Europe En Route to 2020: A New Way of Evaluating the Overall Fulfillment of the Europe 2020 Strategic Goals
- 445 Downloads
The growth strategy of Europe 2020 includes standards to be achieved by the EU member states in many crucial areas, such as in employment, innovation, education, poverty, climate and energy policy. The progress is regularly measured by a set of predetermined indicators in each area. Although Eurostat annually publishes the values of these indicators on both national and cross-national levels, not many studies have been conducted on the methodology of how the progress can be quantified. In this paper we propose a new, more efficient complex index that measures how close the member states are to the completion of the strategy, also considering the heterogeneity of growth paces across the countries. A series of calculations (such as the Mahalanobis distance between the actual and the target values of the indicators and a special self-weighting average constructed to eliminate country-specific differences in development) that were based on the original indicators showed that the EU seemed to lag behind in fulfilling its goals that had been set for 2020 in 2008–2013. It can be empirically proven that a successful cohesion policy is essential in order to fulfill the growth expectations set for a decade.
KeywordsEurope 2020 Complex measure Level of success Composite indicator Self-weighting average
JEL ClassificationC43 I38 O52
- Acs, Z. J., Rappai, G., Szerb, L. (2011). Index-building in a system of interdependent variables: The penalty for bottleneck. GMU School of Public Policy Research Paper No. 2011–2024. SSRN: http://ssrn.com/abstrack=1945346. Accessed 24 June 2013.
- Aristovnik, A., Pungartnik, A. (2009). Analysis of reaching the Lisbon strategy targets at the national level: The EU-27 and Slovenia. MPRA Paper no. 18090. http://mpra.ub.uni-muenchen.de/18090. Accessed 21 January 2015.
- Bourgeais, V., Gebhard, F. (2015). How is the European Union progressing towards its Europe 2020 targets? Eurostat NewsRelease. http://ec.europa.eu/eurostat/documents/2995521/6664132/1-02032015-CP-EN.pdf/e339ff6c-ee5c-4385-9cbc-bce32fbdb8d7
- EUROSTAT (2014). Getting messages across using indicators. http://ec.europa.eu/eurostat/documents/3859598/5936409/KS-GQ-12-001-EN.PDF
- Hoedl, E. (2011). Europe 2020 strategy and European recovery. Problems of Sustainable Development, 6(2), 11–16.Google Scholar
- Mahalanobis, P Ch. (1936). On the generalised distance in statistics. Proceedings of the National Institute of Sciences of India, 2(1), 49–55.Google Scholar
- Obadić, A., & Aristovnik, A. (2011). Relative efficiency of higher education in Croatia and Slovenia: An international comparison. Amfiteatru Economic, 13(30), 362–376.Google Scholar