Daly, Kevin, Munday, Tim, (2015), “Accounting for differences in Europe’s post-Crisis growth”, Voxeu, 28 November
The fallout from the Global Crisis and its aftermath has been deeply damaging for European output. This column uses a growth accounting framework to explore the pre-Crisis and post-Crisis growth dynamics of several European countries. The weakness of post-Crisis real GDP in the Eurozone manifested itself in a decline in employment and average hours worked. However, decomposing growth for the Eurozone as a whole conceals significant differences across European countries, in both real GDP growth and its factor inputs.
Relevant Posts
- Aiyar, Shekhar, Ilyina, Anna, (2015), “A Strategy for Resolving Europe’s Problem Loans”, IMF Direct blog, 24 September
- Danielsson, J. (2015) “Post-Crisis banking regulation: Evolution of economic thinking as it happened on Vox”, VoxEU Organisation, 02 March.