Found 21 article(s) for author 'Europe'

The Rise of Economic Insecurity in the EU: Concepts and Measures

The Rise of Economic Insecurity in the EU: Concepts and Measures. Jason Beckfield, 2017, Paper, “Economic instability, an array of social changes, and welfare state retrenchment place the question of economic insecurity high on the scholarly and political agenda. We contribute to thesedebates by drawing conceptual distinctions between inequality and insecurity. Fundamentally,inequality concerns the distribution of resources across individuals, while insecurity concerns exposure to multiple social risks that can deteriorate living conditions. The multiplicity and dynamism of insecurity inform our development of a new measure of economic insecurity, using longitudinal data from the EU-SILC database. Substantively, we then use our new measure to analyze the distribution of insecurity in Europe.Link

Tags: , , , , ,

Civil Society and Three Dimensions of Inequality in Post-1989 Poland

Civil Society and Three Dimensions of Inequality in Post-1989 Poland.  Grzegorz Ekiert, April 2017, Paper, “This article presents three novel arguments regarding the role of civil society in the democratic transformation of Poland. First, under communism, associational life was neither extinct nor always totally controlled by the state. Over time, some organizations achieved a modicum of autonomy. The massive Solidarity movement left a legacy of civic engagement that influenced post-1989 developments. Second, inequality under state socialism needs to be treated comprehensively. While the level of income inequality was modest, economic inequality was more pronounced (privileges of the communist elites). Civic and political inequalities were acute. All three forms of inequality generated discontent and mobilization. Third, after 1989, civil society has become an institutional vehicle for virtually eliminating political inequality, advancing civic equality, and controlling the growth of economic inequality.Link

Tags: , , ,

Why is Growth better in the United States than in other Industrial Countries

Why is Growth better in the United States than in other Industrial Countries. Martin Feldstein, March 2017, Paper, “Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper discusses ten reasons for the higher rate of real economic growth.Link

Tags: , , , , ,

Medieval Origins: A Review Essay on Campbell’s The Great Transition

Medieval Origins: A Review Essay on Campbell’s The Great Transition. Eric Cheney, December 2016, Paper, “Campbell’s The Great Transition is a significant contribution to the growing literature that traces the roots of Europe’s economic rise to the climatic and population shocks of the late medieval period. This review essay discusses the empirical, historical and theoretical support for Campbell’s view while highlighting that it struggles to explain why these positive effects were limited to Europe. It then hypothesizes that Europe’s differential response to this shock reflected prior institutional advantages and provides some preliminary empirical evidence in support of this hypothesis. The essay concludes by examining Campbell’s claim that these shocks contributed to Atlantic Europe’s rise prior to the colonial period.Link

Tags: , , ,

The EU Has Trust Issues, and It’s Taking Down Greece’s Economy

The EU Has Trust Issues, and It’s Taking Down Greece’s Economy. George Serafeim, May 24, 2016, Opinion, “Uncertainty can severely affect an economy. Just look at what has happened in a short period of time to the UK economy. People are postponing major investment decisions after resolving the uncertainty over whether the UK stays in the EU or not. Supporters of Brexit hope that a UK outside the EU will be different. Opposition fears that a UK outside the EU will be different. But they both agree that it will be different. So given the prospect of a very different UK, people are not willing to commit capital and resources.Link

Tags: , , , ,

Capital Allocation and Productivity in South Europe

Capital Allocation and Productivity in South Europe. Gita Gopinath, July 2015, Paper, “Following the introduction of the euro in 1999, countries in the South experienced large capital inflows and low productivity. We use data for manufacturing firms in Spain to document a significant increase in the dispersion of the return to capital across firms, a stable dispersion of the return to labor across firms, and a significant increase in productivity losses from misallocation over time. We develop a model of heterogenous firms facing financial frictions and investment adjustment costs. The model is consistent with cross-sectional and time-series patterns in size, productivity, capital returns, investment, and debt observed in production and balance sheet data.Link

Tags: , , , , , ,

Europe May Require Greek Vote on Debt Accord: Burns

Europe May Require Greek Vote on Debt Accord: Burns. Nicholas Burns, June 22, 2015, Video. “Nicholas Burns, a professor at Harvard University’s Kennedy School of Government and former U.S. ambassador to Greece, talks about the Greek debt crisis. He speaks with Betty Liu, Mark Crumpton and Hans Nichols on Bloomberg Television’s “Bloomberg Markets.”Link

Tags: , , , , ,

The Consequences of Greece’s Impending Breakdown

The Consequences of Greece’s Impending Breakdown. Lawrence Summers, June 20, 2015, Opinion. “When, as now appears likely, Greece financially separates from Europe, it will at one level be no one’s fault. The Greek leaders will rightly explain that having imposed more austerity on themselves than any industrial country has suffered since the Depression, they could not do more without light at the end of tunnel in the form of a clear commitment to debt relief. European leaders will rightly explain that they adjusted their positions repeatedly to accommodate the Greeks. They will stress that their publics would not permit Greece to play…Link

Tags: , , , ,