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Benchmarking the Lisbon Strategy

Author

Listed:
  • Ioannou, Demosthenes
  • Ferdinandusse, Marien
  • Lo Duca, Marco
  • Coussens, Wouter

Abstract

This paper reviews the governance framework of the Lisbon Strategy and discusses the specific option of increasing the role of benchmarking as a means of improving the implementation record of structural reforms in the European Union. Against this background, the paper puts forward a possible avenue for developing a strong form of quantitative benchmarking, namely ranking. The ranking methodology relies on the construction of a synthetic indicator using the "benefit of the doubt" approach, which acknowledges differences in emphasis among Member States with regard to structural reform priorities. The methodology is applied by using the structural indicators that have been commonly agreed by the governments of the Member States, but could also be used for ranking exercises on the basis of other indicators. JEL Classification: D02, P11, P16, C43, C61

Suggested Citation

  • Ioannou, Demosthenes & Ferdinandusse, Marien & Lo Duca, Marco & Coussens, Wouter, 2008. "Benchmarking the Lisbon Strategy," Occasional Paper Series 85, European Central Bank.
    • Handle: RePEc:ecb:ecbops:200885
    Note: 1056819
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp85.pdf
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    References listed on IDEAS

    as
    1. Leonello Tronti, 1998. "Benchmarking Labour Market Performances and Policies," LABOUR, CEIS, vol. 12(3), pages 489-513, September.
    2. Daniel Gros, 2005. "Perspectives for the Lisbon Strategy: How to increase the competitiveness of the European economy?," CASE Network Studies and Analyses 0308, CASE-Center for Social and Economic Research.
    3. Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March.
    4. Mr. Mohsin S. Khan & Mr. Sunil Sharma, 2001. "IMF Conditionality and Country Ownership of Programs," IMF Working Papers 2001/142, International Monetary Fund.
    5. Dermot Hodson & Imelda Maher, 2001. "The Open Method as a New Mode of Governance: The Case of Soft Economic Policy Co‐ordination," Journal of Common Market Studies, Wiley Blackwell, vol. 39(4), pages 719-746, November.
    6. Christoph Knill & Andrea Lenschow, 2005. "Compliance, Competition and Communication: Different Approaches of European Governance and their Impact on National Institutions," Journal of Common Market Studies, Wiley Blackwell, vol. 43(3), pages 583-606, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    benchmarking; benefit of the doubt weighting; economic governance; Lisbon Strategy;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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