Golden Growth : Restoring the Lustre of the European Economic Model

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collection.link.47
https://openknowledge.worldbank.org/handle/10986/2155
collection.name.47
Europe and Central Asia Studies
dc.contributor.author
Raiser, Martin
dc.contributor.author
Gill, Indermit S.
dc.date.accessioned
2012-04-27T07:41:52Z
dc.date.available
2012-04-27T07:41:52Z
dc.date.issued
2012-04-18
dc.date.lastModified
2021-04-23T14:02:24Z
dc.description.abstract
Europe'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.identifier
http://documents.worldbank.org/curated/en/2012/04/16234385/golden-growth-restoring-lustre-european-economic-model
dc.identifier.isbn
978-0-8213-8965-2
dc.identifier.other
10.1596/978-0-8213-8965-2
dc.identifier.uri
http://hdl.handle.net/10986/6016
dc.language
English
dc.publisher
Washington, DC: World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
AVERAGE INCOME
dc.subject
BASE YEAR
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL INVESTMENTS
dc.subject
CD
dc.subject
COMMON TRADE POLICY
dc.subject
CONVERGENCE HYPOTHESIS
dc.subject
CONVERGENCE PROCESS
dc.subject
CRITICAL SURVEY
dc.subject
CROSS COUNTRY
dc.subject
DIFFERENCES IN INCOME
dc.subject
ECOLOGY
dc.subject
ECONOMIC COMMUNITY
dc.subject
ECONOMIC CONVERGENCE
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC INTEGRATION
dc.subject
ECONOMIC REFORM
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIC WELFARE
dc.subject
ECONOMICS
dc.subject
EMPIRICAL ANALYSIS
dc.subject
EMPIRICAL EVIDENCE
dc.subject
EMPIRICAL LITERATURE
dc.subject
EMPIRICAL RESEARCH
dc.subject
EMPIRICAL STUDIES
dc.subject
EMPLOYMENT
dc.subject
ENDOGENOUS GROWTH
dc.subject
ENVIRONMENTAL PERFORMANCE
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATE FLUCTUATIONS
dc.subject
EXCHANGE RATES
dc.subject
EXPLANATORY FACTORS
dc.subject
EXTERNALITIES
dc.subject
FINANCIAL CRISES
dc.subject
FIXED COSTS
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN TRADE
dc.subject
FOREST MANAGEMENT
dc.subject
FREE TRADE
dc.subject
FREE TRADE AREA
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GROSS FIXED CAPITAL FORMATION
dc.subject
GROWTH LITERATURE
dc.subject
GROWTH MODEL
dc.subject
GROWTH MODELS
dc.subject
GROWTH PERFORMANCE
dc.subject
GROWTH THEORY
dc.subject
HUMAN CAPITAL
dc.subject
IMPORTING COUNTRY
dc.subject
INCOME
dc.subject
INCOME CONVERGENCE
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME DISTRIBUTION DATA
dc.subject
INCOME DISTRIBUTIONS
dc.subject
INCOME GAPS
dc.subject
INCOME INEQUALITY
dc.subject
INCOME LEVELS
dc.subject
INCOMES
dc.subject
INCREASING RETURNS
dc.subject
INDUSTRIALIZED COUNTRIES
dc.subject
INFANT INDUSTRY ARGUMENT
dc.subject
INTEGRATING AREA
dc.subject
INTEREST RATES
dc.subject
INTERMEDIATE GOODS
dc.subject
INTERNAL TRADE
dc.subject
INTERNATIONAL TRADE
dc.subject
INTERNATIONAL TRADE POLICY
dc.subject
INVESTMENT INFLOWS
dc.subject
KNOWLEDGE SPILLOVER
dc.subject
LABOR PRODUCTIVITY
dc.subject
LABOUR PRODUCTIVITY
dc.subject
LEGAL STATUS
dc.subject
LONG RUN
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARGINAL PRODUCT
dc.subject
MEMBER COUNTRIES
dc.subject
MEMBER STATES
dc.subject
MONETARY UNION
dc.subject
NATIONAL POLICIES
dc.subject
NATIONAL] POLICIES
dc.subject
NEOCLASSICAL GROWTH
dc.subject
NEOCLASSICAL GROWTH MODEL
dc.subject
NEOCLASSICAL GROWTH THEORY
dc.subject
OPEN ECONOMIES
dc.subject
PER CAPITA GROWTH
dc.subject
PER CAPITA INCOME
dc.subject
POOR COUNTRIES
dc.subject
POSITIVE EXTERNALITIES
dc.subject
POVERTY REDUCTION
dc.subject
PREFERENTIAL TRADING
dc.subject
PREFERENTIAL TRADING AGREEMENTS
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PUBLIC CAPITAL
dc.subject
PURCHASING POWER
dc.subject
RETURNS TO SCALE
dc.subject
RISK PREMIUM
dc.subject
STABILIZATION POLICIES
dc.subject
STRUCTURAL CHANGE
dc.subject
TECHNICAL PROGRESS
dc.subject
TECHNOLOGICAL INNOVATION
dc.subject
TECHNOLOGY SPILLOVERS
dc.subject
TECHNOLOGY TRANSFER
dc.subject
TRADE INTEGRATION
dc.subject
TRADE LIBERALIZATION
dc.subject
TRADE OPENNESS
dc.subject
TRADE THEORY
dc.subject
TRANSACTION COSTS
dc.subject
TRANSITION ECONOMIES
dc.subject
TRANSITION PROCESS
dc.subject
TRANSPORT COSTS
dc.subject
WATER PRICING
dc.subject
WEALTH
dc.subject
WELFARE EFFECTS
dc.subject
WELFARE GAINS
dc.subject
EUROPEAN INTEGRATION
dc.subject
EUROPEAN UNION
dc.subject
CONVERGENCE (ECONOMICS)
dc.subject
INCOME LEVELS
dc.subject
EUROPEAN UNION MEMBERSHIP
dc.subject
STANDARD OF LIVING
dc.subject
REGIONAL INTEGRATION
dc.subject
TECHNOLOGICAL CHANGE
dc.subject
FOREIGN DIRECT INVESTMENTS
dc.subject
MACROECONOMIC STABILITY
dc.subject
COMPETITION POLICY
dc.subject
HUMAN CAPITAL
dc.subject
REGIONAL POLICY
dc.subject
INCOME LEVELS
dc.subject
TECHNOLOGICAL CHANGE
dc.subject
FOREIGN DIRECT INVESTMENTS
dc.subject
MACROECONOMIC STABILITY
dc.subject
COMPETITION POLICY
dc.title
Golden Growth : Restoring the Lustre of the European Economic Model
en
okr.date.disclosure
2012-04-19
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://documents.worldbank.org/curated/en/2012/04/16234385/golden-growth-restoring-lustre-european-economic-model
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Poverty
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-8965-2
okr.identifier.externaldocumentum
000386194_20120420032146
okr.identifier.internaldocumentum
16234385
okr.identifier.report
68168
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/04/20/000386194_20120420032146/Rendered/PDF/681680PUB0EPI004019020120Box367902B.pdf
en
okr.peerreview
Academic Peer Review
okr.region.administrative
Europe and Central Asia
okr.topic
International Economics and Trade :: Trade and Regional Integration
okr.topic
Poverty Reduction :: Inequality
okr.topic
Economic Theory and Research
okr.topic
Environmental Economics and Policies
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Macroeconomics and Economic Growth
okr.topic
Environment
okr.unit
Office of the Chief Economist (ECACE)
okr.volume
1 of 1

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