Competitiveness of the European Economy

Michael Landesmann, Sandra Leitner and Robert Stehrer

No 401, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: Summary This paper uses the World Input-Output Database (WIOD) to analyse changes of Europe’s position in global specialisation and location patterns of exporting activity within Europe by means of a number of competitiveness indicators. We consider both manufacturing as well as tradable services. The study analyses the increasing role of services–industry linkages, the differentiation in specialisation and competitiveness patterns amongst groups of EU member countries pointing to the increasing concentration of manufacturing activity in the ‘Central European Manufacturing Core’ and to competitive weaknesses of some of the EU’s core economies as well as of some of the lower- and medium-income economies (‘Europe’s periphery’). We also undertake an econometric analysis of the determinants of a range of competitiveness indicators, including explanatory variables such as labour productivity, skill composition or labour compensation per employee as highlighted by traditional trade theories as well as domestic and foreign business services linkages or vertical cross-border production integration to account for phenomena which have come to shape the global trade landscape more recently.

Keywords: competitiveness; European economy; Europe’s periphery; global trade specialisation; international production networks; vertical trade integration; services–manufacturing linkages (search for similar items in EconPapers)
JEL-codes: F02 F14 F15 (search for similar items in EconPapers)
Pages: 63 pages including 36 Tables and 9 Figures
Date: 2015-05
New Economics Papers: this item is included in nep-cse, nep-eec, nep-eff, nep-ino and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Related works:
Working Paper: Competitiveness of the European economy (2015)
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