Cozzi, Giovanni and Bargawi, Hannah (2016) Making the case for a gender-aware, Investment-led recovery for Europe. In: Bargawi, Hannah, Cozzi, Giovanni and Himmelweit, Susan, (eds.) Economics and Austerity: Gender Impacts and Sustainable Alternatives for Europe. Routledge IAFFE Advances in Feminist Economics . Routledge, Francis & Taylor, London, UK. ISBN 9781138646087

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Abstract

This chapter traces the roots of the current economic and social situation in Europe, recognising the role played by policy choices that have also led to increasing gender divisions. Given this status quo, the chapter makes the case for an alternative gender-equitable, investment-led recovery. Using a macroeconomic model, the Cambridge Alphametrics Model, the chapter compares and contrasts the economic and social consequences of these two scenarios: business-as-usual and a gender-equitable, investment-led alternative. The results show that the aims of economic growth and increased employment targeted at women can be achieved via the adoption of gender-sensitive expansionary macroeconomic policies. Such a macroeconomic strategy is economically feasible, leading to substantial gains in terms of job creation for both women and men, as well as accelerated growth and reductions in dependency costs, government debts and fiscal deficits. Thus, the recommendations that stem from this analysis are to significantly increase public and private investment in both social and physical infrastructure; and to slowdown the pace of fiscal consolidation.

Item Type:	Book Section
Additional Information:	© 2017 – Routledge
Uncontrolled Keywords:	Investment, Gender economics, Social infrastructure, Jobs
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of International Business & Economics Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified:	04 Aug 2021 16:33
URI:	http://gala.gre.ac.uk/id/eprint/14302

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