This paper analyses trends in sectoral specialisation in the EU and concludes the following: 1) The European production structure appears more homogenous than that of the US. 2) While sectoral specialisation has shown a slight increase in some smaller euro area countries towards the end-1990s,...

This paper analyses trends in sectoral specialisation in the EU and concludes the following: 1) The European production structure appears more homogenous than that of the US. 2) While sectoral specialisation has shown a slight increase in some smaller euro area countries towards the end-1990s,...

The substantial narrowing of the Greek current account deficit ―by more than 13 percentage points of GDP― constitutes a significant part of the overall adjustment of the economy in the 2008-2019 period. A major issue, however, is related to whether the factors driving this exter-nal...