scholarly journals The Resilience of EU Member States to the Financial and Economic Crisis

2019 ◽  
Vol 148 (2) ◽  
pp. 569-598
Author(s):  
Lucia Alessi ◽  
Peter Benczur ◽  
Francesca Campolongo ◽  
Jessica Cariboni ◽  
Anna Rita Manca ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Social Protection ◽  
Political Stability ◽  
Well Being ◽  
Business Environment ◽  
Member States ◽  
Main Research ◽  
Eu Member States ◽  
Entry Points ◽  
Country Characteristics

AbstractBased on the JRC conceptual framework for resilience (Manca et al. in Building a Scientific Narrative Towards a More Resilient EU Society, JRC Science for Policy Report, JRC28548, 2017), this study presents an empirical analysis of the resilience of EU Member States to the recent financial and economic crisis. We address two main research questions: (1) Which countries had a resilient outcome, in terms of both shock absorption during the crisis and recovery in its aftermath? (2) Are there pre-determined country characteristics that help to explain resilient performance? To address these questions, we first select 34 key indicators of economic performance and societal well-being, going well beyond the merely economic growth perspective. Resilience is then measured by the properties of the joint dynamic response of these variables to the crisis shock at different time horizons. Our results demonstrate substantial differences between countries in each of the resilience capacities considered. Regression analysis also reveals that certain predetermined characteristics—such as government expenditures on social protection, political stability or a favourable business environment—are strongly associated with resilient outcomes. Our methodology and findings offer lessons for monitoring resilience and for entry points for effective policy interventions in the future.

scholarly journals Socio-economic Disparity problems and Convergence Policy in the EU States

2016 ◽  
Vol 2 (1) ◽  
pp. 41-48
Author(s):  
Elena Dubra
Keyword(s):  
Economic Development ◽  
Well Being ◽  
Convergence Theory ◽  
Socioeconomic Indicators ◽  
Social Situations ◽  
Member States ◽  
Eu Member States ◽  
Policy Goals ◽  
Economic Strategies ◽  
The Eu

The purpose of this paper is to investigate socio-economic development condition and convergence evaluation in the EU-28 states in the context of the EU policy goals. The arm of this research is to estimate socioeconomic disparities and convergence problems in the European states by applying real valuations of well-being situations and economic development challenges in the EU member states. The research methodology is based on the European Commission legitimate documents application and socio-economic strategies, on the convergence theory and convergence scenario calculations and the socioeconomic forecasts analysis in the EU states. This research presents information about different socioeconomic indicators, indexes, and scheme of information`s flows for convergence level estimation. This study contains objectives and general outlines of period 2014-2020 in the framework of Europe as a whole, as well its impact on the EU member states economies and living conditions. Changes in the main socioeconomic concepts impact on EU convergence policy and rapidity of convergence depends on the initial discrepancy of the development level in the EU states. The efficiency of European convergence policy can also be improved by significant economic growth and by a clever choice of the country-specific social activities. This research investigates above information for social situations estimations in EU states as well as GDP growth, unemployment, population’s income level and different welfare indicators. The main results reflect the overall economic situation valuation in the EU countries and present European convergence policy’s impact on social development in the European states. The conclusions contain socio-economic situations appreciation in the context of European strategy goals and social inequality problems clarification in the EU states.

Part I Rationales for State Aid Rules, 2 Evolution of Aid in the EU: Classifying Different Types of Countries, and the Financial and Economic Crisis

2016 ◽  
Author(s):  
Kreuschitz Viktor ◽  
Nehl Hanns Peter
Keyword(s):  
Economic Crisis ◽  
Aggregate Data ◽  
European Market ◽  
Member States ◽  
Eu Member States ◽  
Time Period ◽  
Single European Market ◽  
Similarities And Differences ◽  
Over Time ◽  
The Eu

This chapter examines the evolution of (non-crisis) aid in the EU-27 since 1992, which serves as a basis to assess the similarities and differences between the practices of granting aid in EU Member States. Aggregate data for the EU-27 as a whole suggests that Member States have given a smaller percentage of their GDP as aid over time, which might be regarded as reflective of the view that they are accepting the need for its reduction and its control in the single European market. While declining in the first half of the 1990s, aid levels peaked in 1997, only to be reduced by 1999. This can be explained based on the new regulations that were pursued during the time period, which resulted in broader definitions by the Commission and tighter control.

18. The Europeanization of National Economies?

2020 ◽  
pp. 422-451
Author(s):  
Vivien A. Schmidt
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Member States ◽  
Eu Member States ◽  
Post War ◽  
National Economies ◽  
Political Economic ◽  
The Impact ◽  
European Union Member States ◽  
The Eu

This chapter examines the impact of Europeanization upon the national economies of European Union member states. It considers how successful the EU has been in promoting its goal of building a single European economy out of the diverse national economies of its member states; how much convergence has occurred among EU member states, and how much divergence remains; and what impact the economic crisis beginning in 2008 has had on the EU and its member states. To answer these questions, the chapter traces the development of Europe’s national economies from the post-war period until today. It also analyses the impact of globalization and Europeanization on post-war varieties of capitalism before concluding with reflections on future patterns of political economic development in the EU in light of the economic crisis.

scholarly journals Formation of the EU Development Index

2013 ◽  
Vol 28 (1) ◽  
pp. 29-37
Author(s):  
Vladislavs Vesperis
Keyword(s):  
Human Development ◽  
Economic Crisis ◽  
Human Development Index ◽  
Economic Change ◽  
Financial Economic ◽  
Member States ◽  
Development Index ◽  
Eu Member States ◽  
The Impact ◽  
The Eu

Abstract In the context of the global financial-economic crisis it becomes important to find a stronger base for assessment of the socio-economic development and, in particular, search for better indicators. Therefore, the hypothesis is set that it is necessary to develop the EU Development Index, which will provide better assessment of an on-going socio-economic change. The objective of the article is to describe the EU Development Index calculation results and compare them with the Human Development Index values for each Member state of the EU. Ranking list of the EU Member States according to the Human Development Index values did not change substantially, suggesting that the Human Development Index inadequately responds to key socioenvironmental changes that occurred during the global financial economic crisis. At the same time, a number of countries show a sharp decline of the EU development index values, reflecting the impact of global economic crisis, while some countries with a high level of public debt and low confidence of the financial markets have remained in their positions by the both indexes in the year 2009. However, these countries most probably will be forced to make the considerable fiscal discipline measures, which inevitably will have an impact on GDP and income indicators in these countries, therefore their rankings in the coming years will deteriorate. Completely impartial assessment will be possible when countries with high debt levels will have balanced their budgets and economic growth will be based mostly on their own income and production instead of external cash flows and investment entering the country. It can be concluded that EU Development Index allows, in a more equitable fashion, to assess disparities of the EU Member States by development level and more rapidly reflect the rapid socio-economic change.

Out-of-school childcare: Exploring availability and quality in EU member states

2017 ◽  
Vol 27 (1) ◽  
pp. 25-39 ◽  
Author(s):  
Janneke Plantenga ◽  
Chantal Remery
Keyword(s):  
Participation Rate ◽  
Well Being ◽  
Structural Quality ◽  
Implicit Assumption ◽  
Full Time ◽  
Member States ◽  
Eu Member States ◽  
School Care ◽  
Out Of School

While a large number of studies focus on childcare facilities for preschool children, attention for out-of-school facilities is limited. The implicit assumption seems to be that facilities to combine work and care activities are less relevant once children reach the schoolgoing age. Yet, in most countries school hours are only part-time and not compatible with a full-time working week. This study adds to the literature by providing the first overview of the availability and quality of out-of-school childcare in 27 European Union (EU) member states. The results show that only a few EU countries have a well-developed infrastructure of out-of-school care services. In addition, the (structural) quality of out-of-school care varies across the member states. Given the importance of a supportive infrastructure, a further investment in comprehensive out-of-school care system remains important, both from the perspective of the (female) participation rate and the well-being of children.

Cross-Generational Investment Behavior and the Impact on Personal Finance

2018 ◽  
Vol 3 (2) ◽  
pp. 16-18 ◽  
Author(s):  
Alexander Zureck ◽  
Julius Reiter ◽  
Martin Svoboda
Keyword(s):  
Economic Development ◽  
Well Being ◽  
Convergence Theory ◽  
Socioeconomic Indicators ◽  
Social Situations ◽  
Member States ◽  
Eu Member States ◽  
Policy Goals ◽  
The Impact ◽  
The Eu

The purpose of this paper is to investigate socio-economic development condition and convergence evaluation in the EU-28 states in the context of the EU policy goals. The aim of this research is to estimate socioeconomic disparities and convergence problems in the European states by applying real valuations of well-being situations and economic development challenges in the EU member states. The research methodology is based on the European Commission legitimate documents application and socio-economic strategies, on the convergence theory and convergence scenario calculations along with socioeconomic forecasts analysis in the EU states. This research presents information about different socioeconomic indicators, indexes, and scheme of information`s flows for convergence level estimation. This study contains objectives and general outlines of period 2014-2020 in the framework of Europe as a whole, as well its impact on the EU member states economies and living conditions. Changes in the main socioeconomic concepts impact on EU convergence policy and rapidity of convergence depends on the initial discrepancy of the development level in the EU states. The efficiency of European convergence policy can also be improved by significant economic growth and by a clever choice of the country-specific social activities. This research investigates above information for social situations estimations in EU states as well as GDP growth, unemployment, population’s income level and different welfare indicators. The main results reflect the overall economic situation valuation in the EU countries and present European convergence policy’s impact on social development in the European states. The conclusions contain socio-economic situations appreciation in the context of European strategy goals and social inequality problems clarification in the EU states.

scholarly journals Do Changes in Welfare and Health Policy Affect Life Satisfaction of Older Citizens in Europe?

2017 ◽  
Vol 2017 ◽  
pp. 1-9 ◽  
Author(s):  
Marinela Olaroiu ◽  
Ioana Dana Alexa ◽  
Wim J. A. van den Heuvel
Keyword(s):  
Life Satisfaction ◽  
Health Policy ◽  
Economic Crisis ◽  
Social Protection ◽  
Well Being ◽  
European Countries ◽  
National Surveys ◽  
Policy Measures ◽  
Older Citizens

Objectives. Ageing of societies causes serious political concerns on well-being of old citizens and care for the (frail) old. These concerns increased with the economic crisis of 2008. In European countries policy measures were taken to deal with the consequences of this crisis. This study explores the possible effects of these measures on life satisfaction of older citizens. Methods. Life satisfaction was assessed through international surveys in 2007 and 2013 and changes in societal conditions, using eight indicators on demography, welfare, and health, are assessed in 31 European countries in 2006 and in 2014. Data are standardised and based on official, national surveys and statistics. Results. The former found that U-shape relationship between age and life satisfaction disappeared after the crisis. Negative changes in social protection and care arrangements, taken after the economic crisis, are related to low life satisfaction in old citizens. Conclusions. Various societal conditions deteriorated in 2014 as compared to 2006. Policy measures, taken due to the 2008 economic crisis, have changed societal conditions and affected life satisfaction of older citizens negatively. In countries with a rudimentary structure of health and welfare provisions old citizens could not cope with the imposed policy measures.

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