Publication:
Golden Growth : Restoring the Lustre of the European Economic Model

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dc.contributor.authorRaiser, Martin
dc.contributor.authorGill, Indermit S.
dc.date.accessioned2012-04-27T07:41:52Z
dc.date.available2012-04-27T07:41:52Z
dc.date.issued2012-04-18
dc.description.abstractEurope's growth will have to be golden in yet another sense. Economic prosperity has brought to Europeans the gift of longer lives, and the continent's population has aged a lot over the last five decades. Over the next five, it will age even more by 2060; almost a third of Europeans will be older than 65 years. Europe will have to rebuild its structures to make fuller use of the energies and experience of its more mature population's people in their golden years. These desires and developments already make the European growth model distinct. Keeping to the discipline of the golden rule would make it distinguished. This report shows how Europeans have organized the six principal economic activities trade, finance, enterprise, innovation, labor, and government in unique ways. But policies in parts of Europe do not recognize the imperatives of demographic maturity and clash with growth's golden rule. Conforming growth across the continent to Europe's ideals and the iron laws of economics will require difficult decisions. This report was written to inform them. Its findings the changes needed to make trade and finance will not be as hard as those to improve enterprise and innovation; these in turn are not as arduous and urgent as the changes needed to restructure labor and government. Its message the remedies are not out of reach for a part of the world that has proven itself both intrepid and inclusive.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/04/16234385/golden-growth-restoring-lustre-european-economic-model
dc.identifier.doi10.1596/978-0-8213-8965-2
dc.identifier.isbn978-0-8213-8965-2
dc.identifier.other10.1596/978-0-8213-8965-2
dc.identifier.urihttps://hdl.handle.net/10986/6016
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectAVERAGE INCOME
dc.subjectBASE YEAR
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL INVESTMENTS
dc.subjectCD
dc.subjectCOMMON TRADE POLICY
dc.subjectCONVERGENCE HYPOTHESIS
dc.subjectCONVERGENCE PROCESS
dc.subjectCRITICAL SURVEY
dc.subjectCROSS COUNTRY
dc.subjectDIFFERENCES IN INCOME
dc.subjectECOLOGY
dc.subjectECONOMIC COMMUNITY
dc.subjectECONOMIC CONVERGENCE
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC WELFARE
dc.subjectECONOMICS
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL RESEARCH
dc.subjectEMPIRICAL STUDIES
dc.subjectEMPLOYMENT
dc.subjectENDOGENOUS GROWTH
dc.subjectENVIRONMENTAL PERFORMANCE
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE FLUCTUATIONS
dc.subjectEXCHANGE RATES
dc.subjectEXPLANATORY FACTORS
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL CRISES
dc.subjectFIXED COSTS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN TRADE
dc.subjectFOREST MANAGEMENT
dc.subjectFREE TRADE
dc.subjectFREE TRADE AREA
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH LITERATURE
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH THEORY
dc.subjectHUMAN CAPITAL
dc.subjectIMPORTING COUNTRY
dc.subjectINCOME
dc.subjectINCOME CONVERGENCE
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME DISTRIBUTION DATA
dc.subjectINCOME DISTRIBUTIONS
dc.subjectINCOME GAPS
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINCREASING RETURNS
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINFANT INDUSTRY ARGUMENT
dc.subjectINTEGRATING AREA
dc.subjectINTEREST RATES
dc.subjectINTERMEDIATE GOODS
dc.subjectINTERNAL TRADE
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRADE POLICY
dc.subjectINVESTMENT INFLOWS
dc.subjectKNOWLEDGE SPILLOVER
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOUR PRODUCTIVITY
dc.subjectLEGAL STATUS
dc.subjectLONG RUN
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL PRODUCT
dc.subjectMEMBER COUNTRIES
dc.subjectMEMBER STATES
dc.subjectMONETARY UNION
dc.subjectNATIONAL POLICIES
dc.subjectNATIONAL] POLICIES
dc.subjectNEOCLASSICAL GROWTH
dc.subjectNEOCLASSICAL GROWTH MODEL
dc.subjectNEOCLASSICAL GROWTH THEORY
dc.subjectOPEN ECONOMIES
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPOOR COUNTRIES
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPOVERTY REDUCTION
dc.subjectPREFERENTIAL TRADING
dc.subjectPREFERENTIAL TRADING AGREEMENTS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC CAPITAL
dc.subjectPURCHASING POWER
dc.subjectRETURNS TO SCALE
dc.subjectRISK PREMIUM
dc.subjectSTABILIZATION POLICIES
dc.subjectSTRUCTURAL CHANGE
dc.subjectTECHNICAL PROGRESS
dc.subjectTECHNOLOGICAL INNOVATION
dc.subjectTECHNOLOGY SPILLOVERS
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTRADE INTEGRATION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE OPENNESS
dc.subjectTRADE THEORY
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSITION PROCESS
dc.subjectTRANSPORT COSTS
dc.subjectWATER PRICING
dc.subjectWEALTH
dc.subjectWELFARE EFFECTS
dc.subjectWELFARE GAINS
dc.subjectEUROPEAN INTEGRATION
dc.subjectEUROPEAN UNION
dc.subjectCONVERGENCE (ECONOMICS)
dc.subjectINCOME LEVELS
dc.subjectEUROPEAN UNION MEMBERSHIP
dc.subjectSTANDARD OF LIVING
dc.subjectREGIONAL INTEGRATION
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectMACROECONOMIC STABILITY
dc.subjectCOMPETITION POLICY
dc.subjectHUMAN CAPITAL
dc.subjectREGIONAL POLICY
dc.subjectINCOME LEVELS
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectMACROECONOMIC STABILITY
dc.subjectCOMPETITION POLICY
dc.titleGolden Growth : Restoring the Lustre of the European Economic Modelen
dspace.entity.typePublication
okr.date.disclosure2012-04-19
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2012/04/16234385/golden-growth-restoring-lustre-european-economic-model
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeTrade and Competitiveness
okr.guid723961468032339818
okr.guid394981468251372492
okr.guid539371468036253854
okr.guid723131468249302500
okr.identifier.doi10.1596/978-0-8213-8965-2
okr.identifier.externaldocumentum000386194_20120420032146
okr.identifier.internaldocumentum16234385
okr.identifier.report68168
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/04/20/000386194_20120420032146/Rendered/PDF/681680PUB0EPI004019020120Box367902B.pdfen
okr.peerreviewAcademic Peer Review
okr.region.administrativeEurope and Central Asia
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicPoverty Reduction::Inequality
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitOffice of the Chief Economist (ECACE)
okr.volume1 of 1
relation.isAuthorOfPublication35c9d085-c8b0-5d0d-8b9f-3a535c096f92
relation.isAuthorOfPublication211cec36-3fba-5b57-91c5-72448bf62eb6
relation.isAuthorOfPublication.latestForDiscovery35c9d085-c8b0-5d0d-8b9f-3a535c096f92
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