ECONOMIC PERFORMANCE ANALYSIS OF EUROPEAN SOCIAL MODELS

The European economy faces many problems in the management of micro and macroeconomic aggregates. Over time, in Europe, have arose many European economic models that attempted to explain the efficient functioning of an economic mechanism. Most often many of these models have failed, but it seems that there is still one social welfare model desired by all economic agents operating throughout Europe.The hypothesis of the research assumes that the Scandinavian model is efficient, while Anglo-Saxon model, Continental and Mediterranean are inefficient. The purpose of this study is to highlight the efficient organization of Scandinavian model in relation to the other three. A high employment rate and productivity levels well above the European average places Scandinavia as the best economic model. The results are extracted from the application of statistical descriptive methods and correlation analysis.