2015

What Matters for Growth in Europe? Institutions versus Policies, Quality versus Instability

Reprint No. 2015:9

Author(s): Niclas Berggren, Andreas Bergh and Christian BjørnskovYear: 2015 Title: Journal of Economic Policy Reform Volume (No.): 18 (1) Pages: 69–88
Online article (restrictions may apply)


We study how the quality and instability of institutions and policies affect economic growth in 35 European countries. While stability entails valuable predictability, instability can reflect reforms that offer positive long-run consequences. We construct measures of quality and instability for a panel of countries for 1984–2009. Results suggest that the quality of policy is growth-promoting. Notably, this positive effect becomes larger the more unstable policies are. The findings suggest that for European countries, the benefits of policy flexibility – due to experimentation and learning or making rent seeking more difficult – dominate the costs of reduced predictability.


Reference:
Berggren, Niclas, Andreas Bergh and Christian Bjørnskov (2015), "What Matters for Growth in Europe? Institutions versus Policies, Quality versus Instability". Journal of Economic Policy Reform 18(1), 69–88.

Niclas Berggren

Contact

Ph: +46 8 665 4520
niclas.berggren@ifn.se

Andreas Bergh

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Mob: 070 779 0734
andreas.bergh@ifn.se

Christian Bjørnskov

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Ph: +45 87 16 48 19
Mob: +45 20 12 03 84
chbj@econ.au.dk

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

Pages-from-2019-Calmfors-Gassen---Integrating-Immigrants-into-the-Nordic-Labour-Markets.gif

Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

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