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Research output: Working paper
Research output: Working paper
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TY - UNPB
T1 - Economic Growth in the EU: Is Flexicurity a Help or a Hindrance?
AU - Ingham, Hilary Clistina
PY - 2018/5
Y1 - 2018/5
N2 - In the light of the recent economic crisis, flexicurity has permeated many European Union (EU) policies with the hope that more flexible labour markets alongside modern social security systems and active learning can reinvigorate economic growth. This paper employs a variant of the Solow growth model to examine the impact that flexicurity had on economic growth in 27 EU Member States for the years 2000 to 2015. Using principal components to capture the multi-faceted concept of flexicurity, the results reveal that, in isolation, flexicurity failed to provide any growth stimulus. Lifelong learning, active labour market policy and modern security systems proved However, incorporating the role of the social partners and trust into the model provided a more positive picture of the flexicurity-growth relationship.
AB - In the light of the recent economic crisis, flexicurity has permeated many European Union (EU) policies with the hope that more flexible labour markets alongside modern social security systems and active learning can reinvigorate economic growth. This paper employs a variant of the Solow growth model to examine the impact that flexicurity had on economic growth in 27 EU Member States for the years 2000 to 2015. Using principal components to capture the multi-faceted concept of flexicurity, the results reveal that, in isolation, flexicurity failed to provide any growth stimulus. Lifelong learning, active labour market policy and modern security systems proved However, incorporating the role of the social partners and trust into the model provided a more positive picture of the flexicurity-growth relationship.
KW - Economic Growth
KW - Flexicurity
KW - European Union
M3 - Working paper
T3 - Economics Working Papers Series
BT - Economic Growth in the EU: Is Flexicurity a Help or a Hindrance?
PB - Lancaster University, Department of Economics
CY - Lancaster
ER -