EconPapers    
Economics at your fingertips  
 

Patterns of Structural Change in the New EU Member States

Peter Havlik

No 394, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: Summary This paper analyses the extent and impact of structural changes on aggregate economic growth that occurred in European economies during the past two decades, focusing on the new EU Member States of Central and Eastern Europe. After presenting some stylised facts related to employment and output restructuring, we use a conventional shift and share analysis in order to evaluate the impact of broader sectoral shifts on GDP growth, focusing on the period 1995-2011. A decomposition of aggregate GDP/GVA growth using the shift and share analysis shows a distinct North-South pattern of growth and restructuring while the previous NMS-OMS divisions are becoming less relevant. In the North, manufacturing and trade have fuelled growth whereas in the South there has been much less structural change. Apart from these differences, our results partly differ from earlier findings of similar analyses for the NMS. Finally, we analyse differentiated impacts of the recent (2008-2011) crisis on structural changes in Europe and find interesting similarities between (groups of) NMS and OMS in terms of both growth patterns and responses to the crisis.

Keywords: economic restructuring; growth; output; employment; crisis (search for similar items in EconPapers)
JEL-codes: O11 O57 F43 F63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tra
Date: 2014-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Published as wiiw Research Report

Downloads: (external link)
https://wiiw.ac.at/patterns-of-structural-change-i ... -states-dlp-3355.pdf (application/pdf)

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:wii:rpaper:rr:394

Ordering information: This working paper can be ordered from
https://wiiw.ac.at

Access Statistics for this paper

More papers in wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw Contact information at EDIRC.
Bibliographic data for series maintained by Customer service ().

 
Page updated 2020-01-12
Handle: RePEc:wii:rpaper:rr:394