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Title:Economic growth in EU from sectoral imbalances point of view
Authors:Novak, Matjaž (Author)
Work type:Not categorized
Tipology:1.01 - Original Scientific Article
Organization:FM - Faculty of Management
Abstract:Imbalances are opposite to sustainability. Following this postulate, this article is aimed at analysing an impact of sectoral imbalances on economic growth in case of EU economies. The basic theoretical background for this empirical analysis is the study provided by Novak (2007, 2008, 2009) on real convergence between old and new EU-member states, and also empirical research provided by Stubelj and Dolenc (2013) and Laporšek and Stubelj (2012). If we sum up the basic findings for EU8 and EU15 economies, we recognise obvious differences, where we especially draw attention to the fact that EU8 economies face the significant impact of production factors reallocation between propulsive and degressive industries, while in the case of EU15 economies we are not able to accept the same conclusion.
Keywords:sectoral imbalances, economic growth, neoclassical theory, EU economies, post-Keynesian theory, European Union
Year of publishing:2015
Number of pages:str. 42-53
Numbering:Vol. 7, no. 1
COBISS_ID:1537231556 Link is opened in a new window
DOI:10.1504/IJSE.2015.066407 Link is opened in a new window
Categories:Document is not linked to any category.
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Secondary language

Keywords:sektorska neravnovesja, gospodarska rast, neoklasična teorija, evropsko gospopdarstvo, kinesiazem, Evropska unija


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