Renewable Electricity in the EU: Are We Meeting the Targets?

This paper analyses differences in the degree to which European Union countries have achieved the renewable electricity (RES-E) targets set by the European Commission for each Member State for 2010. After defining an RES-E target achievement (TA) indicator, both conventional and novel techniques are used to examine the main features of its distribution, including the degree of inequality, external shape and intra-distribution dynamics, for the 1996–2006 time period. The analysis demonstrates that disparities in TA have been strongly reduced and that intra-distribution mobility was very high.     

Regional Productivity Distribution in the European Union: Which are the Influencing Factors?

The aim of this paper is to analyse some relevant aspects on productivity distribution in the European Union at regional level. Firstly, the paper examines its external shape and intra-distribution dynamics. Subsequently, an analysis of the factors that might be behind the productivity distribution and its dynamics is carried out. The results, represented by means of a relatively new visualization tool, highlight the role played by factors such as geographical location, compensation per employee and investment per employee in explaining this issue.     

An Index of Social and Economic Development in the Community's Objective-1 Regions of Countries in Southern Europe

In this article we calculate an indicator of social and economic development using the DP₂ distance method to measure the disparities in Objective-1 regions of southern European countries for 2006. In addition to per capita income, socio-economic components such as health, education, employment, scientific and technological development and infrastructure provision have been incorporated into the index. We examine the issue of whether the Europe Union regions included in the Convergence Objective achieved a lower level of development than the regions no longer covered in this objective for the 2007–2013 programming period by establishing a territorial classification based on the value yielded by the variables of the DP₂. Our indicator constitutes a novel contribution insofar as it was constructed using a large number of variables. In essence, we show that not all the regions of the Convergence Objective presented a lower level of economic and social development than those that lost this consideration between 2007 and 2013 and the opposite.     

After the Nicaraguan Non‐Payment Crisis: Alternatives to Microfinance Narcissism

This article argues against ‘microfinance narcissism’ and calls for a re‐politicization of the microfinance paradigm. The dominant verdict on microcredit has undergone a damning transformation, from ‘magic bullet for poverty reduction’ to ‘cause of suicide’. Nowadays, both radical critics and mainstream voices deplore microcredit's negative impact on micro‐entrepreneurs. They argue for a reorientation where credit is targeted at established small and medium‐sized enterprises, particularly in rural areas. The crisis in microfinance worldwide, including burgeoning protests, are viewed as proof of the commercial derailment and/or misplaced faith in microfinance's positive social and economic impact on the poor. This article engages with this debate through a study of the Nicaraguan micro‐finance crisis. It challenges existing analyses that pin the crisis on agricultural over‐indebtedness, lack of due diligence, or Sandinista populist politics. Illustrating the dangers of neglecting the diverse nature of microfinance, it reveals the paradoxical outcomes of the crisis: a refocus on the urban at the expense of agricultural credit for small and medium enterprises and a consolidation of the power of national processing elites. Nicaragua's Non‐Payment Movement is also shown to be both a product of elite manipulation and an expression of legitimate resistance to an industry that turns a blind eye to the manner in which markets and politics constrain clients’ potential.