Structural aspects of the European Union economy

Abstract

The paper analyzes the input-output structure of European economy in 2010, based on six main economic sectors, for better characterizing the backward and forward linkages of inter-industrial economic flows. The changes of final demand and of sectoral production can be analyzed in the propagation processes, allowing to know the behavior at macroeconomic level of European economy. The common economic policies at European level can be undertaken to keep the equilibrium between different sectors, to stimulate the sectors with high levels of productivity, to ensure the efficiency of using the resources, and the sustainability of economic development, which are the purposes of a smart development. ; peer-reviewed