Konjunkturelle Dynamik verstärkt sich wieder

Konjunkturaufschwung in Sachsen setzt sich fort

Zuversicht festigt Stimmungshoch

Frühjahrsbelebung weckt Optimismus

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The main objective of this thesis is to investigate the reciprocal direct relationship between political regimes, political instability and economic growth. However, there is a lack of fit between the political and economic science especially when it comes to political determinants of economic growth. Thus, this thesis sheds further light on the question: To what extent do political regimes and their stability affects economic performance with reference to 20 Western European countries. A panel regression analysis is employed, by adopting multiple measures of government performance. The findings suggest that political regimes have an effect on economic growth and this effect is not directly dependent upon the broader governmental structure and political environment. This thesis further examines the puzzle of the nature between political instability and economic growth in Western Europe, by using both a more comprehensive measure of political instability than has previously been developed, and Greek growth cycles form 1919 to 2008 as a case to explore the nature of the researched issue. The findings propose that the relationship between political instability (PI) and economic growth is parabolic and fragile. Furthermore, this thesis supports the intuition that political instability can slow economic growth through increasing uncertainty in economic policies. The results illustrate that economic growth and political instability are jointly determined and that governmental changes plays no significant role on economic growth (with exceptions in the case study), especially after extended spells of political stability. It appears that what matters is the longevity of the polity itself and the specific forms of political instability. Moreover, by using Greece as a case, this thesis shows that there is a strong negative link between political instability and the volatility of the economic outcomes.

The Great War changed completely the map of Central Europe. New states were called into being, whose first decade of existence was the period of some of the greatest problems that ever confronted Europe. The Great War dislocated the normal equilibrium of production and consumption, cutting down production and increasing production, thus disorganising industrial life as a whole. The post-war financial experiments of Central Europe which followed were unparalleled in the annals of economic history. Increasing expenditure, unbalanced budgets, and adverse balance of trade, characterise the post-war period. To study the experiments of some of the succession states in the field of 'Economic Nationalism' and to analyse the results achieved, together with the League of Nations action in these matters is the main purpose of this thesis.

Using newly derived panel data from NUTS 2 regions in Europe, the role of creative workers is systematically evaluated in this Ph.D. thesis. First of all, a Growth Accounting model is used together with two empirical models for testing the economic impact of creative workers and ICT. It appears that the development level of the creative economy is unbalanced across the main European regions. However, there is a complementary relationship between ICT and creative skills in explaining output and productivity growth. This thesis then develops an empirical model to investigate how creative workers are distributed across different European regions. The findings suggest that Florida’s (2013) theoretical framework has explanatory power in larger regions. In contrast, how well a local government performs has a substantial impact on the influx of creative workers among small-sized regions, and the overall quality of political institutions appears to enhance this process. Finally, this thesis briefly discusses the possible factors that could determine the outcome of creative jobs. The results imply that education background is generally consistent with creative job outcomes, but it is difficult to identify a clear boundary regarding creative jobs among occupations that require and use higher education.

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Konjunktur nimmt wieder Fahrt auf