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The Performance of Manufacturing in the European Union in the Context of Agricultural Economics

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The Agricultural Economics of the 21st Century

Abstract

The objective of this study is to analyze the performance of the manufacturing sector, based namely in agriculture and fishery, and the factors which can affect this evolution, in the first 27 countries of the European Union, through the Verdoorn (L’Industria, 45–53; 1949) law extended with new variables and over the period 1996–2008, with special relevance for the manufacture of food, beverages, and tobacco. The new variables, considering the literature review, are wages and salaries, number of persons employed per enterprise, share of employment in manufacturing total, investment per person employed, and the share of R&D employment to the number of people. The preference towards this sector is due to its growing importance in many countries, in terms of national production and of international trade. The data was obtained from Eurostat. As a main conclusion of referring that strong signs of the Verdoorn law were found to be present and, in general, the new variables have a residual effect and in some cases, also, negative.

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Authors and Affiliations

  1. Agricultural School, Polytechnic Institute of Viseu, 3500, Viseu, Portugal

    Vítor João Pereira Domingues Martinho

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  1. Vítor João Pereira Domingues Martinho
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Correspondence to Vítor João Pereira Domingues Martinho .

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  1. Agricultural School, Polytechnic Institute of Viseu, Viseu, Portugal

    Vítor João Pereira Domingues Martinho

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Martinho, V.J.P.D. (2015). The Performance of Manufacturing in the European Union in the Context of Agricultural Economics. In: Martinho, V. (eds) The Agricultural Economics of the 21st Century. Springer, Cham. https://doi.org/10.1007/978-3-319-09471-7_4

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