Corvinus
Corvinus

Developmental perspectives on Europe

Csaba, László (2014) Developmental perspectives on Europe. Society and Economy, 36 (1). pp. 21-36. DOI 10.1556/SocEc.36.2014.1.3

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Official URL: http://akademiai.com/content/9513q66n57k13685/


Abstract

The crisis of 2008–2009 has ended, stockmarkets skyrocketed in 2012–2013, while growth of the real sector remained sluggish in Europe. This article attempts to explain the latter puzzle. Analyzing long term factors, the costs of short-termism in crisis management become obvious. The limitations of EU as a growth engine are highlighted.

Item Type:Article
Uncontrolled Keywords:fiscal consolidation, growth crisis, structural reform, new political economy
JEL classification:O11 - Macroeconomic Analyses of Economic Development
O23 - Fiscal and Monetary Policy in Development
P26 - Socialist Systems and Transitional Economies: Political Economy; Property Rights
Subjects:Economic development
Economic policy
DOI:10.1556/SocEc.36.2014.1.3
ID Code:1463
Deposited By: Ádám Hoffmann
Deposited On:25 Feb 2014 10:50
Last Modified:02 Dec 2014 08:26

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