International Competitiveness: is the reduction of wages the solution?

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dc.contributor.authorVaz, Elsa Cristina
dc.contributor.authorFontoura, Maria Paula
dc.contributor.editorBayar, A.
dc.contributor.editorCardenete, M.
dc.date.accessioned2014-01-08T10:57:25Z
dc.date.available2014-01-08T10:57:25Z
dc.date.issued2012
dc.description.abstractThe purpose of this paper is to analyse the effectiveness of the wage reduction in promoting efficiency and the international competitiveness of the Portuguese economy. A static multi-sectoral and single-country general equilibrium model will be used for the Portuguese case using the data from GTAP7 Data Base. The model allows measuring the changes by sectors. The simulations performed show that the reduction of wages in all sectors lead to negative effects on the productivity and the trade balance of the majority of sectors, albeit small. Only the labour intensive sectors depict an improvement of the trade balance.por
dc.identifier.authoremailelsavaz@uevora.pt
dc.identifier.authoremailmpfontoura@sapo.pt
dc.identifier.citationVaz, E. C. and M. P. Fontoura (2012), International Competitiveness: is the reduction of wages the solution?, in Bayar, A. and M. Cardenete (Editors), Policy Modeling 2012, Proceedings of the EcoMod2012 Conference Held in Seville on Jully 4-6, 2012, EcoMod Press, December, (ISBN: 0-9763295-7-3)por
dc.identifier.isbn0-9763295-7-3
dc.identifier.principalpublicationtitlePolicy Modeling 2012
dc.identifier.scientificarea640por
dc.identifier.urihttp://hdl.handle.net/10174/9342
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherEcoMod Presspor
dc.rightsopenAccesspor
dc.subjectCompetitivenesspor
dc.subjectwagespor
dc.subjectStability and Growth Pactpor
dc.subjectGeneral Equilibrium Modelpor
dc.titleInternational Competitiveness: is the reduction of wages the solution?por
dc.typearticlepor
degois.publication.locationSevillepor
degois.publication.titlePolicy Modeling 2012, Proceedings of the EcoMod2012 Conferencepor

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