Economic Miracles in the European Economies

This book undertakes a theoretical and econometric analysis of intense economic growth in selected European countries during the end of the twentieth century and the beginning of the twenty first. Focusing on the accelerated economic growth that occurred in Ireland, the Netherlands, Spain, and Turkey, this book investigates the determinants and consequences of this miracle growth and discusses them in context of growth and development processes observed in European market-type economies after the World War II. Using imperfect knowledge economics (IKE) as a theoretical framework to interpret the empirical results, this book provides a fresh theoretical perspective in comparison with current Neo-classical, Keynesian and institutional paradigms. With this systematic approach, the authors seek to provide a unified methodology for evaluating the phenomenon of intense economic growth that has heretofore been missing from the discipline. Combining diverse theoretical and methodological strategies to provide a holistic understanding of the historical process of economic change, this volume will be of interest to students and scholars of economic growth, econometrics, political economy, and the new institutional economics as well as policymakers.

Undertakes a theoretical and econometric analysis of intense economic growth in select European countries following World War II Provides focused country studies rather than a broad continental approach Analyzes economic and institutional factors that contributed to the periods of intensive economic growth Interprets data from the periods of intense growth by incorporating aspects of imperfect knowledge economics, Neo-classical economics and Keynesian economics

Auteur
Magdalena Osiska is a full professor of economics in Nicolaus Copernicus University in Torun. She is a widely experienced academic teacher and a recognizable specialist in time series econometrics, financial econometrics and applied econometrics and statistics. Her publications concern different aspects of economic and financial issues, such as testing for causality in economics, risk transfer across financial markets, experimental economics, business cycle analysis as well as econometric modeling of growth. She gained her academic experience in Poland, United Kingdom, Finland, Portugal, Kazakhstan, Georgia, Latvia and other countries. Prof. M. Osiska is the head of PhD studies in economics at NCU in Torun, a member of the Committee of Statistics and Econometrics of Polish Academy of Sciences and the editor in chief of the periodical Statistical Review issued in Poland.

Contenu

Preface.- Part I: Economic Miracles in Growth Theory and in the Real Economy An Overview.- Chapter 1 Economic Miracles Introduction.- Chapter 2 Intense Economic Growth in Economic History and Economic Theory.- Chapter 3 Political Determinants of Government Structure and Economic Performance in Turkey since 1950.- Chapter 4 Determinants of Economic Growth in Spain a Historical Viewpoint.- Chapter 5 Factors of Economic Growth in Ireland.- Chapter 6 Determinants of Economic Growth in Israel.- Part II. Statistical Identification and Econometric Modelling of Economic Miracles in Selected Economies.- Chapter 7 Testing for Structural Breaks in Macroeconomic Processes of Growth.- Chapter 8 Threshold Error Correction Model A Methodological Overview.- Chapter 9 Econometric Analysis of Economic Miracles in Selected Economies using the TECM Approach.- Chapter 10 Economic Miracles in the Light of Imperfect Knowledge Economics.