The Changing Nature of Manufacturing in OECD Economies

Abstract

This paper provides empirical evidence on the changing nature of manufacturing in OECD countries, including the continued loss of employment in the manufacturing. It examines the extent to which manufacturing output and employment are declining in OECD countries and explores possible causes, including increased productivity, slow growth in demand for manufacturing products, loss of markets to imports, statistical and classification issues, and so on. The paper finds that the share of manufacturing in OECD economies is declining and argues that this is likely to continue. It also presents...

Global financial crisis and dependence risk analysis of sector portfolios: a vine copula approach

“…By considering three 20-asset portfolios from the retail, manufacturing and goldmining equity sectors of the Australian stock market, in the context of the 2008-2009 global financial crisis and other period scenarios revolving around it, we find the retail portfolio is less dependence risky than the manufacturing portfolio in the crisis period. This is due to the economic linkages the retail sector has with the overall Australian resources sector and the more volatile economic linkages the overall resources sector has with the manufacturing sector (Pilat et al, 2006). The benchmark gold-mining portfolio is found to be less dependence risky than the retail and significantly less dependence risky than the manufacturing in similar market conditions.…”

“…Specifically, the economic linkages the overall resources sector and the gold-mining sector have with the Australian manufacturing sector are different from those economic linkages those sectors have with the Australian retail sector. The economic linkages with the manufacturing sector are more volatile, have a higher degree of uncertainty and deal with higher levels of risk aversion since spending and investment in the manufacturing sector tends to require more capital (Pilat et al 2006). Hence, the Australian manufacturing sector overall has a higher exposure to risk than the Australian retail sector does.…”

Services and industrial development: analysis of industrial policy, trends and issues for the forest-based sector

“…(EC, 2002b) The Service Economy (OECD, 2000) The internet and business performance (OECD, 2001) Innovation and productivity in services (Pilat, 2001) Competitiveness of business-related services (EC, 2003b) Fostering structural change: an industrial policy for an enlarged Europe (EC, 2004;EC, 2003a) Productivity Growth in Service Industries (Wölfl, 2003) World Investment Report 2004: the Shift towards Services (UNCTAD, 2004) A policy framework to strengthen EU manufacturing -towards a more integrated approach for industrial policy (EC, 2005a;EC, 2005b) [ Services Directive (EU, 2006) ] Mid-term review of industrial policy (EC, 2007) Enhancing the Performance of the Services Sector (Wölfl, 2005); Growth in Services. Fostering Employment, Productivity and Innovation (OECD, 2005) Measuring the interaction.. (Pilat and Wölfl 2005); Changing nature of manufacturing (Pilat et al, 2006) Innovation in services (EC, 2007b;EC, 2009;EC, 2011a) Innovation and KISA (OECD, 2006) Globalisation and Structural Adjustment / business services sector (OECD, 2007) Development implications of trade in services (Majluf and Zarilli,2007) Structural change in the world economy (Memedovic and Iapadre, 2009) Services and manufacturing (Nordås and Kim, 2013;De Backer et al, 2015) Valuing Services in Trade (Sáez et al, 2014) Making global value chains work for development (Taglioni and Winkler, 2016) Digitalizing European Industry -Reaping the full benefits of a Digital Single Market (EC, 2016) Next Production Revolution (OECD, 2016; 3. Results…”

“…The labor force surveys indicate that app. 40-50% of persons working in manufacturing are in fact employed in service-type occupations, for example in R&D, management, accounting, legal services, marketing, distribution or after-sales services (Pilat et al, 2006;Manyika et al, 2012). On the other hand, analyses on international company financial data demonstrate that app.…”

Les conditions de succès d’une restructuration organisationnelle : une étude exploratoire réalisée dans le secteur manufacturier québécois

“…On constate depuis le début des années 2000 un ralentissement significatif du milieu manufacturier dans les économies de l'OCDE (Pilat et al, 2006). La part de marché de ces pays s'effrite progressivement et de multiples pertes d'emplois sont observées depuis 25 ans (Pilat et al, 2006). Parmi les raisons qui expliquent ce phénomène, on remarque la croissance intensive du capital technologique.…”