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It has been argued that the increasing importance of global value chains necessitates a modification of conventional competitiveness measures. We compile a broad dataset including value added trade, gross exports and conventional and value added based real exchange rates. To sharply focus on...
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rates, but in the longerterm only modest effects remain due to higher wages. …
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the macroeconomic level, we draw special attention to the important distinction between product and consumption wages … changes in the distribution of hourly wages between 1990 and 1997 and analyze the economic factors determining these changes …
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China is different from both other low-wage and OECD countries. Industry-level import competition and firm-level outsourcing …. In terms of skill upgrading, the effect of Chinese imports is large. Import competition from China accounts for 42% (20 …
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