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Developmental perspectives on Europe

Author

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  • László Csaba

    (Central European University and Corvinus University of Budapest, International Political Economy, Budapest, Hungary)

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.

Suggested Citation

  • László Csaba, 2014. "Developmental perspectives on Europe," Society and Economy, Akadémiai Kiadó, Hungary, vol. 36(1), pages 21-36, March.
    • Handle: RePEc:aka:soceco:v:36:y:2014:i:1:p:21-36
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    More about this item

    Keywords

    fiscal consolidation; growth crisis; structural reform; new political economy;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

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