Developmental perspectives on Europe

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

Society and Economy, 2014, vol. 36, issue 1, 21-36

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.

Keywords: fiscal consolidation; growth crisis; structural reform; new political economy (search for similar items in EconPapers)
JEL-codes: O11 O23 P26 (search for similar items in EconPapers)
Date: 2014
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