Institutional Change after the Great Recession: European Growth Models at the Crossroads

This book combines demand-led growth models and the institutionalist approach to explain the macroeconomic performance of European countries and the institutional change since the Great Recession. It builds a Comparative Political Economy (CPE) analytical framework and provides an institutional base to the different European growth models. Each chapter includes case studies of France, Germany, Italy, Spain, Greece, Sweden, the UK, and Poland, analyzing the macroeconomic evolution and the situation of the labor market before and after the crisis. The book is aimed at students, university professors, researchers, doctoral students, and teaching staff interested in expanding their knowledge of the evolution of Europe today.

Format: Hardback
Length: 406 pages
Publication date: 13 August 2021
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate relationship between demand-led growth models and the institutionalist approach, offering a comprehensive explanation of the macroeconomic performance of key European countries in recent years. It then proceeds to provide a coherent explanation of the institutional change since the Great Recession, encompassing the economic policy response to the economic and financial crisis of 2008 and the debt crisis of 2010.

A Comparative Political Economy (CPE) analytical framework is established, providing a solid institutional base to the diverse European growth models across the period from 1995 to 2018. Through rigorous analysis, the book uncovers the connections between various growth dynamics and the transformations of the institutional framework triggered by the economic and financial crises.

In each chapter, dedicated case studies are presented, examining the unique characteristics of countries such as France, Germany, Italy, Spain, Greece, Sweden, the UK, and Poland. These chapters provide an introduction that highlights the country's background, significant changes that have taken place, particularly in terms of dualization or deregulation of European economies. Additionally, an in-depth analysis of the macroeconomic evolution and the state of the labor market before and after the crisis is conducted, drawing from a demand-side perspective. The book concludes by establishing the linkages between these two issues and characterizing the growth model that has emerged.

This book holds immense value for students and university professors seeking to delve into a wide range of subjects, spanning from Applied Economy to International Economic Structure. It is also an invaluable resource for researchers, doctoral students, and teaching staff who wish to expand their knowledge in the fields of comparative political economy, institutions, and the European Union. In essence, this book serves as a valuable tool for anyone seeking a deeper understanding of the complex dynamics driving European economies and the institutions that shape their development.

Weight: 730g
Dimension: 165 x 241 x 31 (mm)
ISBN-13: 9780367896980