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Journal of Economic Integration 2004 December;19(4) :690-703.
Economic and Technological Aspects of the European Competitiveness: A Multicriteria Approach

K. Kosmidou M. Doumpos C. Zopounidis F. Voulgaris 

Technical University of Crete, University Campus
Technological Educational Institute of Crete, Heraklion
Copyright ©2004 Journal of Economic Integration

Competitiveness constitutes a primary goal of each country for the accomplishment of its economic and technological targets. The evaluation of competitiveness is considered as a major problem that has risen during the last years due to the globalization and the rapid changes in the socio-economic and technological environment. Therefore, it is interesting to investigate the economic and technological aspects of the competitiveness of the European countries. The present study uses a sample of 14 countries-members of the European Union, as well as United States and Japan for comparison reasons. Taking into consideration several technological and economic indicators and using data from a recent study of the European Committee, this paper presents the evaluation of the competitiveness of the countries using a multicriteria ranking methodology (the PROMETHEE II method). The results of this paper contribute to the determination of the most and least competitive as well as technologically developed countries.

JEL Classification: C65, 031, N24

Keywords: competitiveness | technological innovation | multicriteria decision aid
1. Brans, J.P. and Vincke, Ph. (1985), "A preference ranking organization method: The PROMETHEE method for multiple criteria decision-making," Management Science, 31(6): 647-656.
2. Brans, J.P., Vincke, Ph. and Mareschal, B. (1986), "How to rank and how to select projects: The PROMETHEE method," European Journal of Operational Research, 24: 228-238.
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