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Working Paper 09-09 - Alternative assessment of Belgian competitiveness

Author

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  • Chantal Kegels

Abstract

This paper investigates graphically and econometrically the relationship between the relative positions, in terms of value added and relative prices, of Belgian manufacturing and market services in the European Union over 1970-2005. Relative prices are then decomposed into relative unit costs of factors of production. The analysis goes further by replacing relative unit labour cost with relative hourly wages and relative productivity. Finally, relative produc-tivity is replaced with relative capital deepening, relative labour composition effect and relative total factor productivity. All data are coming from the EUKLEMS database, March 2008 release.

Suggested Citation

  • Chantal Kegels, 2009. "Working Paper 09-09 - Alternative assessment of Belgian competitiveness," Working Papers 0909, Federal Planning Bureau, Belgium.
  • Handle: RePEc:fpb:wpaper:0909
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    File URL: https://www.plan.be/admin/uploaded/200909231243020.wp200909.pdf
    File Function: english version
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    Cited by:

    1. Henri Bogaert & Chantal Kegels, 2012. "Planning Paper 112 - Compétitivité de la Belgique - Défis et pistes de croissance
      [Planning Paper 112 - Concurrentievermogen van België - Uitdagingen en groeipistes]
      ," Planning Papers 112, Federal Planning Bureau, Belgium.

    More about this item

    Keywords

    Relative position; Relative unit costs; Relative prices; TFP;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • P42 - Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices

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