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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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    File URL: https://mpra.ub.uni-muenchen.de/53508/1/MPRA_paper_53508.pdf
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    References listed on IDEAS

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    1. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54, National Bureau of Economic Research, Inc.
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    3. Abhijit V. Banerjee, 1997. "A Theory of Misgovernance," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1289-1332.
    4. Rose-Ackerman, Susan, 1975. "The economics of corruption," Journal of Public Economics, Elsevier, vol. 4(2), pages 187-203, February.
    5. Alesina, Alberto & Angeletos, George-Marios, 2005. "Corruption, inequality, and fairness," Journal of Monetary Economics, Elsevier, vol. 52(7), pages 1227-1244, October.
    6. Axel Dreher, 2006. "Does globalization affect growth? Evidence from a new index of globalization," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1091-1110.
    7. Paolo Pasimeni, 2013. "The Europe 2020 Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(2), pages 613-635, January.
    8. Pranab Bardhan, 1997. "Corruption and Development: A Review of Issues," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1320-1346, September.
    9. Paolo Mauro, 1995. "Corruption and Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 110(3), pages 681-712.
    10. Robert Huggins, 2010. "Regional Competitive Intelligence: Benchmarking and Policy-making," Regional Studies, Taylor & Francis Journals, vol. 44(5), pages 639-658.
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    Cited by:

    1. repec:gam:jsusta:v:10:y:2018:i:2:p:566-:d:133025 is not listed on IDEAS
    2. repec:eee:jpolmo:v:41:y:2019:i:2:p:255-272 is not listed on IDEAS
    3. 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.
    4. repec:spr:soinre:v:140:y:2018:i:3:d:10.1007_s11205-017-1797-8 is not listed on IDEAS
    5. repec:spr:soinre:v:142:y:2019:i:2:d:10.1007_s11205-018-1938-8 is not listed on IDEAS
    6. repec:rfa:aefjnl:v:5:y:2018:i:4:p:117-126 is not listed on IDEAS

    More about this item

    Keywords

    Europe 2020; measurement; institutions; governance; social capital.;

    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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