Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154538
Authors: 
Ioannou, Demosthenes
Ferdinandusse, Marien
Lo Duca, Marco
Coussens, Wouter
Year of Publication: 
2008
Series/Report no.: 
ECB Occasional Paper 85
Abstract: 
This paper reviews the governance framework of the Lisbon Strategy and discusses the specific option of increasing the role of benchmarking as a means of improving the implementation record of structural reforms in the European Union. Against this background, the paper puts forward a possible avenue for developing a strong form of quantitative benchmarking, namely ranking. The ranking methodology relies on the construction of a synthetic indicator using the “benefit of the doubt” approach, which acknowledges differences in emphasis among Member States with regard to structural reform priorities. The methodology is applied by using the structural indicators that have been commonly agreed by the governments of the Member States, but could also be used for ranking exercises on the basis of other indicators.
Subjects: 
Lisbon Strategy
economic governance
benchmarking
benefit of the doubt weighting.
JEL: 
D02
P11
P16
C43
C61
Document Type: 
Research Report

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