Do Growth Rates Differ in European Manufacturing Industries?

A detailed examination of the determinants of industry growth is of particular relevance to industrial policy. This article uses a comprehensive panel approach to analyse the growth process of manufacturing industries in the EU countries over the period 1985-1997. Following a review theoretical hypotheses and previous empirical literature, stylised facts about the growth process in European manufacturing over the past ten years are presented. A presentation of panel estimates concludes the paper.