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Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.

International Journal of Research in Business and Social Science

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Field Value
 
Title Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.
 
Creator Vasileiou, Evangelos; University of the Aegean
 
Subject A13; H60; I00
Political Stability; Financial Crisis; European Union; Inequalities; Immigration Policy; Economic Growth; Health And Education
 
Description This paper tries to examine in detail political stability in the European Union’s (EU) countries during the period 2002-12. Firstly, it examines the causality relationship between political stability and economic growth, which is an issue that has puzzled scholars for decades. Using the Granger causality test the empirical findings suggest that in the case of the EU’s countries, causality is one directional, moving from political stability to economic growth. Secondly, it examines the factors that affect political stability. Using the fixed effects panel data model, we may suggest that the long term recession, the increased unemployment ratios and the high levels of inflation significantly threaten political stability. However, there are other factors that are not exclusively due to economics, such as transparency, public health care, education etc., which may significantly reduce the previously mentioned consequences.  Finally, this study suggests some reforms of the EU’s regulation according to the migration policy that may smooth social and humanitarian disparities.
 
Publisher SSBFNET
 
Contributor —
 
Date 2014-03-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/270
 
Source International Journal of Research in Business and Social Science ( ISSN: 2147- 4478); Vol 3, No 1 (2014): January; 143-169
2147-4478
 
Language eng
 
Relation http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/270/337