Making the Case for a Gender-aware, Investment-led Recovery for Europe

Bargawi, Hannah; Cozzi, Giovanni

Abstract

Using the Cambridge Alphametrics Model (CAM), a structuralist macroeconomic model, this chapter compares and contrasts the economic and social consequences of continuing with business-as-usual austerity policies versus implementing a gender-equitable, investment-led alternative in Europe. The results show that economic growth and increased employment can be achieved simultaneously via the adoption of gender-aware expansionary macroeconomic policies and by gendering government expenditure (ie investing in services that generate female employment and enhance women’s well-being). This chapter argues that such a macroeconomic strategy would lead to substantial gains in job creation for women and men, accelerated growth and reductions in government debts and fiscal deficits.

Citation

Bargawi, H., & Cozzi, G. (2016). Making the Case for a Gender-aware, Investment-led Recovery for Europe. In H. Bargawi, G. Cozzi, & S. Himmelweit (Eds.), Economics and Austerity in Europe: Gendered Impacts and Sustainable Alternatives (137-154). Routledge

• Publication Date: Aug 23, 2016
• Deposit Date: Jun 29, 2016
• Publisher: Routledge
• Pages: 137-154
• Series Title: Routledge IAFFE Advances in Feminist Economics
• Series ISSN: 2155-448X
• Book Title: Economics and Austerity in Europe: Gendered Impacts and Sustainable Alternatives
• ISBN: 9781138646087
• Publisher URL: https://www.routledge.com/Economics-and-Austerity-in-Europe-Gendered-impacts-and-sustainable-alternatives/Bargawi-Cozzi-Himmelweit/p/book/9781138646087