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Performance Differences in Europe: Tentative Hypotheses on the Role of Institutions

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  • Karl Aiginger

Abstract

Low growth and persistently high unemployment in Europe raised the question whether it was the specific features of the European Social Model, which lead to these disappointing results. This paper defines the characteristics of the model, and the differences between submodels applied in different European countries. Then it carves out the specific characteristics of the Nordic European Model, and its changes in economic policy and strategy which made these countries successful over the past ten to fifteen years – after the same countries had experienced recurrent crises in the decades before. Specifically, we look at the role of institutions and their changing priorities for making the Scandinavian countries better able to cope with change as compared to Germany, Italy and France.

Suggested Citation

  • Karl Aiginger, 2007. "Performance Differences in Europe: Tentative Hypotheses on the Role of Institutions," WIFO Working Papers 304, WIFO.
    • Handle: RePEc:wfo:wpaper:y:2007:i:304
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    File URL: https://www.wifo.ac.at/wwa/pubid/30299
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    Cited by:

    1. Peter Herrmann & Almas Heshmati & Arno Tausch & Chemen S.J. Bajalan, 2009. "Efficiency and Effectiveness of Social Spending," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 35(1), pages 13-43.
    2. Tausch, Arno, 2008. "The Efficiency of Social Expenditures in the Fight Against Extreme Poverty in Europe [Die Effizienz Der Sozialausgaben Im Kampf Gegen Extreme Armut in Europa]," MPRA Paper 10612, University Library of Munich, Germany.
    3. Tausch, Arno, 2008. "On the world market trajectory of 21 major book publishing companies in globalization and European studies in 100+ countries. From “Amsterdam University Press” via “Palgrave” and “Nova Science Publish," MPRA Paper 9613, University Library of Munich, Germany.

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