Determinants of the competitiveness of the capital goods industry in Spain and Germany (1993-2008)absolute advantage of cost, wage and productivity

  1. Boundi, Fahd 1
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

Revista:
Papeles de Europa

ISSN: 1989-5917

Año de publicación: 2014

Volumen: 27

Número: 1

Páginas: 137-164

Tipo: Artículo

DOI: 10.5209/REV_PADE.2014.V27.N1.47015 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Papeles de Europa

Objetivos de desarrollo sostenible

Resumen

This paper makes a comparative analysis of the capital goods industry in Spain and Germany, in order to explain the determinants of competitiveness in this industry. The main hypothesis is: the German capital goods industry is more competitive as a result of its higher productivity and its lower relative costs. Thus, we will start from the classical and Marxian theory of price formation, and the model of the absolute advantages of Anwar Shaikh. Subsequently, the rates of real unit labor costs are calculated and the absolute advantage’s theory is tested empirically.

Fuente de los datos: Dialnet