Causes and Consequences of Deindustrialization in the Euro Area

Main Article Content

Bogumiła Mucha-Leszko

Abstrakt
The post-industrial stage of development reached in developed countries is characterized by an increase in services' share and the progressive decline of the manufacturing share in their economies. The intensification of deindustrialization process heated up the discussion pertaining to its impact on the weakening of investment, technological progress, innovation, and a decline in labour productivity and GDP growth. The aim of the paper is to present the scale and consequences of deindustrialization in the euro area based on analysis of manufacturing and other sectors shares in the gross value added and employment in the euro area. The indicators used for the assessment of deindustrialization consequences are: labour productivity and total factor productivity (TFP) growth rates. As the outcome of conducted analysis, the author has drawn two main conclusions: 1) the decreasing importance of manufacturing limits the possibility of carrying out research projects and creating technological progress, 2) the negative TFP growth rate, declining of labour productivity growth rate in 2008-2015 and the decrease of GDP testifies to the threat of secular stagnation in the euro area.

Article Details

Jak cytować
Mucha-Leszko, B. (2016). Causes and Consequences of Deindustrialization in the Euro Area. Zeszyty Naukowe SGGW W Warszawie - Problemy Rolnictwa Światowego, 16(4), 240–252. https://doi.org/10.22630/PRS.2016.16.4.117
Bibliografia

Alfaro, L., Charlton, A. (2013). Growth and the Quality of Foreign Direct Investment. In: J.E. Stiglitz, J.Y. Lin, (eds.) The Industrial Policy Revolution I. The Role of Government Beyond Ideology (p. 162-204). International Economic Association, Palgrave Macmillan. (Crossref)

Cohen, E. (2006). Theoretical Foundations of Industrial Policy. EIB Papers, vol. 11, No. 1/2006.

European Commission. (2002). Industrial Policy in an Enlarged Europe. COM(2002)714.

EUROSTAT Database. (2016). Extracted 22.08.2016 from: http://ec.europa.eu/eurostat/data/database

Gawlikowska-Hueckel, K. (2014). Polityka przemysłowa i spójności wobec planów reindustrializacji Unii Europejskiej. Wnioski dla Polski. Gospodarka Narodowa, No 5/2014.

Gomez-Salvador, R., Musso, A., Stocker, M., Turunen, J. (2006). Labour Productivity Development in the Euro Area. ECB Occasional Paper Series, No 53, October. (Crossref)

Greenwald, B., Stiglitz, J.E. (2013). Industrial Policies, the Creation of a Learning Society, and Economic Development. In: J.E. Stiglitz, J.Y. Lin, (eds.) The Industrial Policy Revolution I. The Role of Government Beyond Ideology (p. 43-71). International Economic Association, Palgrave Macmillan. (Crossref)

Harrison, A., Rodriguez-Clare, A. (2009). Trade, Foreign Investment and Industrial Policy for Developing Countries, In: D. Rodrik (red.) Handbook for Economic Growth, vol. 4, Amsterdam: North-Holland. (Crossref)

Katz, M. (1986). An Analisis of Cooperative Research and Development. Rand Journal of Economics, vol. 17, no. 4/ 1986. (Crossref)

Lerner, J. (2013). The Boulevard of Broken Dreams: Industrial Policy and Entrepreneurship. In: J.E. Stiglitz, J.Y. Lin, (eds.) The Industrial Policy Revolution I. The Role of Government Beyond Ideology (p. 118-133). International Economic Association, Palgrave Macmillan. (Crossref)

Lin, J.Y., Monga, C. (2013). Comparative Advantage: The Silver Bullet of Industrial Policy. In: J.E. Stiglitz, J.Y. Lin, (eds.) The Industrial Policy Revolution I. The Role of Government Beyond Ideology (p. 19-38). International Economic Association, Palgrave Macmillan. (Crossref)

Monga, C. (2013). Theories of Agglomeration: Critical Analysis from a Policy Perspective. In: J.E. Stiglitz, J.Y. Lin, (eds.) The Industrial Policy Revolution I. The Role of Government Beyond Ideology (p. 209-224). International Economic Association, Palgrave Macmillan. (Crossref)

Mucha-Leszko, B. (2007). Strefa euro. Wprowadzanie, funkcjonowanie, międzynarodowa rola euro. Wydawnictwo UMCS, Lublin.

Mucha-Leszko, B., Kąkol, M. (2009). Polityka Systemy Rezerwy Federalnej USA i jej skutki w latach 1995-2008. In: J.L. Bednarczyk, S.I. Bukowski, J. Misala (eds.) Współczesny kryzys gospodarczy. Przyczyny, przebieg, skutki (p. 45-66). Wyd. CeDeWu, Warszawa.

Mucha-Leszko, B. (2016). Technologie ICT, zmiany strukturalne i wydajność pracy jako czynniki rosnącej luki gospodarczej Unii Europejskiej wobec Stanów Zjednoczonych. Finanse, Rynki Finansowe, Ubezpieczenia, 3/2016 (81). (Crossref)

Rodrik, D. (2004). Industrial Policy for the Twenty-First Century. KSG Working Paper, No. RWPO4-047, Cambridge MA: Harvard University. (Crossref)

Sinn, H.W. (2014). The Euro Trap. Oxford University Press. (Crossref)

Spence, M. (1984). Cost Reduction, Competition, and Industry Performance. Econometrica, vol. 52.no, 1/1984. (Crossref)

Stiglitz, J.E., Lin, J.Y., (eds.). (2013). The Industrial Policy Revolution I. The Role of Government Beyond Ideology. International Economic Association, Palgrave Macmillan. (Crossref)

The Conference Board. (2015). The Conference Board Total Economy Database™, September 2015. Extracted from: http://www.conference-board.org/data/economydatabase/

The Conference Board. (2016). The Conference Board Total Economy Database™, May 2016. Extracted from: http://www.conference-board.org/data/economydatabase/

Van Ark, B. (2015). From Mind the Gap to Closing the Gap: Avenues to Reverse Stagnation in Europe through Investment and Productivity Growth. European Economy Discussion Paper, 006, September.

Warwick, K. (2013). Beyond Industrial Policy. Emerging Issues and New Trends. OECD Science. Technology and Industry Policy Papers No 2.

Statystyki

Downloads

Download data is not yet available.