Sectoral specialisation in the EU a macroeconomic perspective



4 ANNEXES

Table 15 Business cycle component- sensitivity analysis

Agriculture

1980-2001

1980-1991

1991-2001

Belgium

16,68

[14,80; 20,24]

18,82

[15,90; 28,34]

16,80

[14,22; 20,97]

Denmark

10,79

[9,42; 46,96]

9,94

[9,24; 37,18]

12,60

[9,60; 76,32]

Germany

8,92

[5,28; 10,31]

19,80

[9,81; 22,80]

3,41

[2,82;4,75]

Greece

na

na

na

Spain

15,75

[13,93; 23,86]

17,74

[14,96; 36,35]

13,30

[12,02; 15,30]

France

9,45

[6,32; 14,15]

10,66

[6,67; 19,02]

8,41

[5,56; 10,42]

Ireland

na

na

na

Italy

15,29

[4,59; 904,16]

19,73

[6,81; 985,21]

10,31

[2,13; 813,83]

Luxembourg

na

na

na

Netherlands

6,93

[6,89; 211,88]

na

6,76

[6,76; 168,75]

Austria

23,44

[23,44; 33,35]

na

24,31

[24,31; 30,00]

Portugal

na

na

na

Finland

4,99

[4,46; 10,08]

3,71

[3,35; 9,38]

6,99

[6,13; 12,76]

Sweden

6,48

[3,62; 8,37]

13,38

[3,20; 18,84]

3,38

[3,05; 4,57]

United Kingdom

6,26

[4,48; 7,69]

4,68

[2,61;5,76]

11,36

[10,08; 13,84]

Industry

1980-2001

1980-1991            I

1991-2001

Belgium

4,75

[4,39;5,82]

6,86

[6,71; 8,33]

3,80

[3,49; 5,22]

Denmark

4,88

[4,56; 6,47]

3,98

[3,22; 5,03]

6,81

[5,45; 9,47]

Germany

3,73

[3,06; 4,47]

4,42

[2,85;4,68]

4,24

[3,62;5,31]

Greece

na

na

na

Spain

1,72

[1,67;2,94]

1,33

[1,33; 2,87]

2,15

[2,00;3,04]

France

3,28

[3,28; 6,44]

1,79

[1,76; 6,24]

4,55

[4,55; 6,58]

Ireland

na

na

na

Italy

5,14

[5,14; 11,14]

4,78

[4,78; 13,11]

5,49

[5,49; 8,95]

Luxembourg

na

na

na

Netherlands

2,54

[2,54; 13,60]

na

2,29

[2,29; 11,36]

Austria

4,07

[1,82; 4,49]

na

3,71

[1,83; 4,17]

Portugal

na

na

na

Finland

2,19

[2,05; 2,46]

1,29

[1,20; 1,47]

3,39

[3,25; 3,81]

Sweden

4,92

[2,76;4,92]

5,43

[2,42; 5,65]

4,73

[3,21; 4,73]

United Kingdom

2,17

[2,04;2,39]

1,91

[1,73; 2,16]

2,96

[2,91; 3,06]

Construction

1980-2001

1980-1991            I

1991-2001

Belgium

16,08

[14,62; 19,71]

28,74

[28,66; 35,20]

8,04

[7,04; 10,14]

Denmark

21,58

[18,90; 23,48]

22,13

[14,36; 29,20]

20,35

[15,27; 32,51]

Germany

13,61

[12,37; 21,68]

28,32

[28,00; 32,77]

4,75

[3,23; 12,36]

Greece

na

na

na

Spain

10,43

[10,22; 11,24]

10,34

[9,52; 10,97]

10,82

[10,82; 12,48]

France

11,88

[7,55; 13,15]

4,05

[2,63; 4,05]

18,55

[11,46; 21,17]

Ireland

na

na

na

Italy

7,16

[4,23; 8,73]

3,64

[1,99; 4,43]

10,65

[6,65; 12,54]

Luxembourg

na

na

na

Netherlands

8,69

[6,60; 19,96]

na

4,81

[3,41; 11,16]

Austria

8,19

[5,31; 54,72]

na

6,57

[3,00; 56,41]

Portugal

na

na

na

Finland

5,93

[5,64; 19,78]

6,14

[6,04; 21,81]

6,43

[5,60; 19,36]

Sweden

4,26

[1,59; 4,32]

4,59

[0,90; 4,68]

4,16

[2,49; 4,35]

United Kingdom

2,43

[2,39; 2,60]

2,44

[2,39; 2,64]

2,36

[2,35; 2,46]

ECB

Occasional Paper No. 19
July 2004



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