Making the case for a gender-aware, Investment-led recovery for Europe

Giovanni Cozzi () and Hannah Bargawi

No 14302, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre

Abstract: This chapter traces the roots of the current economic and social situation in Europe, recognising the role played by policy choices that have also led to increasing gender divisions. Given this status quo, the chapter makes the case for an alternative gender-equitable, investment-led recovery. Using a macroeconomic model, the Cambridge Alphametrics Model, the chapter compares and contrasts the economic and social consequences of these two scenarios: business-as-usual and a gender-equitable, investment-led alternative. The results show that the aims of economic growth and increased employment targeted at women can be achieved via the adoption of gender-sensitive expansionary macroeconomic policies. Such a macroeconomic strategy is economically feasible, leading to substantial gains in terms of job creation for both women and men, as well as accelerated growth and reductions in dependency costs, government debts and fiscal deficits. Thus, the recommendations that stem from this analysis are to significantly increase public and private investment in both social and physical infrastructure; and to slowdown the pace of fiscal consolidation.

Keywords: Investment; Gender economics; Social infrastructure; Jobs (search for similar items in EconPapers)
Date: 2016-09-16
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Persistent link: https://EconPapers.repec.org/RePEc:gpe:wpaper:14302

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