Adjustment dynamics of countries' specialization patterns in the European Union

Astrid Krenz

Applied Economics Letters, 2014, vol. 21, issue 10, 671-674

Abstract: We investigate the adjustment dynamics of countries' specialization patterns in terms of labour market participation in manufacturing industries for the European Union. Using cointegration and error correction modelling techniques, we find that imbalances in European countries' specialization are being set off at a rate of about 63% within the next period. Adjustment rates for Denmark, France, Germany and Spain are lower than for the entire EU. These patterns deliver valuable information about labour market rigidities and the suitability of a common monetary union in the European Union.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2014.882069 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:21:y:2014:i:10:p:671-674

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2014.882069

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().