Industrial competitiveness in the European Union: Italy versus Eastern European countries

Andrea Ricci

Argomenti, 2015, vol. 1, issue 1, 1-23

Abstract: During the crisis the Italian industry suffered a sharp contraction of output and employment. An opposite trend showed the New Member States (NMS) in Eastern Europe, to which continued the process of industrial relocation of Italian firms. The analysis of Unit Labor Cost (ULC), measured in Purchasing Power Parity, shows that this competitive gap stems from two factors. The first is of real character and relates to the low growth of labor productivity in the Italian industry. The second factor is of a monetary nature and relates to the undervaluation of the exchange rate of the currencies of the NMS with the euro.

Keywords: : Industrial Competitiveness; European Union; Unit Labor Cost; Purchasing Power Parity; Exchange Rates; Euro (search for similar items in EconPapers)
JEL-codes: E24 F14 F31 F41 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.econ.uniurb.it/RePEc/urb/journl/472-1834-1-PB.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:urb:journl:v:1:y:2015:p:1-23

DOI: 10.14276/1971-8357.472

Access Statistics for this article

More articles in Argomenti from University of Urbino Carlo Bo, Department of Economics, Society & Politics Contact information at EDIRC.
Bibliographic data for series maintained by Carmela Nicoletti ().