Structural Change, Specialization and Growth in EU 25

Paul Welfens and Jens K. Perret ()
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Jens K. Perret: Europäisches Institut für Internationale Wirtschaftsbeziehungen (Eiiw)

No disbei173, EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library

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.

Keywords: RCA; Output Growth; Sektoral Output Analysis (search for similar items in EconPapers)
JEL-codes: C23 O47 O52 R10 (search for similar items in EconPapers)
Pages: 42 Pages
Date: 2010-01
New Economics Papers: this item is included in nep-eec, nep-eur, nep-fdg, nep-int and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:bwu:eiiwdp:disbei173

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