1st Edition

Competitiveness in the European Economy

Edited By Stefan Collignon, Piero Esposito Copyright 2014
232 Pages
by Routledge

232 Pages 58 B/W Illustrations
by Routledge

232 Pages 58 B/W Illustrations
by Routledge

This book deals with the relationship between the competitiveness of countries in Europe and the analysis of macroeconomic imbalances. It focuses mainly on a European analysis, along with special studies of the German economy, which is rarely considered to be a cause for the current crisis. The book also compares Germany with Italy, providing a comparative perspective on structural reforms.... Read more

Introduction PART I European imbalances and competitiveness 1. Taking European integration seriously: competitiveness, imbalances, and economic stability in the Euro Area 2. Unit Labour Costs and Capital Efficiency in the Euro Area: a new competitiveness indicator PART II Competitiveness and external trade 3. Is Germany’s model of export-led growth sustainable in a currency union? 4. Intra-European Imbalances, Competitiveness and External Trade: a comparison between Italy and Germany PART III The German model of labour market reforms 5. How promising is wage restraint for a large economy? The example of Germany before and during the current crises 6. Hartz IV and the Consequences: Did the Labour Market Reforms Destroy the German Model? 7. Hartz IV and the German model. A Comment 8. German reforms as a blueprint for Europe? PART IV Regional development: the Italian Mezzogiorno and former East Germany 9. Fiscal Federalism: What Lessons can Italy Learn from Germany? 10. Economic Development in East Germany since German Unification: Results, Shortcomings and Implications for Economic Policy 11. Mezzogiorno and Neue Bundesländer: what lessons can Germany learn from Italy?

Biography

Stefan Collignon is a Professor of Economic Policy at Sant Anna School of Advanced Studies, Pisa, Italy



Piero Esposito is a Post-Doctoral Researcher at Sant Anna School of Advanced Studies and researcher in internationalisation and international trade at Centro Europa Ricerche (CER), Italy