IDEAS home Printed from https://ideas.repec.org/a/eee/jpolmo/v42y2020i4p903-912.html
   My bibliography  Save this article

Why does Europe grow more slowly than the United States?

Author

Listed:
  • Campano, Fred
  • Costantiello, Alberto
  • Laureti, Lucio
  • Salvatore, Dominick

Abstract

Recovery from the recent financial crisis and “great recession” has been slower than after previous recessions in most developed countries and areas, especially Europe. But Europe's growth problem is structural in character and started much earlier. This paper analyzes the structural causes of the European slow growth, evaluates the policies that Europe adopted to overcome it, and concludes that even with the appropriate policies, the prospects for accelerating growth in Europe will be difficult, especially in the context of the current US-China trade war.

Suggested Citation

  • Campano, Fred & Costantiello, Alberto & Laureti, Lucio & Salvatore, Dominick, 2020. "Why does Europe grow more slowly than the United States?," Journal of Policy Modeling, Elsevier, vol. 42(4), pages 903-912.
    • Handle: RePEc:eee:jpolmo:v:42:y:2020:i:4:p:903-912
    DOI: 10.1016/j.jpolmod.2020.03.013
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0161893820300478
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jpolmod.2020.03.013?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hendrik Van den Berg, 2013. "Growth theory after Keynes, part I: the unfortunate suppression of the Harrod-Domar model," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 7(1), November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mustafa Orhan Özer, 2022. "The Relationship between Economic Growth and Unemployment Rate: Fractional Frequency Fourier ARDL Bounds Test Approach," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 72(72-1), pages 269-292, June.
    2. Salvatore, Dominick & Campano, Fred, 2019. "Global implications of U.S. trade policies for reducing structural trade imbalances," Journal of Policy Modeling, Elsevier, vol. 41(3), pages 537-545.
    3. Pingle, Mark & Guerrero, Federico & Mahmoudi, Mina & Wuthisatian, Rattaphon, 2023. "A Descriptive Growth Model with Unemployment," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 482-500.
    4. Campano, Fred & Laureti, Lucio & Salvatore, Dominick, 2017. "Capturing the effects of changing capital-intensity on Long-term growth in the major emerging economies," Journal of Policy Modeling, Elsevier, vol. 39(4), pages 729-740.
    5. Salvatore, Dominick & Campano, Fred, 2018. "Simulating some of the administration’s trade policies," Journal of Policy Modeling, Elsevier, vol. 40(3), pages 636-646.
    6. Mahatma Kufepaksi & Gunawan -, 2018. "The Role of Intellectual Capital in Overcoming the Slowing Economic Growth in Indonesia," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(10), pages 1-97, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jpolmo:v:42:y:2020:i:4:p:903-912. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505735 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.