Industry, Fair Competition And Trade In Oecd Countries: Impact On Wages And On Employment By Sector, 2000-2010
AbstractFor the period 2004-2010 many OECD countries have experienced a decline in industrial real value-added per capita with negative consequences for domestic economic development, and labour markets, not only in industry but also in services and other production sectors. Free competition policies lead to unfair competition when taxes, and other compulsory costs, are much stronger for domestic industry than for massive imports from other countries. Unfair competition has a negative effect on economic development when it leads to industrial decline and unsustainable trade deficits. Industrial decline has usually negative impacts on real wages and rates of total employment in the domestic market. Here we analyze industrial development in six OECD countries: France, Germany, Italy, Spain, United Kingdom and the United States, for the period 2000-2010. We present an econometric model that relates industry and trade balance and recommend policies addressed to avoid industrial decline in OECD countries.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Regional and Sectoral Economic Studies.
Volume (Year): 11 (2011)
Issue (Month): 2 ()
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Find related papers by JEL classification:
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- E23 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Production
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Guisan, M.C., 2006. "Industry, Foreign Trade and Development: Econometric Models of Europe and North America, 1965-2003," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 3(1), pages 5-30.
- GUISAN, Maria-Carmen, 2011. "Industry, Foreign Trade and Employment in EU Countries; Comparison of France, Germany, Italy, Spain and the UK with the United States," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
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