The Synthetic Measure of the Level of Smart Growth in the European Union Countries

Abstract

The issue of smart growth is a relatively new one, yet it has already been discussed by a few authors. According to the definition proposed by the European Commission, smart growth it is growth based on two pillars: knowledge and innovation. Smart growth is difficult to measure due to its complexity, multidimensionality, unobservability. The aim of the paper is construction of the synthetic measure of the level of smart growth. The research focuses on the 28 European Union countries in 2013.