Huemer, Stefan; Scheubel, Beatrice; Walch, Florian - European Central Bank - 2013
While there are many methods to measure the competitiveness of an economy, most of these concepts ignore the fact that … competitiveness can change because of market processes like wage negotiation but also because of political decision … competitive position. Disentangling market-induced and politics-induced changes in competitiveness is not easy, but strongly …