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

Zeitschrift:
Papeles de Europa

ISSN: 1989-5917

Datum der Publikation: 2014

Ausgabe: 27

Nummer: 1

Seiten: 137-164

Art: Artikel

DOI: 10.5209/REV_PADE.2014.V27.N1.47015 DIALNET GOOGLE SCHOLAR lock_openOpen Access editor

Andere Publikationen in: Papeles de Europa

Ziele für nachhaltige Entwicklung

Zusammenfassung

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