Giovanni Cozzi

Bio: Giovanni Cozzi is an academic researcher from University of Greenwich. The author has contributed to research in topics: Investment (macroeconomics) & Austerity. The author has an hindex of 6, co-authored 30 publications receiving 117 citations. Previous affiliations of Giovanni Cozzi include SOAS, University of London.

7. Investment-led Growth: A Solution to the European Crisis

Abstract: A major plank for both recovery of the European economy and for its structural transformation is a significant increase in investment, particularly if linked to innovation. Higher investment can accelerate recovery in the short-term, by contributing to expand aggregate demand, but is as-or more important for increasing the future output and structural transformation. In this paper, we argue that for a significant increase in European Investment to occur, it is necessary to have a two pronged approach. One is to use regional and national development banks and national development banks to help catalyse investment. The other is to reduce the pace of fiscal consolidation, so that public investment does not continue to fall. Using the Cambridge Alphametric Model (CAM) we compare and contrast an austerity scenario, which project current austerity trends in Europe till 2025, with an ‘investment-focused’ scenario where investment rates are increases further in the context of an expansion in lending by both the European Investment Bank (EIB) and national development banks, and at the same time governments pursue more expansionary fiscal policies in order to stimulate investment and economic growth further. Our analysis gives a strong illustration of the positive role that development banks can and do play in helping economic recovery after crisis and in achieving structural transformation.

Economics and Austerity in Europe: Gendered Impacts and Sustainable Alternatives

Abstract: This book brings together the research of leading feminist economists in the area of gender and austerity economics. By conducting a rigorous gender-impact analysis at national and pan-European levels, not only do the chapters of the book offer thorough evidence for the detrimental gender-impact of austerity policies across Europe, but they also provide readers with concrete suggestions of alternative policies that national governments and the European Union should adopt. The focus is on the creation of gender-equitable economic policies for Europe, where expansionary fiscal policies and investment in physical infrastructure are accompanied by investment in social infrastructure and the care economy. A combination of country case studies and cross-country empirical analysis reveals the scope and channels through which women and men have been impacted by austerity policies in Europe and goes on to offer readers the opportunity to assess the feasibility and implications of a feminist alternative to continued austerity. This book is invaluable to social science students and researchers as well as policy-makers searching not just for a Plan B to continued austerity policies but for a Plan F – a feminist economic strategy to stimulate sustainable economic recovery.

Engendering Economic Recovery: Modelling Alternatives to Austerity in Europe

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 b...

Progressive structural reforms. Proposals for European reforms to reduce inequalities and promote jobs, growth and social investment

Abstract: This publication has been produced with the fi nancial support of the European Union. The information contained in this publication does not necessarily refl ect the position or opinion of the European Commission. SOLIDAR is a European network of membership based Civil Society Organisations who gather several millions of citizens throughout Europe and worldwide. SOLIDAR voices the values of its member or ganisations to the EU and international institutions across the three main policy sectors; social affairs, lifelong learning and international cooperation.

5. The Roles of Development Banks: How They Can Promote Investment in Europe and Globally

Abstract: The financial sector should help support the real economy. To achieve this key positive role the financial sector needs to encourage and mobilize savings, intermediate these savings at low cost, ensure savings are channelled into efficient investment (including in innovation and structural change) as well as helping manage the risks for individuals and enterprises. In the context of industrial policy, it should help fund new sectors and deepen existing ones, to support national and regional development strategies. Ideally, the financial sector could help societies acquire and accumulate learning, valuable for increasing productivity, especially in a dynamic sense (Stiglitz and Greenwald, 2014).

Liste de publications de CEVIPOL

Abstract: Ouvrages publiés à titre de seul auteur Accepté pour publication Merlin, A. (s.d.). Le Caucase russe: des mobilisations à la verticale du pouvoir. Petra. 2014 Brack, N. (2014, mai 01). L'euroscepticisme au sein du parlement européen: Stratégies d'une opposition anti-système au coeur des institutions. Luxembourg: Larcier.