The European Social Models Facing the Economic Crisis

Schipor Constantin ()
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Schipor Constantin: University "Alexandru Ioan Cuza" Doctoral School of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 114-117

Abstract: European social models that emerged in Europe are answers to various problems faced by micro and macroeconomic activity. The austerity measures adopted by some of these models have led, in most cases, to a deepening of the economic recession. European social models which had an innovative investment plan, mainly Scandinavian model, managed to pass easily from the critical moments, increasing prosperity and living standards. This paper provides an overview of how the European social models have attempted to revive their economies. The main hypothesis of the paper assumes that investments in education and workforce improvement led to the growth of the living standards in the Scandinavian model.

Keywords: european social models; economic crisis; austerity. (search for similar items in EconPapers)
JEL-codes: F20 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:1:p:114-117

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