Golden Growth: Restoring the Lustre of the European Economic Model

By M. Raiser, I. Gill. 2012

198 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Political Science and International Relations, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/fc207a3f640f1c2b9c683415aac505eefcf2e842

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Evgenia Passari
2. Elias Papaioannou
3. S. Guriev
4. Yann Algan
5. Pierre Cahuc
6. Martin Halla
7. M. Lowe
8. Mara Madaleno

In Political Science and International Relations

1. Elias Papaioannou
2. S. Guriev
3. Yann Algan
4. Martin Halla

In Sociology and Political Science

1. Elias Papaioannou
2. S. Guriev
3. Yann Algan
4. Pierre Cahuc
5. Martin Halla
6. M. Lowe
7. Mara Madaleno
8. Carlos Pinho

Citations in the corpus

• The European Trust Crisis and the Rise of Populism (2017, background): “It has been successful in preserving peace and integrating into the European democratic model the “periphery” countries of southern and eastern Europe (Gill and Raiser, 2012).”
• Catch-up and fall-back through innovation and imitation (2013, unknown): “1 Chapter 5 of the World Bank Golden Growth publication (Gill and Raiser 2012) focuses on “Europe’s innovation deficit,” discussing the American “innovation machine” and the European “convergence machine.” Some of the main questions in Golden Growth are “whether Europe has fundamental flaws in its e”