Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77983
Authors: 
Darvas, Zsolt
Year of Publication: 
2012
Series/Report no.: 
Bruegel Working Paper 2012/11
Abstract: 
As a background document for Bruegel Policy Contribution 2012/11 'Compositional effects on productivity, labour cost and export adjustment', this working paper presents detailed results for 24 EU countries on: The sectoral changes in the economy; The unit labour costs (ULC) based real effective exchange (REER) rate and its main components; Export performance. The ULC-REERs are calculated: For the total economy, the business sector (excluding agriculture, construction and real estate activities), and some main sectors; Using both actual aggregates and fixed-weight aggregates, as the latter is free from the impacts of compositional changes; Against 30 trading partners and against three subsets of trading partners: euro-area, non-euro area EU, non-EU.
Document Type: 
Working Paper
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