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Pregledni rad
https://doi.org/10.18045/zbefri.2017.2.583

Financialization and its impact on process of deindustrialization in the EU

Tonći Svilokos   ORCID icon orcid.org/0000-0003-4159-7918 ; Department of Economics and Business Economics, University of Dubrovnik, Dubrovnik, Croatia
Ivan Burin   ORCID icon orcid.org/0000-0001-7836-2018 ; Airport Dubrovnik, Čilipi, Croatia

Puni tekst: engleski, pdf (1 MB) str. 583-610 preuzimanja: 655* citiraj
APA 6th Edition
Svilokos, T. i Burin, I. (2017). Financialization and its impact on process of deindustrialization in the EU. Zbornik radova Ekonomskog fakulteta u Rijeci, 35 (2), 583-610. https://doi.org/10.18045/zbefri.2017.2.583
MLA 8th Edition
Svilokos, Tonći i Ivan Burin. "Financialization and its impact on process of deindustrialization in the EU." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 35, br. 2, 2017, str. 583-610. https://doi.org/10.18045/zbefri.2017.2.583. Citirano 21.11.2019.
Chicago 17th Edition
Svilokos, Tonći i Ivan Burin. "Financialization and its impact on process of deindustrialization in the EU." Zbornik radova Ekonomskog fakulteta u Rijeci 35, br. 2 (2017): 583-610. https://doi.org/10.18045/zbefri.2017.2.583
Harvard
Svilokos, T., i Burin, I. (2017). 'Financialization and its impact on process of deindustrialization in the EU', Zbornik radova Ekonomskog fakulteta u Rijeci, 35(2), str. 583-610. https://doi.org/10.18045/zbefri.2017.2.583
Vancouver
Svilokos T, Burin I. Financialization and its impact on process of deindustrialization in the EU. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2017 [pristupljeno 21.11.2019.];35(2):583-610. https://doi.org/10.18045/zbefri.2017.2.583
IEEE
T. Svilokos i I. Burin, "Financialization and its impact on process of deindustrialization in the EU", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.35, br. 2, str. 583-610, 2017. [Online]. https://doi.org/10.18045/zbefri.2017.2.583

Sažetak
The aim of this research is to examine whether and to what extent the process of
financialization has an impact on the process of deindustrialization in the
European Union, employing a fixed-effect panel regression model. In this paper
exogenous explanatory variable that indicates the level of financialization is
presented by the value added of the finance sector as a percentage of total value
added, and by the employment in the finance sector as a percentage of total
employment. In a process of deindustrialization, the industrial activity is usually
replaced by service activities. However, situations where the service sector has not
been able to absorb the additional supply of labour and to produce additional
values that would compensate the reduction in the industrial sector, could have led
to higher unemployment and lower economic growth. In this paper,
deindustrialization is measured by the value added of industry sector as a
percentage of total value added, and by the employment in industry as a percentage
of total employment. Using latest panel data from EUROSTAT and ILO for the
period from 1995 to 2015 author detects the significant and negative impacts of
the process of financialization on value added of industry sector, as well as on the
employment in the industry sector. This supports the conclusion that the process of
deindustrialization of the EU countries can be characterized as a financializationled
process.

Ključne riječi
deindustrialization; financialization; value added; unemployment; fixed-effect panel regression model

Hrčak ID: 191408

URI
https://hrcak.srce.hr/191408

[hrvatski]

Posjeta: 831 *