: a new tool to assess the strategy

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  • Pasimeni, Paolo

Abstract

This paper aims at analysing the performances of the EU member states in the Europe 2020 Strategy and understanding the main factors of success. It builds on the Europe 2020 Index developed in Pasimeni (2011) to quantify and measure progress achieved by the 27 countries in pursuing the objectives of the strategy and extends the calculation of the index to seven years. The results suggest that institutional factors are more relevant than macroeconomic indicators of public finances, such as GDP growth, levels of government debt and deficit, as success factors in the strategy. This applies to both formal institutions, such as good governance, rule of law, and control of corruption, as well as informal ones, such as social capital. This analysis has been conducted at national level; a regional breakdown of the data would enhance its validity. From a policy perspective, these findings suggest that the current emphasis on public accounts as the main criteria to define structural reforms could be enhanced including a broader focus on institutions.

Suggested Citation

  • Pasimeni, Paolo, 2011. "Measuring Europe 2020: a new tool to assess the strategy," MPRA Paper 53508, University Library of Munich, Germany, revised 02 Mar 2012.
  • Handle: RePEc:pra:mprapa:53508
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Barnabé Walheer, 2019. "Disentangling Heterogeneity Gaps and Pure Performance Differences in Composite Indexes Over Time: The Case of the Europe 2020 Strategy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(1), pages 25-45, May.
    2. Magdalena Radulescu & Aleksandra Fedajev & Crenguta Ileana Sinisi & Constanta Popescu & Silvia Elena Iacob, 2018. "Europe 2020 Implementation as Driver of Economic Performance and Competitiveness. Panel Analysis of CEE Countries," Sustainability, MDPI, Open Access Journal, vol. 10(2), pages 1-20, February.
    3. Ewa Roszkowska & Marzena Filipowicz-Chomko, 2021. "Measuring Sustainable Development Using an Extended Hellwig Method: A Case Study of Education," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(1), pages 299-322, January.
    4. Rogge, Nicky, 2019. "EU countries’ progress towards ‘Europe 2020 strategy targets’," Journal of Policy Modeling, Elsevier, vol. 41(2), pages 255-272.
    5. Francesco Pasimeni & Paolo Pasimeni, 2016. "An Institutional Analysis of the Europe 2020 Strategy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(3), pages 1021-1038, July.
    6. Barnabé Walheer, 2018. "Decomposing the Europe 2020 Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(3), pages 875-905, December.
    7. Izabela Młynarzewska-Borowiec, 0. "Does Implementation of the Smart Growth Priority Affect Per Capita Income of EU countries?—Empirical Analysis for the Period 2000–2017," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 0, pages 1-22.
    8. Hasan Ture & Seyyide Dogan & Deniz Kocak, 2019. "Assessing Euro 2020 Strategy Using Multi-criteria Decision Making Methods: VIKOR and TOPSIS," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(2), pages 645-665, April.
    9. Papailiou Paraskevi & Komninos Dimitrios & Dermatis Zacharias & Anastasiou Athanasios & Liargovas Panagiotis, 2018. "Intelligent Growth and Macroeconomic Performance of EU Member Countries in the Framework of Europe 2020," Applied Economics and Finance, Redfame publishing, vol. 5(4), pages 117-126, July.

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    More about this item

    Keywords

    Europe 2020; measurement; institutions; governance; social capital.;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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