Compendium on the Diagnostic Toolkit for Competitiveness

Karadeloglou, Pavlos; Beņkovskis, Konstantīns; Aiello, Giovanni; Bluhm, Benjamin; Bobeica, Elena; Buelens, Christian; Cavallini, Flavia; Christodoulopoulou, Styliani; Clercq, Maarten De; Giordano, Claire; Joseph, Andreas; Leonte, Alexandru; Lommatzsch, Kirsten; López-García, Paloma; Momchilov, Georgi; Osbat, Chiara; Orszaghova, Lucia; Pappadà, Francesco; Illanes, Elvira Prades; Silgoner, Maria Antoinette; Tkačevs, Oļegs; Vermeulen, Robert; Wörz, Julia; Zollino, Francesco

doi:10.2139/ssrn.2665599

Cited by 5 publications

(1 citation statement)

References 20 publications

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“…Several studies have found evidence of pass-through of exchange-rate movements to final prices being incomplete (Anderton et al 2004) or of changes in ULCs (EC 2013;Herzog-Stein et al 2015: 8-13;IMF 2013). In addition, export growth not only depends on price or cost competitiveness, but also on non-price factors (see overviews in Altomonte et al 2013;Karadeloglou/Benkovskis 2015). In addition, several authors argue that export 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015…”

Section: Appendix 1 the Reer As A Price-competitiveness Indicatormentioning

confidence: 99%

The long-term effects of German unification on wages, employment and growth: a trigger for a shift to a new market constellation*

2022

EJEEP

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Section: Appendix 1 the Reer As A Price-competitiveness Indicatormentioning

confidence: 99%

The long-term effects of German unification on wages, employment and growth: a trigger for a shift to a new market constellation*

2022

EJEEP

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What drives export market shares? It depends! An empirical analysis using Bayesian model averaging

Beņkovskis

Bluhm²,

Bobeica

et al. 2019

Empir Econ

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An input–output analysis of unit labour cost developments of the German manufacturing sector since the mid-1990s

Albu¹,

Joebges

Zwiener³

2022

J Labour Market Res

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According to empirical studies, a statistically significant factor for German exports success is high cost (or price) competitiveness. Studies by Deutsche Bundesbank recommend correcting the nominal effective exchange rate by broad cost (or price) indicators (Deutsche Bundesbank, 1998, 2016a). This would call for total economy unit labour costs. In contrast to these findings, Dustmann et al. (2014) suggest using refined unit labour costs for the exporting manufacturing sector only, corrected for inputs from other sectors and from abroad in an Input–Output (IO) analysis framework. According to these authors’ novel calculation, the export-oriented manufacturing sector of Germany experienced a decrease in unit labour costs by 25% between the mid-1990s and 2007. We try to replicate their findings. Following standard approaches in calculating sectoral unit labours costs, correcting for inputs from other sectors and from abroad, and using consistent input–output data from the Federal Statistical Office and from the World Input–Output Database, nominal unit labour costs of the manufacturing sector did not decrease over the period of analysis, and developed similarly to total unit labour costs. The similarity to total economy costs is also confirmed for a more recent period. In contrast to these authors’ claim, our findings are in line with recommendations of Deutsche Bundesbank for using total economy unit labour costs.

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Compendium on the Diagnostic Toolkit for Competitiveness

Cited by 5 publications

References 20 publications

The long-term effects of German unification on wages, employment and growth: a trigger for a shift to a new market constellation*

The long-term effects of German unification on wages, employment and growth: a trigger for a shift to a new market constellation*

What drives export market shares? It depends! An empirical analysis using Bayesian model averaging

An input–output analysis of unit labour cost developments of the German manufacturing sector since the mid-1990s

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