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Working Paper 09-09 - Alternative assessment of Belgian competitiveness

Author

Listed:
  • 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 200909, Federal Planning Bureau, Belgium.
    • Handle: RePEc:fpb:wpaper:200909
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    File URL: https://www.plan.be/uploaded/documents/200909231243020.wp200909.pdf
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    More about this item

    Keywords

    Relative position; Relative unit costs; Relative prices; TFP;
    All these keywords.

    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 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices

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