@TechReport{iza:izadps:dp3198,
            	author={Tausch, Arno and Heshmati, Almas and Bajalan, Chemen S. J.},
            	title={On the Multivariate Analysis of the "Lisbon Process"},
            	year={2007},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={3198},
            	url={https://www.iza.org/publications/dp3198},
	abstract={Starting 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.},
	keywords={cross-sectional models;spatial models;economic integration;regional economic activity;international factor movements;international business;international relations;index numbers and aggregation;international political economy},
            }