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Economic and Technological Aspects of the European Competitiveness: A Multicriteria Approach

Author

Listed:
  • Zopounidis, C.

    (Technical University of Crete, University Campus)

  • Voulgaris, F.

    (Technological Educational Institute of Crete, Heraklion)

Abstract

Competitiveness constitutes a primary goal of each country for the accomplishment of its economic and technological targets. The evaluation of competitiveness is considered as a major problem that has risen during the last years due to the globalization and the rapid changes in the socio-economic and technological environment. Therefore, it is interesting to investigate the economic and technological aspects of the competitiveness of the European countries. The present study uses a sample of 14 countries-members of the European Union, as well as United States and Japan for comparison reasons. Taking into consideration several technological and economic indicators and using data from a recent study of the European Committee, this paper presents the evaluation of the competitiveness of the countries using a multicriteria ranking methodology (the PROMETHEE II method). The results of this paper contribute to the determination of the most and least competitive as well as technologically developed countries.

Suggested Citation

  • Zopounidis, C. & Voulgaris, F., 2004. "Economic and Technological Aspects of the European Competitiveness: A Multicriteria Approach," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 19, pages 690-703.
    • Handle: RePEc:ris:integr:0285
    as

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    More about this item

    Keywords

    competitiveness; technological innovation; multicriteria decision aid;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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