Industrial Structures and Economic Growth: an Input–Output Perspective

Abstract

The slow-down of economic growth in European countries in recent years raises important economic policyissues. Most economic observers consider that the reasons for the slow-down are structural and are to be found in rigidities on the markets of primary factors or lack of technological innovative capabilities. Input–Output analysis can provide valuable insights into the nature of the phenomenon, and could help to design structural policies in order to foster economic growth.