Economic Growth and Structural Reforms in Europe
Published on 2. April 2020
Book
Hardback
464 pages
978-1-108-47911-0 (ISBN)
Description
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.
Reviews / Votes
'This remarkable book edited by Campos, De Grauwe and Ji is a testament to the importance of the analysis of impulse responses. The Global Financial Crisis (impulse) continues to influence our lives through various structural reform mechanisms (responses) and will do so for a very long time. A fascinating and balanced read for everyone interested in economics and more broadly in social sciences.' Yunus Aksoy, Birkbeck, University of London 'The declines in economic growth rates across European countries have revived the call for structural reform. However, there are many different types of structural reform and some calls for reform are politically motivated. Therefore, this book fills an important gap by presenting a comprehensive overview of the existing knowledge on different types of reform and the evidence of their effectiveness. Politicians, commentators, academics as well as the public at large can benefit from reading this book and learn what would be most suitable type of reform for what country if any.' Wouter DenHaan , London School of Economics 'Structural reforms are typically viewed as the solution to Europe's sluggish growth. This important collection of essays explains when they work and how.' Andre Sapir, Universite libre de BruxellesMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Illustrations
Worked examples or Exercises; ? Tables, black and white; ? Halftones, black and white; ? Line drawings, black and white
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 29 mm
Weight
820 gr
ISBN-13
978-1-108-47911-0 (9781108479110)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Nauro F. Campos
Economic Growth and Structural Reforms in Europe
E-Book
04/2020
Cambridge University Press
€108.99
Available for download
Nauro F. Campos | Paul De Grauwe | Yuemei Ji
Economic Growth and Structural Reforms in Europe
E-Book
03/2020
Cambridge University Press
€123.99
Available for download
Persons
Content
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 Balazs Egert; 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 Joao 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 Mushoevel; 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.