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Bargawi, Hannah and Cozzi, Giovanni (2017) 'Engendering Economic Recovery: Modelling Alternatives to Austerity in Europe.' Feminist Economics, 23 (4). pp. 225-249.

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Abstract

This article explores a gendered expansionary macroeconomic scenario for Europe as an alternative to current austerity policies over the medium term. Using a non-equilibrium structuralist macroeconomic model, it demonstrates that the dual aim of economic growth and increases in men’s and women’s employment can be achieved by adopting gender-sensitive expansionary macroeconomic policies. Based on historical data series, three scenarios for Europe for the 2015–25 period are compared: continued austerity, a gender-neutral expansionary scenario, and a gendered expansionary scenario. Projections for the gendered expansionary scenario suggest that 7.4 million more jobs could be created for women in the Eurozone and United Kingdom by reversing austerity policies and gendering and increasing government expenditure and private investment. Further, higher growth rates under this scenario lead to significant reductions of debt-to-GDP ratios and lower budget deficits. The study recommends Europe should roll back austerity policies and embark on a new gender-aware economic trajectory.

Item Type: Journal Article
Keywords: Europe, crisis, austerity, fiscal policies, employment, gender inequality
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISSN: 13545701
Copyright Statement: © 2017 IAFFE. This is an Accepted Manuscript of an article published by Taylor & Francis in Feminist Economics on 18 July 2017, available online: https://doi.org/10.1080/13545701.2017.1344775
DOI (Digital Object Identifier): https://doi.org/10.1080/13545701.2017.1344775
Date Deposited: 10 Feb 2017 12:43
URI: https://eprints.soas.ac.uk/id/eprint/23609

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