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dc.contributor.authorTausch, Arnoen_US
dc.contributor.authorHeshmati, Almasen_US
dc.contributor.authorBajalan, Chemen S.J.en_US
dc.description.abstractStarting 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.en_US
dc.publisherInstitute for the Study of Labor (IZA) Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3198en_US
dc.subject.keywordIndex numbers and aggregationen_US
dc.subject.keywordcross-sectional modelsen_US
dc.subject.keywordspatial modelsen_US
dc.subject.keywordeconomic integrationen_US
dc.subject.keywordregional economic activityen_US
dc.subject.keywordinternational factor movementsen_US
dc.subject.keywordinternational businessen_US
dc.subject.keywordinternational relationsen_US
dc.subject.keywordinternational political economyen_US
dc.subject.stwWirtschaftliche Anpassungen_US
dc.subject.stwLissabon Strategieen_US
dc.subject.stwInternationaler Wettbewerben_US
dc.subject.stwEU-Staaten (Osteuropa)en_US
dc.titleOn the multivariate analysis of the Lisbon processen_US
dc.typeWorking Paperen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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