Wage and price dynamics in a large emerging economy: : The case of China
Holz, Carsten A.; Mehrotra, Aaron (20.01.2014)
Numero
3/2014Julkaisija
Bank of Finland
2014
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408072219Tiivistelmä
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 manufactured goods. The potential implications of labour cost increases in China for global inflation pressures are also discussed. Keywords: labour costs, inflation, China, global economic slack, globalization JEL Classification: E31; F42; J30
Julkaisuhuomautus
Published in The World Economy, Vol. 39, Issue 8, Aug. 2016, Pages 1109-1127 as Wage and price dynamics in China