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Competitividad de los sectores manufactureros de Alemania y España, 1995-2015: análisis de la ventaja absoluta de coste con datos de panel dinámico

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  • Fahd BOUNDI-CHRAKI

Abstract

La presente investigación tiene como objetivo identificar los factores que explican la mejor posición competitiva de los sectores manufactureros alemanes en relación con los españoles durante el período 1995-2015. Con base en la teoría de la ventaja absoluta de coste de Shaikh, se contrasta la hipótesis de que, para dicho lapso, los términos reales de intercambio entre los sectores manufactureros de España y de Alemania se encuentran regulados por los niveles relativos de sus costes laborales unitarios reales. A este fin, se construye un modelo dinámico de datos de panel conformado por los once sectores manufactureros de la base EU KLEMS 2017, el cual revela que entre las tres variables existe una relación estable en el largo plazo. The main goal of this paper is to identify explanatory factors on the competitive position of manufacturing sectors from Germany and Spain during 1995-2015. Based on Shaikh´s theory of absolute cost advantage, we try to test the hypothesis that the real terms of exchange are regulated by real unit labor costs. In order to do so, we elaborate a dynamic data model through EU KLEMS 2017 database, which reveals that there is a stable long-term relationship between the three variables.

Suggested Citation

  • Fahd BOUNDI-CHRAKI, 2018. "Competitividad de los sectores manufactureros de Alemania y España, 1995-2015: análisis de la ventaja absoluta de coste con datos de panel dinámico," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 27(1), pages 5-16.
    • Handle: RePEc:sdo:regaec:v:27:y:2018:i:1_1
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    References listed on IDEAS

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    More about this item

    Keywords

    Competitiveness of the German and Spanish manufacturing sectors; 1995-2015: an analysis of absolute cost advantage using dynamic panel data. Real terms of trade; absolute cost advantage; unit labour cost; cointegration.;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • F10 - International Economics - - Trade - - - General
    • F20 - International Economics - - International Factor Movements and International Business - - - General

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