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dc.contributor.authorHeshmati, Almasen_US
dc.contributor.authorOh, Jong-Eunen_US
dc.description.abstractThis study addresses the measurement of two composite Lisbon strategy indices that quantifies the level and patterns of development for ranking countries. The first index is nonparametric labelled as Lisbon strategy index (LSI). It is composed of six components: general economics, employment, innovation research, economic reform, social cohesion and environment, each generated from a number of Lisbon indicators. LSI by reducing the complexity of the set of indicators, it makes the ranking procedures quite simple. The second and parametric index is based on principal component analysis. Despite the difference in the ranking by the two indices, it is shown that the United States outperformed most EU-member states. Our investigations also show evidence of significant dynamic changes taking place, as the countries of the Union struggle to achieve the Lisbon goals. The necessity of a real reform agenda in several old and new members and candidate countries emerges from our analysis.en_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion Papers |x1734en_US
dc.subject.keywordeconomic developmenten_US
dc.subject.keywordeconomic integrationen_US
dc.subject.keywordcomposite indexen_US
dc.subject.keywordLisbon Agendaen_US
dc.titleAlternative composite Lisbon development strategy indicesen_US
dc.type|aWorking Paperen_US

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