International Competitiveness: is the reduction of wages the solution?

Detalhes bibliográficos
Autor(a) principal: Vaz, Elsa Cristina
Data de Publicação: 2012
Outros Autores: Fontoura, Maria Paula
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/9342
Resumo: The purpose of this paper is to analyse the effectiveness of the wage reduction in promoting efficiency and the international competitiveness of the Portuguese economy. A static multi-sectoral and single-country general equilibrium model will be used for the Portuguese case using the data from GTAP7 Data Base. The model allows measuring the changes by sectors. The simulations performed show that the reduction of wages in all sectors lead to negative effects on the productivity and the trade balance of the majority of sectors, albeit small. Only the labour intensive sectors depict an improvement of the trade balance.
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spelling International Competitiveness: is the reduction of wages the solution?CompetitivenesswagesStability and Growth PactGeneral Equilibrium ModelThe purpose of this paper is to analyse the effectiveness of the wage reduction in promoting efficiency and the international competitiveness of the Portuguese economy. A static multi-sectoral and single-country general equilibrium model will be used for the Portuguese case using the data from GTAP7 Data Base. The model allows measuring the changes by sectors. The simulations performed show that the reduction of wages in all sectors lead to negative effects on the productivity and the trade balance of the majority of sectors, albeit small. Only the labour intensive sectors depict an improvement of the trade balance.EcoMod Press2014-01-08T10:57:25Z2014-01-082012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/9342http://hdl.handle.net/10174/9342engVaz, E. C. and M. P. Fontoura (2012), International Competitiveness: is the reduction of wages the solution?, in Bayar, A. and M. Cardenete (Editors), Policy Modeling 2012, Proceedings of the EcoMod2012 Conference Held in Seville on Jully 4-6, 2012, EcoMod Press, December, (ISBN: 0-9763295-7-3)0-9763295-7-3elsavaz@uevora.ptmpfontoura@sapo.ptPolicy Modeling 2012640Vaz, Elsa CristinaFontoura, Maria Paulainfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:51:16Zoai:dspace.uevora.pt:10174/9342Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:03:27.425212Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv International Competitiveness: is the reduction of wages the solution?
title International Competitiveness: is the reduction of wages the solution?
spellingShingle International Competitiveness: is the reduction of wages the solution?
Vaz, Elsa Cristina
Competitiveness
wages
Stability and Growth Pact
General Equilibrium Model
title_short International Competitiveness: is the reduction of wages the solution?
title_full International Competitiveness: is the reduction of wages the solution?
title_fullStr International Competitiveness: is the reduction of wages the solution?
title_full_unstemmed International Competitiveness: is the reduction of wages the solution?
title_sort International Competitiveness: is the reduction of wages the solution?
author Vaz, Elsa Cristina
author_facet Vaz, Elsa Cristina
Fontoura, Maria Paula
author_role author
author2 Fontoura, Maria Paula
author2_role author
dc.contributor.author.fl_str_mv Vaz, Elsa Cristina
Fontoura, Maria Paula
dc.subject.por.fl_str_mv Competitiveness
wages
Stability and Growth Pact
General Equilibrium Model
topic Competitiveness
wages
Stability and Growth Pact
General Equilibrium Model
description The purpose of this paper is to analyse the effectiveness of the wage reduction in promoting efficiency and the international competitiveness of the Portuguese economy. A static multi-sectoral and single-country general equilibrium model will be used for the Portuguese case using the data from GTAP7 Data Base. The model allows measuring the changes by sectors. The simulations performed show that the reduction of wages in all sectors lead to negative effects on the productivity and the trade balance of the majority of sectors, albeit small. Only the labour intensive sectors depict an improvement of the trade balance.
publishDate 2012
dc.date.none.fl_str_mv 2012-01-01T00:00:00Z
2014-01-08T10:57:25Z
2014-01-08
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10174/9342
http://hdl.handle.net/10174/9342
url http://hdl.handle.net/10174/9342
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Vaz, E. C. and M. P. Fontoura (2012), International Competitiveness: is the reduction of wages the solution?, in Bayar, A. and M. Cardenete (Editors), Policy Modeling 2012, Proceedings of the EcoMod2012 Conference Held in Seville on Jully 4-6, 2012, EcoMod Press, December, (ISBN: 0-9763295-7-3)
0-9763295-7-3
elsavaz@uevora.pt
mpfontoura@sapo.pt
Policy Modeling 2012
640
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv EcoMod Press
publisher.none.fl_str_mv EcoMod Press
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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