Horst Hanusch, Andreas Pyka
Applying a Comprehensive Neo-Schumpeterian Approach to Europe and its Lisbon Agenda
Abstract:
The paper shows that Comprehensive Neo-Schumpeterian Economics (CNSE)
is an adequate theoretical approach accompanying the enforcement of the
aims of the Lisbon Agenda. The CNSE approach is based on the principle
of innovation and the idea of future orientation penetrating all
spheres of economics which can be summarized in three domains of
economic life: industry, finance and public sector, the 3-pillars of
CNSE.
The CNSE approach is applied to an empirical study of 18 OECD countries
using a three step procedure: In a first step country patterns of
pillars are identified in a cluster analysis. This gives a fine grained
picture of institutional and structural set-ups for the countries under
study. In a second step within the pillar clusters a performance
analysis is exercised in order to rank the countries. Because of the
similarities of countries within a cluster this comparative analysis
can be done whereas for countries belonging to different clusters this
comparison would lead to wrong conclusions. In a final step as a crude
representation of macro-economic performance the cluster composition is
sorted by the average growth rates of the economies. This allows a
first correlation of pillar composition and growth performance.
JEL: O30, O40, L2, P0, G10, B52
Paper:
Paper available as pdf-file.
Beitrag Nr. 286, Volkswirtschaftliche Diskussionsreihe, Institut
für
Volkswirtschaftslehre der Universität Augsburg
Contact:
Horst
Hanusch, University of Augsburg, Department of Economics,
Universitätsstr. 16, D-86159 Augsburg, Phone +49-821-598-4179, Fax
+49-821-598-4229
E-Mail: horst.hanusch@wiwi.uni-augsburg.de
Andreas Pyka, University of Augsburg, Department of Economics,
Universitätsstr. 16, D-86159 Augsburg, Phone +49-821-598-4179, Fax
+49-821-598-4229
v.
K., 14.07.2006