Economic Growth and Structural Reforms in Europe (eBook, ePUB)

Redaktion: Campos, Nauro F.

• Format: ePub

Produktbeschreibung

In contrast to the USA, Europe has struggled to return to the growth path it was on prior to the financial crisis of 2007-11. Not only has the recovery been slow, it has also been variable with Europe's core countries recovering more quickly than those on the periphery. It is widely believed that the best way to address this slow recovery is through structural reform programmes whereby changes in government policy, regulatory frameworks, investment incentives and labour markets are used to encourage more efficient markets and higher economic growth. This book is the first to provide a critical assessment of these reforms, with a new theoretical framework, new data and new empirical methodologies. It includes several case studies of countries such as Greece, Portugal and France that introduced significant reforms, revealing that such programmes have very divergent, and not always positive, effects on economic growth, employment and income inequality.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 2. April 2020
• Englisch
• ISBN-13: 9781108783668
• Artikelnr.: 60862581

Inhaltsangabe

Introduction; Part I. Economic Growth and Structural Reforms in Europe: 1.
Euro area growth and European institutional reforms Mariarosaria Comunale
and Francesco Paolo Mongelli; 2. Structural reforms and growth: the elusive
quest for the silver bullet Alessio Terzi and Pasquale Marco Marrazzo; 3.
Regulation, institutions and economic growth in advanced, emerging and
developing countries Balázs Égert; Part II. Macroeconomic Implications of
Reforms: 4. Heterogeneous market regulation and divergence in a currency
union Mirko Abbritti and Sebastian Weber; 5. Macroeconomic imbalances in
the euro erea: can they be managed? Michael Hume; 6. Financial crises and
liberalization: progress or reversals? Orkun Saka, Nauro F. Campos, Paul De
Grauwe, Yuemei Ji and Angelo Martelli; 7. Structural reforms and fiscal
sustanability Davide Furceri and João Tovar Jallas; 8. Transitions in the
EU labour market before and after the crisis: the role of reforms Corrado
Macchiarelli, Vassilis Monastiriotis and Nikolitsa Lampropoulou; 9. On the
complementarity between labour market regulation and tax reforms in the
European Union Angelo Martelli, Nauro F. Campos, Michael Ganslmeier, Yuemei
Ji and Orkun Saka; Part III. Case Studies: 10. Structural reforms in
Europe: lessons from early experiences Orkun Saka, Nauro F. Campos, Paul De
Grauwe, Michael Ganslmeier, Yuemei Ji and Angelo Martelli; 11. Fiscal
consolidation and inequality: the distributive effects of fiscal reforms in
Greece and Portugal Fabian Mushövel; 12. How openness to trade rescued the
Irish economy Kieran McQuinn and Petros Varthalitis; 13. Goulash labour
market structural reforms: Hungary, 1986-2016 Nauro F. Campos; Conclusions.