Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/219661 
Year of Publication: 
2015
Series/Report no.: 
Institute of Economic Research Working Papers No. 45/2015
Publisher: 
Institute of Economic Research (IER), Toruń
Abstract (Translated): 
The purpose of the article was to evaluate the relationship between the level of institutional effectiveness in the context of global knowledge economy (KBE) and quality of life for the EU countries in the years 2004 and 2010. To measure the intitutional effectiveness authors proposed a synthetic indicator, which was constructed with the TOPSIS method. Variables cocnerning four aspects characterizing the institutional system in the context of the country's ability to exploit the potential of KBE were used in the research. The data was obtained from the Fraser Institute database. The Human Development Index was used as a measure of quality of life. In order to evaluate the relation between institutional effectiveness for KBE and quality of life correlation analysis was used. It allowed to identify positive relationship between the institutional factors associated with the use of the potential of KBE on the quality of life.
Subjects: 
efficiency of the institutional system
quality of life
Human Deve-opment Index
global knowledge-based economy
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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