Productivity, labour cost and export adjustment: Detailed results for 24 EU countries
AbstractAs a background document for the Policy Contribution â??Compositional effects on productivity, labour cost and export adjustmentâ??, this working paper presents detailed results for 24 EU countries on: â?¢ The sectoral changes in the economy;â?¢ The unit labour costs (ULC) based real effective exchange rate (REER) and its main components;â?¢ Export performance. The ULC-REERs are calculated: â?¢ For the total economy, the business sector (excluding agriculture, construction and real estate activities), and some main sectors;â?¢ Using both actual aggregates and fixed-weight aggregates, as the latter are free from the impacts of compositional changes;â?¢ Against 30 trading partners and against three subsets of trading partners: euro-area, non-euro area EU, non-EU.â?¢ The REERs calculated in this paper are freely downloadable.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Bruegel in its series Working Papers with number 737.
Date of creation: Jul 2012
Date of revision:
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Zsolt Darvas, 2012. "Intra-euro rebalancing is inevitable but insufficient," Policy Contributions 747, Bruegel.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruegel).
If references are entirely missing, you can add them using this form.