scholarly journals Economic growth in the European Union

2006 ◽  
Vol 58 (4) ◽  
pp. 387-413 ◽  
Author(s):  
György Simon
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Policy ◽  
German Economy ◽  
The European Union ◽  
Mathematical Economics ◽  
Important Conclusion ◽  
Economic Relations ◽  
Empirical Results ◽  
The 1960S

According to the empirical results expounded in the paper, the European Union?s economic growth since the 1960s has proceeded in many respects in conformity with regularities similar to those of the German economy. A combined influence was exerted by growth mechanism regularities, economic policy and international economic relations. Using models of mathematical economics, the author analyses the main relationships. The most important conclusion on the basis of empirical results is that the relatively slow economic growth of our days may be accelerated by a switch to a growth-oriented economic policy.

scholarly journals ECONOMIC INEQUALITY AND POVERTY IN EUROPEAN UNION

2019 ◽  
Vol 17 (31) ◽  
Author(s):  
Božana Škorić ◽  
Jelena Bjelić ◽  
Marijana Nikolić ◽  
Luis Chirosa
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Policy ◽  
Income Inequality ◽  
Policy Instruments ◽  
The European Union ◽  
Education And Health ◽  
Statistical Connection ◽  
Excessive Accumulation

Excessive accumulation and raising income inequality re- flected on the high rates of poverty in the European Union countries. Economic literature has wide research on the link between income inequality and economic growth. However, knowledge about correlation between income inequality and poverty is scare. In this paper, we have proved that poverty is not synonymous for income ine- quality, but that is a product of income inequality. Income inequality, measured by the Gini coefficient, reflected the movement of the percentage of the population who are at risk of poverty. The coefficient of simple on correlation showed that income inequality affects the growth risk of poverty in the countries of the European Union. Besides poverty, as a consequence of income inequality, other socio-economic problems also appeared: the suppression of economic growth, the rise in crime rate, the decline in the quality of education and health, the political inequal- ity growth. All these problems should warn governments to take economic policy for reducing economic inequal- ity. The European Union, as an area of 28 member states, needs to carefully select economic policy instruments to reduce income inequality and ensure stable ground for economic growth. The differences between the level of development, the index of democracy, income and liv- ing standards in observed countries have influenced the difficulty in observing the problem and computing math- ematical and statistical connection. Through equalization of incomes, the European Union could solve problems of poverty, social exclusion and democracy (measured by index of democracy).

scholarly journals Germany and the European economy

2011 ◽  
Vol 63 (1) ◽  
pp. 52-98
Author(s):  
György Simon
Keyword(s):  
Economic Policy ◽  
Technical Progress ◽  
The European Union ◽  
Mathematical Economics ◽  
Economic Relations ◽  
Current Economic Crisis ◽  
International Economic Relations ◽  
Favorable Conditions ◽  
The Eu

Germany has traditionally been the powerhouse of the European economy and integration. In this article, an attempt is made to put its economic development in a European context by comparing it with the achievements of the total group of more developed members of the European Union, the EU-15, prior to the current global crisis. The author applies both the methods of statistical analysis and models of mathematical economics to show the combined influence of growth mechanism regularities, economic policy and international economic relations on the long-term development of the German and European economy. Viewing economic growth as the central problem, he investigates the factors of its deviations from the equilibrium state, as well as the regularities affecting productivity and technical progress. His main conclusion is that the current economic crisis can be surmounted with the help of a growthoriented economic policy based on the intensification of technical progress and, first of all, of its creative component, which would create favorable conditions for improving competitiveness.

scholarly journals Challenges for Economic Policy In Era of Economic Integration and Globalization

Equilibrium ◽  
2012 ◽  
Vol 7 (4) ◽  
pp. 7-20 ◽  
Author(s):  
Beata Skubiak
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Policy ◽  
Economic Integration ◽  
The European Union ◽  
Structural Policy ◽  
Polish Economy

In this article an attempt was made to answer the question of why economic policy must not only perceive the process of globalization and integration, but should also be led in a way which would exploit the opportunities created for the Polish economy by globalization and economic integration. This particularly applies to developing a long-term strategy for socio-economic growth, and implementation of structural policy, which is financed by the European Union.

Ensuring sustainable foreign economic relations of countries at the forefront and outskirts of the European Union

2020 ◽  
Vol 16 (10) ◽  
pp. 1980-1996
Author(s):  
T.S. Malakhova
Keyword(s):  
European Union ◽  
International Organizations ◽  
Economic Cooperation ◽  
Structure Model ◽  
Methodological Framework ◽  
The European Union ◽  
Early 21St Century ◽  
Economic Relations ◽  
Economic Bloc ◽  
The Eu

Subject. Foreign economic and trade ties among countries are getting tighter and less predictable in the early 21st century. This directly stems from a growing disparity of partners, especially if it goes about their future cooperation as part of integration groups or international organizations. Communities of experts suggest using various approaches to locally adjusting integration phases, especially implementing the two-speed integration in the European Union. Objectives. The study is an attempt to examine an improvement of foreign economic cooperation and suggest its implementation steps for the European Union. This all is due to considerable inner controversies and problems within the EU, which grow more serious year by year. Methods. The methodological framework comprises the historical logic, dialectical principles, scientific abstraction method. The process and system approach was especially important for justifying the implementation of the above steps. It was used to examine foreign economic relations of partners in the European Union. Results. The article sets forth the theoretical and methodological framework for the geostrategic economic bloc, including a conceptual structure model. I present steps to implement a foreign economic cooperation of partners in the EU in terms of its form. Conclusions and Relevance. Should the form of the foreign economic relations among the EU countries be implemented, counties at the periphery of the EU will be able to become active parties to the integration group.

Russia in the XXI century: a request for a new economic policy

2020 ◽  
pp. 8-23 ◽  
Author(s):  
R. Khasbulatov
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Western Europe ◽  
The European Union ◽  
New Economic Policy ◽  
The World ◽  
Economic Position

The author examines Russia’s economic position in the world in the XXI century, China’s economic and political infl uence on other countries, and analyzes the economy of the European Union, classifi es the experience of Western Europe as the most successful, while taking into account miscalculations and mistakes.

EUROPEAN FISCAL RULES AS A LIABILITY IN THE TRANSATLANTIC TRADE CONFLICT: LESSONS FROM NiGEM SIMULATIONS

2020 ◽  
Vol 254 ◽  
pp. R54-R66 ◽  
Author(s):  
Sebastian Dullien ◽  
Sabine Stephan ◽  
Thomas Theobald
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Fiscal Policy ◽  
Fiscal Rules ◽  
The European Union ◽  
Negative Effects ◽  
Transatlantic Trade ◽  
The Us ◽  
Trump Administration

Under the Trump administration, a transatlantic trade conflict has been escalating step by step. First, it was about tariffs on steel and aluminium, then about retaliation for the French digital tax, which is suspended until the end of the year. Most recently, the US administration threatened the European Union with tariffs on cars and car parts because of Canadian seafood being subject to lower import duties. As simulations with NiGEM show, a further escalation of the transatlantic trade conflict has the potential to slow down economic growth significantly in the countries involved. This is a considerable risk given the fact that the countries have to cope with the enormous negative effects of the pandemic shock. Furthermore, the damage caused by the trade conflict depends on the extent to which the affected countries use fiscal policy to stabilise their economies.

scholarly journals Social Aspects of Tourism Policy in the European Union. The Example of Poland and Slovakia

Economies ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 16 ◽  
Author(s):  
Aleksander Panasiuk ◽  
Ewa Wszendybył-Skulska
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Social Aspects ◽  
The European Union ◽  
The Social ◽  
Low Incomes ◽  
Research Gap ◽  
Tourism Policy ◽  
Tourism Economy ◽  
Sectoral Policy

Since the beginning of the 21st century, the European Union tourism policy has been increasingly focused on initiatives in the field of social tourism, which are one of the ways of achieving sustainable development in the European tourism economy. Most of the research projects that have so far been conducted in the field have focused on the benefits for its participants (subjective one: Children and youths, seniors, disabled people, people (families) with low incomes and/or unemployed, big families). However, there is a lack of research on the analysis of the place of social aspects of tourism in the general socio-economic policy of the state and, in a detailed aspect, in the sectoral policy represented by tourism policy, as well as its potential impact on the development of the national economy and meeting tourism needs of the society. The authors tried to fill this research gap in this study. The aim of the study is to differentiate the issues related to the social aspects of tourism policy from the entire socio-economic policy pursued in the European Union and selected member states (Poland and Slovakia). The article is of a theoretical–analytical–conceptual nature. Empirical research, due to the nature of its issues, was conducted with the use of qualitative research methods. The results of the conducted research showed that activities in the field of social tourism policy are conditioned by organizational solutions for the entities that undertake them, as well as economic ones, especially in the field of financing. Moreover, they made it possible to propose the concept of a model social tourism policy with an indication of its place in the European policy on the basis of the past and future EU financial perspectives.

scholarly journals The Importance of Maritime Transport for Economic Growth in the European Union: A Panel Data Analysis

2021 ◽  
Vol 13 (14) ◽  
pp. 7961
Author(s):  
Alexandra Fratila (Adam) ◽  
Ioana Andrada Gavril (Moldovan) ◽  
Sorin Cristian Nita ◽  
Andrei Hrebenciuc
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Maritime Transport ◽  
The European Union ◽  
Panel Data Regression ◽  
Green Investment ◽  
Port Infrastructure ◽  
The Impact

Maritime transport is one of the main activities of the blue economy, which plays an important role in the EU. In this paper, we aim to assess the impact of maritime transport, related investment, and air pollution on economic growth within 20 countries of the European Union, using eight panel data regression models from 2007 to 2018. Our results confirm that maritime transport, air pollutants (NOx and SO2) from maritime transport, and investment in maritime port infrastructure are indeed positively correlated with economic growth. In other words, an increase of 10% in these factors has generated an associated increase in economic growth rate of around 1.6%, 0.4%, 0.8%, and 0.7% respectively. Alongside the intensity of economic maritime activities, pollution is positively correlated with economic growth, and thus it is recommended that policymakers and other involved stakeholders act to diminish environmental impacts in this sector using green investment in port infrastructure and ecological ships, in accordance with the current European trends and concerns.

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