TY  - RPRT
        AU  - Tausch, Arno
AU  - Heshmati, Almas
AU  - Bajalan, Chemen S. J.
        TI  - On the Multivariate Analysis of the "Lisbon Process"
        PY  - 2007/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3198
        UR  - https://www.iza.org/publications/dp3198
        AB  - 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.
        KW  - cross-sectional models
KW  - spatial models
KW  - economic integration
KW  - regional economic activity
KW  - international factor movements
KW  - international business
KW  - international relations
KW  - index numbers and aggregation
KW  - international political economy
        ER  -