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Inflación y competitividad de la economía española

Author

Listed:
  • José Luis Raymond

    (Universidad Autónoma de Barcelona)

Abstract

This work offers the definition and evolution of an aggregate index of spanish competitiviness in relation to the others E.E.C. countries. The index is constructed considering the unitary internal production costs and comparing them with external pricess expressed in pesetas. The conclusion is that between 1987 and 1990 the spanish economy has suffered an important loss of competitiviness as a result of a positive inflation diferencial and a bad mixture of restrictiva monetary policy and expansivo fiscal policy that has pushed up the exchange rate of the peseta. A consequence of this has been the destruction of part of the spanish industrial structure.

Suggested Citation

  • José Luis Raymond, 1992. "Inflación y competitividad de la economía española," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 24(03), pages 118-137.
    • Handle: RePEc:ekz:ekonoz:1992306
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    More about this item

    Keywords

    Indice agregado de competitividad; costes unitarios de producción; inflación;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation

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