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A Structural Analysis of European Union Economy

Author

Listed:
  • Liliana DUGULEANA

    (Transilvania University of Brasov)

  • Constantin DUGULEANA

    (Transilvania University of Brasov)

  • Steliana BUSUIOCEANU

    (Transilvania University of Brasov)

Abstract

Based on the input-output analysis, the paper characterizes the structure of European economy in 2010 and 2011, on six main economic sectors. The sectoral structures of backward and forward linkages, and their absolute effects starting from the final demand, were compared with the real structures of sectors output, sectoral imports, sectoral value added, in 2011 face to 2010. The changes in final demand and in sectoral output can be analyzed in the propagation processes of the inter-sectoral economic flows, and allow us to know the behavior at macroeconomic level of European economy. The common economic policies at European level can be undertaken to keep the equilibrium between different sectors, to stimulate the sectors with high levels of productivity, to ensure the efficiency of using the resources, and the sustainability of economic development, which are the purposes of a smart development.

Suggested Citation

  • Liliana DUGULEANA & Constantin DUGULEANA & Steliana BUSUIOCEANU, 2016. "A Structural Analysis of European Union Economy," Romanian Statistical Review, Romanian Statistical Review, vol. 64(3), pages 19-51, September.
    • Handle: RePEc:rsr:journl:v:64:y:2016:i:3:p:19-51
    as

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    References listed on IDEAS

    as
    1. ten Raa,Thijs, 2006. "The Economics of Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521841795, January.
    2. Ajit Singh & Sukti Dasgupta, 2005. "Will services be the new engine of economic growth in India?," Working Papers wp310, Centre for Business Research, University of Cambridge.
    3. Kucera, David, & Roncolato, Leanne., 2012. "Structure matters : sectoral drivers of growth and the labour productivity-employment relationship," ILO Working Papers 994717343402676, International Labour Organization.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    input-output table; backward linkage; forward linkage; technological matrix; input coefficients; input coefficients; output multipliers;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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