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dc.contributor.authorCRESPO, Aranzazu
dc.contributor.authorSEGURA-CAYUELA, Ruben
dc.date.accessioned2014-07-24T12:47:15Z
dc.date.available2014-07-24T12:47:15Z
dc.date.issued2014
dc.identifier.issn1830-7728
dc.identifier.urihttps://hdl.handle.net/1814/32232
dc.description.abstractUsing 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.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI MWPen
dc.relation.ispartofseries2014/20en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectUnit labour costsen
dc.subjectCompetitivenessen
dc.subjectMisallocationen
dc.subjectEuropean Unionen
dc.subjectF02en
dc.subjectF15en
dc.subjectJ30en
dc.subjectO47en
dc.subjectO57en
dc.titleUnderstanding competitivenessen
dc.typeWorking Paperen
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