%0 Report
        %A Tausch, Arno
%A Heshmati, Almas
%A Bajalan, Chemen S. J.
        %T On the Multivariate Analysis of the "Lisbon Process"
        %D 2007
        %8 2007 Dec
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 3198
        %U https://www.iza.org/publications/dp3198
        %X 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.
        %K cross-sectional models
%K spatial models
%K economic integration
%K regional economic activity
%K international factor movements
%K international business
%K international relations
%K index numbers and aggregation
%K international political economy