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).

Economic polarization in Poland

2017 ◽  
Vol 62 (1) ◽  
pp. 41-61
Author(s):  
Tomasz Panek
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Income Inequality ◽  
The European Union ◽  
Polarization Process ◽  
Income Disparities ◽  
Income Polarization

The aim of this article is the evaluation whether social and economic policy implemented after the Polish accession to the European Union led to a reduction in income disparities of households in Poland. Variations of those disparities were analyzed by assessing changes in the degree of economic polarization. In addition, changes in income inequality were evaluated. Analyses of changes in the degree of income polarization and income inequality of households in Poland were carried out for the years 2000—2014. In the analysis of the polarization process polarization indices were applied and changes in income inequality were analyzed using inequality coefficients.

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 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.

scholarly journals QUALITY OF INSTITUTION AND ECONOMIC GROWTH OF THE COUNTRIES OF THE EUROPEAN UNION AND THE WESTERN BALKANS

2019 ◽  
pp. 117
Author(s):  
Vladimir Kostić ◽  
Samir Ljajić ◽  
Slobodan Cvetanović ◽  
Vladimir Nedić
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Positive Impact ◽  
The European Union ◽  
Western Balkans ◽  
Member States ◽  
Eu Member States ◽  
Governance Indicators ◽  
The Status

The paper analyzes the intensity of the influence of the quality of institutions according to the data from the World Bank's specialized Worldwide Governance Indicators database on the growth of gross domestic product per capita of 33 countries of Europe through linear and exponential regression analysis for the period from 1996 to 2016. The observed European countries are divided into three groups: 15 European Union member states in 1995; 13 EU member states from 2004, 2007 and 2013, as well as five countries of the Western Balkans that negotiate or have the status of a candidate for EU membership, in the period from 1996 to 2016. The results of the research have shown that the quality of the institutions had a very positive impact on the economic growth of the observed countries of Europe. According to statistics, positive interdependence is the most significant among the Western Balkan countries. The conclusion is that these countries have to pay special attention to the development of institutions in the process of joining the European Union.

scholarly journals Examining the Relationship between Income Inequality and Growth from the Perspective of EU Member States’ Stage of Development

2021 ◽  
Vol 13 (9) ◽  
pp. 5204
Author(s):  
Ionuț Jianu ◽  
Marin Dinu ◽  
Dragoș Huru ◽  
Alexandru Bodislav
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Income Inequality ◽  
Optimum Level ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Stage Of Development ◽  
The Impact ◽  
The Relationship

In this paper, we examined the relationship between income inequality and economic growth from the perspective of each country’s level of development in the European Union, this linkage being reviewed using the median of GDP per capita expressed in the purchasing power standard to split the European Union Member States into two clusters of 14 countries each. Furthermore, we estimated the impact of income inequality on economic growth during the 2010–2018 period at the level of both clusters using the Estimated Generalized Least Squares with a fixed effects method, reinforced by the cross-section weights option. Our results show that income inequality is positively linked to economic growth in the case of developed EU Member States, while for developing EU countries, income inequality is detrimental to growth. This also demonstrates that income gaps may have positive and negative effects on growth depending on the stage of development, this providing important evidence for the need to promote an optimum level of income inequality.

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Negative Balance ◽  
Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

STUDY OF THE IMPACT OF RAISING THE RETIREMENT AGE ON ECONOMIC GROWTH IN THE DIGITAL ECONOMY IN RUSSIA AND EUROPE

2020 ◽  
Author(s):  
Svetlana Apenko ◽  
◽  
Olga Kiriliuk ◽  
Elena Legchilina ◽  
Tatiana Tsalko ◽  
...  
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Economic Policy ◽  
Labor Relations ◽  
Pension Reform ◽  
Digital Economy ◽  
Institutional Changes ◽  
Retirement Age ◽  
The Impact

The article presents the results of a study of the impact of pension reform in Russia on economic growth and quality of life in a digital economy, taking into account the experience of raising the retirement age in Europe. The aim of the study was to identify and analyze the impact of raising the retirement age on economic growth in the context of the development of digitalization in Russia and a comparative analysis with European countries. Results: the studies conducted allowed us to develop a system of indicators characterizing the impact of raising the retirement age on economic growth and the quality of life of the population in the context of digitalization. The authors found that raising the retirement age leads to a change in labor relations in Russia and Europe. The application of the proposed indicators can be used in the formation of a balanced state socio-economic policy in the field of institutional changes in the field of labor relations and raising the retirement age. The study was carried out under a grant from the RFBR № 19-010-00362 А.

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.

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