Sources of output growth and agricultural performance in EU countries - 1960 to 1980

Abstract

This study uses input–output tables in real terms for analysing growth and structural change in different sectors of selected EU economies in the 1960s and 1970s. The input–output model is used as a common framework to isolate and interrelate different elements of structural change and to calculate their total (direct and indirect) effects. The sources of changes in output are then broken down into their components of consumption, export, investment, import substitution and intermediate demand. The growth of consumption and foreign trade became increasingly important sources for output growth, and especially for agriculture, in all the EU countries examined.