A Comparative Analysis of Financialization between the US and Europe

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Bibliographic Details
Main Author: Csontos Márton
Other Authors: Czelleng Ádám
Magyar Attila
Format: Thesis
Kulcsszavak:Amerikai Egyesült Államok
Definancialization
Deindustrialization
economic growth
Európa
Financialization
inequality
Online Access:http://dolgozattar.uni-bge.hu/58024
Description
Abstract:This thesis examines the impact of financialization on economic growth, deindustrialization, and income inequality in the US and EU from 2013 to 2023. Using mixed methods panel regression for the EU and time series for the US it finds that financialization negatively affects growth and industrial output, especially in the US, and exacerbates income inequality. The study highlights institutional differences, the role of shareholder value, and explores future trajectories, including definancialization and the challenges posed by climate risk and digitalization.