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Economic Miracles in the European Economies

  • Undertakes a theoretical and econometric analysis of intense economic growth in select European countries following World War II
  • Provides focused country studies rather than a broad continental approach
  • Analyzes economic and institutional factors that contributed to the periods of intensive economic growth
  • Interprets data from the periods of intense growth by incorporating aspects of imperfect knowledge economics, Neo-classical economics and Keynesian economics

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xv
  2. Economic Miracles in Growth Theory and in the Real Economy: An Overview

    1. Front Matter

      Pages 1-1
    2. Economic Miracles: An Introduction

      • Jerzy Boehlke, Magdalena Osińska
      Pages 3-10
    3. Factors of Economic Growth in Ireland

      • Małgorzata Szczepaniak
      Pages 79-97
    4. Determinants of Economic Growth in Israel

      • Yochanan Shachmurove
      Pages 99-121
  3. Statistical Identification and Econometric Modelling of Economic Miracles in Selected Economies

    1. Front Matter

      Pages 123-123
    2. Threshold Error Correction Model: A Methodological Overview

      • Maciej Gałecki, Magdalena Osińska
      Pages 151-173
    3. Econometric Analysis of Economic Miracles in Selected Economies Using TECM Approach

      • Jerzy Boehlke, Marcin Fałdziński, Maciej Gałecki, Magdalena Osińska
      Pages 175-230
    4. Economic Miracles in the Light of Imperfect Knowledge Economics

      • Jerzy Boehlke, Maciej Gałecki
      Pages 231-247

About this book

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.

Editors and Affiliations

  • Department of Econometrics and Statistics, The Faculty of Economic Sciences and Management, Nicolaus Copernicus University, Toruń, Poland

    Magdalena Osińska

About the editor

Magdalena Osińska is a full professor of economics in Nicolaus Copernicus University in Torun. She is a widely experienced academic teacher and a recognizable specialist in time series econometrics, financial econometrics and applied econometrics and statistics. Her publications concern different aspects of economic and financial issues, such as testing for causality in economics, risk transfer across financial markets, experimental economics, business cycle analysis as well as econometric modeling of growth. She gained her academic experience in Poland, United Kingdom, Finland, Portugal, Kazakhstan, Georgia, Latvia and other countries. Prof. M. Osińska is the head of PhD studies in economics at NCU in Torun, a member of the Committee of Statistics and Econometrics of Polish Academy of Sciences and the editor in chief of the periodical Statistical Review issued in Poland.

Bibliographic Information

  • Book Title: Economic Miracles in the European Economies

  • Editors: Magdalena Osińska

  • DOI: https://doi.org/10.1007/978-3-030-05606-3

  • Publisher: Springer Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Nature Switzerland AG 2019

  • Hardcover ISBN: 978-3-030-05605-6Published: 06 March 2019

  • eBook ISBN: 978-3-030-05606-3Published: 25 February 2019

  • Edition Number: 1

  • Number of Pages: XV, 247

  • Number of Illustrations: 5 b/w illustrations, 22 illustrations in colour

  • Topics: Economic Growth, Econometrics, Economic History, European Economics

Buy it now

Buying options

eBook USD 109.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 139.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access