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

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

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<p>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 Gra...

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Bibliographic Details
Main Author: Evangelos Vasileiou
Format: Article
Language:English
Published: Ümit Hacıoğlu 2014-03-01
Series:International Journal of Research In Business and Social Science
Subjects:
Political Stability
Financial Crisis
European Union
Inequalities
Immigration Policy
Economic Growth
Health And Education
Online Access:http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/270
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spelling doaj-4db8760a28df4f30940c1b563c0221952020-11-25T01:52:32ZengÜmit HacıoğluInternational Journal of Research In Business and Social Science2147-44782014-03-0131143169112Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.Evangelos Vasileiou0University of the Aegean<p>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.</p>http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/270Political StabilityFinancial CrisisEuropean UnionInequalitiesImmigration PolicyEconomic GrowthHealth And Education
collection DOAJ
language English
format Article
sources DOAJ
author Evangelos Vasileiou
spellingShingle Evangelos Vasileiou
Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.
International Journal of Research In Business and Social Science
Political Stability
Financial Crisis
European Union
Inequalities
Immigration Policy
Economic Growth
Health And Education
author_facet Evangelos Vasileiou
author_sort Evangelos Vasileiou
title Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.
title_short Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.
title_full Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.
title_fullStr Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.
title_full_unstemmed Political Stability and Fianancial Crisis: What the data say for the European Union’s countries.
title_sort political stability and fianancial crisis: what the data say for the european union’s countries.
publisher Ümit Hacıoğlu
series International Journal of Research In Business and Social Science
issn 2147-4478
publishDate 2014-03-01
description <p>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.</p>
topic Political Stability
Financial Crisis
European Union
Inequalities
Immigration Policy
Economic Growth
Health And Education
url http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/270
work_keys_str_mv AT evangelosvasileiou politicalstabilityandfianancialcrisiswhatthedatasayfortheeuropeanunionscountries
_version_ 1724994634786013184

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