GTAP Resources: Resource Display
| GTAP Resource #2836 |
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"Two Quantitative Scenarios for the Future of Manufacturing in Europe" by Lejour, Arjan and Gerard Verweij Abstract This paper presents two scenarios for the future of manufacturing in Europe with varying trends in globalisation, technological progress and energy efficiency. From these scenarios, we conclude that the trend towards a services economy is likely to continue with employment shifting away from manufacturing towards services. However, manufacturing production still grows and is important for trade in Europe. The sectors which are already the most open ones for international trade are also the ones mostly affected by this trend. These include chemicals, rubber and plastics, the combined machinery and equipment sectors, textiles and wearing apparel, and wood and other manufacturing. R&D policies and internal market policies in Europe can have strong positive impact on manufacturing. These policies do not alter the trend that Europe’s share in global production and trade will continue to decline, but they do mitigate the overall decline, in particular in the chemicals, rubber and plastics, and combined machinery and equipment sectors. Key words: Scenarios, Manufacturing, Industrial policy, Europe JEL code: L60, C68 |
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- Domestic policy analysis - Economic growth - Technological change - European Union |
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Public Access  GTAP Resource 2836 (284.9 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
