Decramer, Stefaan; Fuss, Catherine; Konings, Jozef - European Central Bank - 2014
the impact of unit labor costs on exports. We use exports adjusted for their import content. We find a statistically … margin of exports ranging between -0.2 and -0.4. This result is robust to various specifications, including firm, time and … sector fixed effects and estimation approaches. We find that this elasticity varies between sectors and between firms, with …