Holz, Carsten A.; Mehrotra, Aaron - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
This study finds that the growth in labour costs in China is not passed through fully to final prices in China, neither in the tradable goods sector nor in the economy as a whole. This probably reflects the strong pressure on profit margins from a highly competitive environment, especially in...
