Structural Change, Specialization and Growth in EU 25
AbstractBased on the OECD's classification of goods, we take a closer look at EU 15 countries and EU accession countries in terms of the dynamics of sectoral output growth - with due emphasis on the distinction between labor-intensive and science-intensive products. Sectoral output dynamics are explained by the (modified) revealed comparative advantage (RCA), specialization in terms of input intensity, the growth rate of RCA, past sectoral output dynamics and per capita output. In addition, we consider the development of nominal sectoral output development. Considerable differences between EU 15 and EU 10 countries were found, which point to different production regimes in leading EU countries and the Eastern European accession countries, respectively. This panel-based bottom-up approach to output growth suggests that structural change will affect the responsiveness of the supply side considerably.
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Bibliographic InfoPaper provided by Universitätsbibliothek Wuppertal, University Library in its series EIIW Discussion paper with number disbei173.
Length: 42 Pages
Date of creation: Jan 2010
Date of revision:
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Web page: http://elpub.bib.uni-wuppertal.de
RCA; Output Growth; Sektoral Output Analysis;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-04 (All new papers)
- NEP-EEC-2010-04-04 (European Economics)
- NEP-EUR-2010-04-04 (Microeconomic European Issues)
- NEP-FDG-2010-04-04 (Financial Development & Growth)
- NEP-INT-2010-04-04 (International Trade)
- NEP-TRA-2010-04-04 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Luca Benedictis & Marco Gallegati & Massimo Tamberi, 2009. "Overall trade specialization and economic development: countries diversify," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 145(1), pages 37-55, April.
- Bart van Ark & Marcin Piatkowski, 2004.
"Productivity, innovation and ICT in Old and New Europe,"
International Economics and Economic Policy,
Springer, vol. 1(2), pages 215-246, January.
- Ark, Bart van & Piatkowski, Marcin, 2004. "Productivity, innovation and ICT in old and new Europe," GGDC Research Memorandum 200469, Groningen Growth and Development Centre, University of Groningen.
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