Export market performance of OECD countries: An empirical examination of the role of cost competitiveness

• 成果类型: Article
• 署名作者: Carlin, W; Glyn, A; Van Reenen, J
• 署名单位: University of London; University College London; University of Oxford
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/1468-0297.00592
• 发表日期: 2001
• 页码: 128-162
• 关键词: trade; TECHNOLOGY; panel; INNOVATION; advantage

摘要

We investigate the relationship between export market shares and relative unit labour costs using a long panel of 12 manufacturing industries across 14 OECD countries. We ask how sensitive are export market shares to changes in relative costs and what determines tills sensitivity? Both costs and embodied technology are important, but neither can fully explain changing export positions. We explore whether residual country-specific trends might be linked to 'deep' structural features of economies. Sensitivity to labour costs: is lower in high tech industries and core ERM countries. Industry elasticities hate increased, especially in industries subject to increasing product market competition.