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Industry, Fair Competition And Trade In Oecd Countries: Impact On Wages And On Employment By Sector, 2000-2010

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  • GUISAN, Maria-Carmen

Abstract

For 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.

Suggested Citation

  • GUISAN, Maria-Carmen, 2011. "Industry, Fair Competition And Trade In Oecd Countries: Impact On Wages And On Employment By Sector, 2000-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 11(2).
    • Handle: RePEc:eaa:eerese:v:11:y2011:i:2_10
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    1. 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).
    2. Guisan, M.Carmen, 2004. "A Comparison of Causality Tests Applied to the Bilateral Relationship between Consumption and GDP in the USA and Mexico," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 1(1), pages 115-130.
    3. Guisan, M.Carmen, 2003. "Causality Tests, Interdependence and Model Selection: Aplication to OECD countries 1960-97," Economic Development 63, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    4. Guisan, M.C. & Aguayo, Eva, 2007. "Wages, Productivity And Human Capital In The European Union: Econometric Models And Comparison With The Usa 1985-2005," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(1).
    5. 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.
    6. GUISAN, Maria-Carmen, 2008. "Manufacturing and Economic Development: Inter-sectoral relationships in Europe, America, Africa and Asia-Pacific, 1999-2006," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 8(2), pages 73-88.
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    Cited by:

    1. GUISAN, Maria-Carmen, 2018. "Female Employment And Quality Of Life In Europe And The United States: The Positive Effects Of Industry On Services Employment And Wages, 2000-2017," Economic Development 120, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    2. Guisan, M.C. & Exposito, P., 2013. "Employment, Production and Income by Sector in Spain: Econometric Models and Comparison with Germany and the United States, 1965-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 78-90.
    3. GUISAN, Maria-Carmen, 2024. "Econometric Models of OECD Countries and Regions, 2001-2023," ESTUDIOS ECONOMICOS EECHAPTER, in: M. Carmen Guisan Seijas (ed.), EDUCATION, FREEDOM, INTERNATIONAL DEVELOPMENT AND QUALITY OF LIFE, 2001-2023: INTERNATIONAL. ECONOMIC STUDIES OF AMERICA, EUROPE, AFRICA AND ASIA, edition 1, volume 1, chapter 2, pages 43-72, Euro-American Association of Economic Development.
    4. GUISAN, Maria-Carmen, 2017. "Manufacturing And Economic Development In The World For 2000-2015: Main Features And Challenges," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 26(3), pages 73-88.

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    More about this item

    Keywords

    Industry; OECD Countries; Wages; Employment; Trade of goods;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • 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, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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