Economic Miracles in the European Economies
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This book undertakes a theoretical and econometric analysis of intense economic growth in selected European countries during the end of the twentieth century and the beginning of the twenty first. Focusing on the accelerated economic growth that occurred in Ireland, the Netherlands, Spain, and Turkey, this book investigates the determinants and consequences of this “miracle” growth and discusses them in context of growth and development processes observed in European market-type economies after the World War II. Using imperfect knowledge economics (IKE) as a theoretical framework to interpret the empirical results, this book provides a fresh theoretical perspective in comparison with current Neo-classical, Keynesian and institutional paradigms. With this systematic approach, the authors seek to provide a unified methodology for evaluating the phenomenon of intense economic growth that has heretofore been missing from the discipline. Combining diverse theoretical and methodological strategies to provide a holistic understanding of the historical process of economic change, this volume will be of interest to students and scholars of economic growth, econometrics, political economy, and the new institutional economics as well as policymakers. Front Matter ....Pages i-xv Front Matter ....Pages 1-1 Economic Miracles: An Introduction (Jerzy Boehlke, Magdalena Osińska)....Pages 3-10 Intense Economic Growth in Economic History and Economic Theory (Jerzy Boehlke)....Pages 11-34 Political Determinants of Government Structure and Economic Performance in Turkey Since 1950 (Ali T. Akarca)....Pages 35-60 Determinants of Economic Growth in Spain: A Historical Viewpoint (Rafael Myro)....Pages 61-78 Factors of Economic Growth in Ireland (Małgorzata Szczepaniak)....Pages 79-97 Determinants of Economic Growth in Israel (Yochanan Shachmurove)....Pages 99-121 Front Matter ....Pages 123-123 Testing for Structural Breaks in Macroeconomic Processes of Growth (Marcin Fałdziński)....Pages 125-150 Threshold Error Correction Model: A Methodological Overview (Maciej Gałecki, Magdalena Osińska)....Pages 151-173 Econometric Analysis of Economic Miracles in Selected Economies Using TECM Approach (Jerzy Boehlke, Marcin Fałdziński, Maciej Gałecki, Magdalena Osińska)....Pages 175-230 Economic Miracles in the Light of Imperfect Knowledge Economics (Jerzy Boehlke, Maciej Gałecki)....Pages 231-247
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