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Structural Change and the Competitiveness of EU Member States

Author

Listed:
  • Jürgen Janger
  • Werner Hölzl
  • Serguei Kaniovski
  • Johannes Kutsam

    (WIFO)

  • Michael Peneder
  • Andreas Reinstaller

    (WIFO)

  • Susanne Bärenthaler-Sieber

    (WIFO)

  • Isabel Stadler

    (WIFO)

  • Fabian Unterlass

    (WIFO)

Abstract

Is structural change and economic specialisation associated with developments of competitiveness as defined by the ability to raise standards of living and employment, while maintaining sustainable external balances? To assess this relationship for the EU countries, we develop a set of indicators to monitor structural change and economic specialisation between and within sectors. We apply both descriptive statistics and econometric analysis to test whether this indicator set is linked to competitiveness. Our results lend support to the view that indicators of structural change, patterns of specialisation in both industry and trade as well as of sectoral upgrading can shed light on firm capabilities, prospects for growth and how to cope with adjustment pressure in the wake of rising competition. It provides a balanced picture of the competitive strengths and weaknesses of EU countries across both manufacturing and services.

Suggested Citation

  • Jürgen Janger & Werner Hölzl & Serguei Kaniovski & Johannes Kutsam & Michael Peneder & Andreas Reinstaller & Susanne Bärenthaler-Sieber & Isabel Stadler & Fabian Unterlass, 2011. "Structural Change and the Competitiveness of EU Member States," WIFO Studies, WIFO, number 42956, January.
    • Handle: RePEc:wfo:wstudy:42956
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    Cited by:

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    6. Franz R. Hahn & Werner Hölzl, 2011. "Auswirkungen von Basel III auf die Finanzierung kleiner und mittlerer Unternehmen in Österreich," WIFO Studies, WIFO, number 43813.
    7. Wifo, 2017. "WIFO-Monatsberichte, Heft 12/2017," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(12), December.
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    12. Karl Aiginger, 2018. "Neue Anforderungen an Industrie- und Strukturpolitik," WIFO Working Papers 553, WIFO.
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    20. Jürgen Janger & Agnes Kügler & Andreas Reinstaller & Peter Reschenhofer & Fabian Unterlass, 2017. "Austria 2025 – A New Strategic Innovation Policy Framework. Addressing Structural Change and Upgrading," WIFO Studies, WIFO, number 59290.
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