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Analysis of competitiveness through disinflation as macroeconomic strategy in Belgium: Empirical study (1970--95).

机译:通过通货紧缩分析竞争能力作为比利时的宏观经济战略:实证研究(1970--95)。

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摘要

In this thesis the Phillips curve was revisited which establishes the trade-off between real salary and unemployment rate. After reviewing the notion of inflation and its internal and external impacts, the research examined measures that a responsible government can use to fight inflation.;By using the co-integration method with the data provided by the OECD, it was possible to verify the Phillips curve.;At the end of the research analysis, it was concluded that the strategy of competitiveness through disinflation utilized by the Belgian government responded to the expectations but the results are weak and therefore the adjustment process was very slow. There is a negative effect of unemployment on salary. It takes a 10% inflation rate to reduce the salary at the level of 0.4%. With respect to the production price equation, 1% of cost unit labor causes about 0.2% in price increase and 1% in the price of imported goods causes an increase of about 0.8% in production prices.;All these results, show that it is necessary to think of pairing these processes with more active policies to render domestic firms competitive in short length of time.
机译:本文重新研究了菲利普斯曲线,建立了实际工资与失业率之间的权衡。在审查了通货膨胀及其内部和外部影响的概念之后,研究研究了负责任的政府可以用来对抗通货膨胀的措施。通过使用经合方法与经合组织提供的数据,可以验证菲利普斯在研究分析的最后,得出的结论是,比利时政府采用的通货紧缩的竞争战略满足了预期,但结果薄弱,因此调整过程非常缓慢。失业对工资有负面影响。通货膨胀率需要10%才能将工资降低到0.4%的水平。就生产价格方程而言,单位成本的1%的成本导致价格上涨约0.2%,进口商品的价格的1%引起生产价格上涨约0.8%。所有这些结果表明,这是必须考虑将这些流程与更积极的政策结合起来,以使国内企业在短时间内具有竞争力。

著录项

  • 作者

    Dyendelayi, Isaac.;

  • 作者单位

    Morgan State University.;

  • 授予单位 Morgan State University.;
  • 学科 Economics General.
  • 学位 M.A.
  • 年度 2005
  • 页码 64 p.
  • 总页数 64
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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