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Patterns of Structural Change in the New EU Member States

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  • Peter Havlik

    () (Vienna Institute for International Economic Studies (wiiw))

Abstract

This paper analyses the extent and impact of structural changes on aggregate economic growth that occurred in European economies during the past two decades, focusing on the new EU Member States of Central and Eastern Europe. After presenting some stylised facts related to employment and output restructuring, we use a conventional shift and share analysis in order to evaluate the impact of broader sectoral shifts on GDP growth, focusing on the period 1995-2011. A decomposition of aggregate GDP/GVA growth using the shift and share analysis shows a distinct North-South pattern of growth and restructuring while the previous NMS-OMS divisions are becoming less relevant. In the North, manufacturing and trade have fuelled growth whereas in the South there has been much less structural change. Apart from these differences, our results partly differ from earlier findings of similar analyses for the NMS. Finally, we analyse differentiated impacts of the recent (2008-2011) crisis on structural changes in Europe and find interesting similarities between (groups of) NMS and OMS in terms of both growth patterns and responses to the crisis.

Suggested Citation

  • Peter Havlik, 2015. "Patterns of Structural Change in the New EU Member States," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 3, pages 133-157, September.
  • Handle: RePEc:cmn:journl:y:2015:i:3:p:133-157
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    References listed on IDEAS

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    1. Fagerberg, Jan, 2000. "Technological progress, structural change and productivity growth: a comparative study," Structural Change and Economic Dynamics, Elsevier, vol. 11(4), pages 393-411, December.
    2. de Vries, Gaaitzen J. & Erumban, Abdul A. & Timmer, Marcel P. & Voskoboynikov, Ilya & Wu, Harry X., 2012. "Deconstructing the BRICs: Structural transformation and aggregate productivity growth," Journal of Comparative Economics, Elsevier, vol. 40(2), pages 211-227.
    3. Peter Havlik, 2005. "Central and East European Industry in an Enlarged European Union: Restructuring, Specialisation and Catching-up," Economie Internationale, CEPII research center, issue 102, pages 107-132.
    4. Peter Havlik, 2014. "Patterns of Structural Change in the New EU Member States," wiiw Research Reports 394, The Vienna Institute for International Economic Studies, wiiw.
    5. Peter Havlik, 2003. "Restructuring of manufacturing industry in the central and east european countries," Prague Economic Papers, University of Economics, Prague, vol. 2003(1).
    6. Timmer, Marcel P. & Szirmai, Adam, 2000. "Productivity growth in Asian manufacturing: the structural bonus hypothesis examined," Structural Change and Economic Dynamics, Elsevier, vol. 11(4), pages 371-392, December.
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    1. repec:beo:journl:v:62:y:2017:i:215:p:7-52 is not listed on IDEAS

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