Benkovskis, Konstantins; Wörz, Julia - Oesterreichische Nationalbank - 2014
We propose a comprehensive analysis of a country’s price and non-price competitiveness that accounts for changes in the … exports of goods, the analysis shows that advanced economies lost non-price competitiveness relative to emerging economies … production. However, gains in Chinese non-price competitiveness remain impressive even after accounting for global value chain …