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Structural Change, Specialization and Growth in EU 25

Author

Listed:
  • Paul J.J. Welfens

    (Europäisches Institut für Internationale Wirtschaftsbeziehungen (Eiiw))

  • Jens K. Perret

    (Europäisches Institut für Internationale Wirtschaftsbeziehungen (Eiiw))

Abstract

Based 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.

Suggested Citation

  • Paul J.J. Welfens & Jens K. Perret, 2010. "Structural Change, Specialization and Growth in EU 25," EIIW Discussion paper disbei173, Universitätsbibliothek Wuppertal, University Library.
  • Handle: RePEc:bwu:eiiwdp:disbei173
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    References listed on IDEAS

    as
    1. 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.
    2. repec:dgr:rugggd:200469 is not listed on IDEAS
    3. Paul J.J. Welfens & Anna Wziątek-Kubiak (ed.), 2005. "Structural Change and Exchange Rate Dynamics," Springer Books, Springer, number 978-3-540-28526-7, August.
    4. Luca Benedictis & Marco Gallegati & Massimo Tamberi, 2009. "Overall trade specialization and economic development: countries diversify," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(1), pages 37-55, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    RCA; Output Growth; Sektoral Output Analysis;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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