An Institutional Analysis of the Europe 2020 Strategy

Social Indicators Research, Springer (2015): 1-18.

18 Pages Posted: 18 Sep 2015

See all articles by Francesco Pasimeni

Francesco Pasimeni

SPRU - University of Sussex; Joint Research Center of the European Commission

Paolo Pasimeni

European Commission; IES-VUB

Date Written: August 4, 2015

Abstract

The inherent complexity of the Europe 2020 Strategy, focused on areas where the European Commission has not full jurisdictional competence, increases the relevance of a timely and precise monitoring system and of effective and efficient institutional settings. This paper performs a quantitative evaluation of countries’ performances, using the Europe 2020 Index (Pasimeni in Soc Indic Res 110(2): 613-635, 2011. doi:10.1007/s11205-011-9948-9). We observe differences among countries and across time, and investigate their determinants by means of a model including potential explanatory variables, such as level of wealth, growth, sustainability of public finances and institutions. We refer to institutions in the sense of North (J Econ Perspect 5(1):97-112, 1991), and apply the distinction between formal and informal ones. The analysis confirms the importance of formal and informal institutions, both in absolute and in relative terms, compared with the other factors considered. Institutional variables, such as good governance and social capital, are the most significant ones and have the strongest estimated effects on countries’ performances.

Keywords: Europe 2020 Strategy, Europe 2020 Index, Institutions, Indicators, Social Capital, Trust, Governance

JEL Classification: A13, C2, O43, O52, P48

Suggested Citation

Pasimeni, Francesco and Pasimeni, Paolo, An Institutional Analysis of the Europe 2020 Strategy (August 4, 2015). Social Indicators Research, Springer (2015): 1-18., Available at SSRN: https://ssrn.com/abstract=2639549

Francesco Pasimeni

SPRU - University of Sussex ( email )

Mantell Building
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Joint Research Center of the European Commission ( email )

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Paolo Pasimeni (Contact Author)

European Commission ( email )

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Belgium

IES-VUB ( email )

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Brussels, 1050
Belgium

HOME PAGE: http://https://www.ies.be/users/paolo-pasimeni

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