Understanding competitiveness

dc.contributor.author	CRESPO, Aranzazu
dc.contributor.author	SEGURA-CAYUELA, Ruben
dc.date.accessioned	2014-07-24T12:47:15Z
dc.date.available	2014-07-24T12:47:15Z
dc.date.issued	2014
dc.description.abstract	Using firm level data, we analyze the factors that drive the evolution of the aggregate Unit Labor Costs – the main European competitiveness indicator – in France, Germany, Italy and Spain. The evolution of the aggregate Unit Labor Cost is not driven by the evolution of the firm level Unit Labor Costs, but rather by an important factor for the competitiveness of a country: the reallocation of resources among the firms of the economy. Using the methodology of Hsieh and Klenow (2009), we show the importance of an efficient allocation of resources for productivity gains.	en
dc.format.mimetype	application/pdf
dc.identifier.issn	1830-7728
dc.identifier.uri	https://hdl.handle.net/1814/32232
dc.language.iso	en	en
dc.relation.ispartofseries	EUI MWP	en
dc.relation.ispartofseries	2014/20	en
dc.rights	info:eu-repo/semantics/openAccess	en
dc.subject	Unit labour costs	en
dc.subject	Competitiveness	en
dc.subject	Misallocation	en
dc.subject	European Union	en
dc.subject	F02	en
dc.subject	F15	en
dc.subject	J30	en
dc.subject	O47	en
dc.subject	O57	en
dc.title	Understanding competitiveness	en
dc.type	Working Paper	en
dspace.entity.type	Publication
eui.subscribe.skip	true
person.identifier.other	37044
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relation.isAuthorOfPublication.latestForDiscovery	7137266c-b164-463d-ac22-a1672cdf2a1c