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INDUSTRY, PRODUCTIVITY AND DEVELOPMENT IN 96 EUROPEAN REGIONS, 2005-2010

Maria-Carmen Guisan () and M. Teresa Cancelo ()

Regional and Sectoral Economic Studies, 2014, vol. 14, issue 1

Abstract: Industrial production per head has usually increased in EU countries and regions for the period 2005-2007, but for the period 2007-2013 it has diminished in many countries and regions, with negative consequences for employment, wages and economic development. We analyze the important positive impact of industry for regional development, in the period 2005-2010, and present the estimation of some econometric models which relate development of services and non industrial sectors, with the level of industrial development. We conclude stating that European Union economic policies should change from wrong perspectives, which lead to industrial decay and trade deficits, to foster positive policies, addressed to increase industrial production per capita and economic development, accordingly to social demand of the majority of European citizens. The European Parliament should have a more positive role to contribute to this change, given voice to EU citizens, in order to improve European economic policies.

Keywords: European Union; Industry; Productivity; Regional Development; Interregional Econometric Models (search for similar items in EconPapers)
JEL-codes: C5 L60 O14 O18 O52 O57 R1 R11 (search for similar items in EconPapers)
Date: 2014
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