Post by Sapphire Capital on Jul 25, 2008 3:16:42 GMT 4
Benchmarking the Lisbon Strategy
DEMOSTHENES IOANNOU
European Central Bank (ECB)
M. FERDINANDUSSE
Bank of the Netherlands
WOUTER COUSSENS
European Central Bank
MARCO LO DUCA
European Central Bank (ECB) June 26, 2008
ECB Occasional Paper No. 85
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.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1084911_code485639.pdf?abstractid=1084911&mirid=2
DEMOSTHENES IOANNOU
European Central Bank (ECB)
M. FERDINANDUSSE
Bank of the Netherlands
WOUTER COUSSENS
European Central Bank
MARCO LO DUCA
European Central Bank (ECB) June 26, 2008
ECB Occasional Paper No. 85
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.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1084911_code485639.pdf?abstractid=1084911&mirid=2