Analysis of Industrial Structure – A Putty-clay Approach


The measurement of industrial structure and productivity growth has a long history in economics. Its usefulness has been limited, however, by the rather simple methods that have been applied.

This book introduces a putty-clay production function in the analysis of technical change. A coherent framework for studying industrial structure is developed.

The optimal production structure is conceptualized within a vintage framework. Frontier and short-run industry production functions are used to measure productivity and technical progress. The usefulness of the method is demonstrated in case studies of various industries.

Interdisciplinary European Studies

The European Union and the Return of the Nation State


This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

About the book


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