Abstract
There is growing awareness that some fundamental change has for some time been affecting the major European economies, involving a shift of manufacturing away from the developed market economies of Europe towards the developing countries. The following article analyses the process of European deindustrialisation and discusses some of the possible consequences.
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D. H. Aldcroft: The European Economy 1914–1970, Croom Helm, London 1978, cf. Table 5.2, p. 170.
Balassa: The Changing Pattern of Comparative Advantage in Manufactured Goods, in: Review of Economics and Statistics, Vol. LXI, No. 2, 1979.
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The centrally planned economies of Europe and Asia have been excluded as being largely self-contained.
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The dummy variable takes the value unity for observation in 1963–1973, and zero for observations in 1954–1963.
M. Panic: The UK and West German Manufacturing Industry 1954–72, National Economic Development Office, London 1976.
Computations in this paragraph assume a coefficient in output growth of 0.40.
For a regional analysis of deindustrialisation within the European Community cf. J. S. Wabe: The Regional Impact of Deindustrialisation in the European Community, in: Regional Studies, Vol.20, No. 1, 1986.
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Wabe, J.S. Third world industrialisation-The consequences for Western Europe. Intereconomics 22, 175–181 (1987). https://doi.org/10.1007/BF02932250
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DOI: https://doi.org/10.1007/BF02932250