Competitiveness at the country-sector level : new measures based on global value chains

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dc.contributor.authorBeißinger, Thomasde
dc.contributor.authorMarczak, Martynade
dc.date.accessioned2024-04-08T08:55:50Z
dc.date.available2024-04-08T08:55:50Z
dc.date.created2018-05-08
dc.date.issued2018
dc.description.abstractWe propose the so-called domestic “embodied unit labor costs” (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector’s labor costs constitute only a small share of its total cost which to a large extent consist of expenses for inter- mediate goods from other sectors. In line with a simple Leontief-type model, the proposed measure is constructed as a weighted average of unit labor costs of all do- mestic sectors contributing to the final goods of a specific sector. The contribution is expressed in value-added terms and takes global supply chains into account. We also show how EULC can be consistently calculated for sectoral aggregates such as the tradable goods sector. Based on EULC we propose the “embodied real effec- tive exchange rate” (EREER) at the country-sector level as a new competitiveness indicator where the relevance of trading partners is quantified by an appropriate value-added measure. The chosen value-added concept replaces gross exports tra- ditionally used as the weight basis in effective exchange rates. Using the World Input-Output Database (WIOD) we employ the proposed indicators to shed new light on changes in cost competitiveness at the sectoral level for Germany, and compare the empirical evidence with selected other euro area countries.en
dc.identifier.swb504244906
dc.identifier.urihttps://hohpublica.uni-hohenheim.de/handle/123456789/6271
dc.identifier.urnurn:nbn:de:bsz:100-opus-14881
dc.language.isoeng
dc.relation.ispartofseriesHohenheim discussion papers in business, economics and social sciences; 2018,12
dc.rights.licensepubl-mit-poden
dc.rights.licensepubl-mit-podde
dc.rights.urihttp://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subjectUnit labor costsen
dc.subjectReal effective exchange rateen
dc.subjectGlobal supply chainsen
dc.subjectInput-output analysisen
dc.subjectSectoral analysisen
dc.subjectWIODen
dc.subject.ddc330
dc.subject.gndLohnstückkostende
dc.subject.gndSupply Chain Managementde
dc.subject.gndWettbewerbsverhaltende
dc.titleCompetitiveness at the country-sector level : new measures based on global value chainsde
dc.type.dcmiTextde
dc.type.diniWorkingPaperde
local.accessuneingeschränkter Zugriffen
local.accessuneingeschränkter Zugriffde
local.bibliographicCitation.publisherPlaceUniversität Hohenheimde
local.export.bibtex@techreport{Beißinger2018, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6271}, author = {Beißinger, Thomas and Marczak, Martyna}, title = {Competitiveness at the country-sector level : new measures based on global value chains}, year = {2018}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthorBeißinger, Thomas and Marczak, Martyna
local.export.bibtexKeyBeißinger2018
local.export.bibtexType@techreport
local.faculty.number3de
local.institute.number520de
local.opus.number1488
local.series.issueNumber2018,12
local.series.titleHohenheim discussion papers in business, economics and social sciences
local.universityUniversität Hohenheimde
local.university.facultyFaculty of Business, Economics and Social Sciencesen
local.university.facultyFakultät Wirtschafts- und Sozialwissenschaftende
local.university.instituteInstitute for Economicsen
local.university.instituteInstitut für Volkswirtschaftslehrede

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