Looking for a virtuous pattern of growth. Some insights for discussion

Matilde Mas and Eva Benages
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Eva Benages: University of Valencia and Ivie

EKONOMIAZ. Revista vasca de Economía, 2016, vol. 89, issue 01, 86-117

Abstract: This paper addresses the current «manufacturing versus services» debate in relation to the question of how to unlock renewed economic growth, taking as point of departure the EC Communication For a European Industrial Renaissance. We present two criteria with which to evaluate the grounds for supporting economic sectors (either manufacturing or services): 1 The capacity to generate employment and 2 The ability to display a positive rate of productivity growth. The highly disaggregated PREDICT database is used in order to evaluate both sectors on these criteria. Our paper concludes that service sectors fulfil both of the above-mentioned criteria, whereas manufacturing sectors do not. The importance of service and manufacturing sub-sectors rooted in ICT and non-ICT R&D-intensive activities is also highlighted.

Keywords: Reindustrialization; manufacturing; services; ICT (search for similar items in EconPapers)
JEL-codes: O30 O47 O50 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ekz:ekonoz:2016104

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