Understanding Structural Divergence in European Manufacturing
Intereconomics - Review of European Economic Policy 51(5): 288-294, 2016.
10 Pages Posted: 6 Oct 2016
Date Written: September 2, 2016
Abstract
The heterogeneity among European manufacturing systems has widened in the last fifteen years under the competitive pressure of new industrial powers within and outside the EU boundaries, and as a result of the 2008 global recession. This paper describes such transformation, in terms of the sectoral composition and the geographical concentration of industrial activities. It also analyzes how cross-country differences in the export performance, in the dynamics of domestic demand and in the exposure to low-cost import competition have contributed to the divergence in European manufacturing.
Keywords: manufacturing, Europe, crisis,
JEL Classification: E23, F62, L60
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