Diversification de la structure de production : Analyse en panel des branches industrielles luxembourgeoises

peer reviewed ; A weakly diversified macro-economic structure is characterised by an excessive concentration of production in certain dominant branches. It is hard to evaluate the impact of policies aimed at this problem, because an increase in diversification can be more apparent than real. Business cycle effects can temporarily diminish the part held by dominant branches, giving the impression of structural change. In this article, growth by branch is separated into trend and cycle components using an “error-components” approach. On the one hand, the trend growth components can reveal change... Mehr ...