REGIONAL DEVELOPMENT STRATEGIES AND POLICIES IS FEDERALISM BETTER FROM ECONOMIC POINT OF VIEW?
Autor (i): Alina Georgeta, Ailincă
JEL: G01, E63, Z18
Cuvinte cheie: federalism, stabilization, crisis, EU28
Abstract:
Everything we knew to be well-defined economically, politically and socially before COVID-19 seems like a thing of the past. The pandemic has swept all countries of the world, and Europe and especially the European Union makes no difference. Thus, this article aims to investigate empirically, through quarterly data, before and during the pandemic, whether federalism offers a better economic and social response compared to the unitary state regime, analyzing in tandem the realities of three federal states (Germany, Belgium and Austria) with developments of three states with other political regimes of the EU28.
Everything we knew to be well-defined economically, politically and socially before COVID-19 seems like a thing of the past. The pandemic has swept all countries of the world, and Europe and especially the European Union makes no difference. Thus, this article aims to investigate empirically, through quarterly data, before and during the pandemic, whether federalism offers a better economic and social response compared to the unitary state regime, analyzing in tandem the realities of three federal states (Germany, Belgium and Austria) with developments of three states with other political regimes of the EU28.
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