Competitividad de la industria de bienes de equipo de España y Alemania (1993-2008):ventaja absoluta y costes relativos
ISSN: 2255-5471
Year of publication: 2014
Issue: 3
Type: Working paper
More publications in: Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales
Abstract
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 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. For our purposes, we will calculate the exchange rates, the rates of real unit labor costs and the bilateral trade balance of goods.