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An Agenda for a Growing EuropeThe Sapir Report$
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An Agenda for a Growing Europe: The Sapir Report

André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, Helen Wallace, Marco Buti, Mario Nava, and Peter M. Smith

Print publication date: 2004

Print ISBN-13: 9780199271481

Published to Oxford Scholarship Online: July 2005

DOI: 10.1093/0199271488.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 January 2021

Economic performance: Growth, stability, and cohesion

Economic performance: Growth, stability, and cohesion

Chapter:
(p.27) 4 Economic performance: Growth, stability, and cohesion
Source:
An Agenda for a Growing Europe
Author(s):

André Sapir (Contributor Webpage)

Philippe Aghion (Contributor Webpage)

Giuseppe Bertola

Martin Hellwig (Contributor Webpage)

Jean Pisani-Ferry (Contributor Webpage)

Dariusz Rosati

José Viñals

Helen Wallace

Marco Buti

Mario Nava

Peter M. Smith

Publisher:
Oxford University Press
DOI:10.1093/0199271488.003.0004

This chapter presents an in-depth analysis of the European Union’s economic performance in terms of growth, macroeconomic stability, and cohesion. The discussion on growth focuses on long-term economic performance, the reasons behind Europe’s slow growth, educational attainment and expenditure, new entry and product markets, innovation, finance, and labour markets. Macroeconomic stability covers the importance of stability, good practices vs. good luck in achieving stability, macroeconomic policies in the EU, and the European Monetary Union. Under cohesion, the theoretical motivation and effects of European redistribution policies are reviewed, including the evolution of regional and interpersonal inequality in last decades.

Keywords:   European Union, economic performance, growth, macroeconomic stability, cohesion

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