Reference : Competitiveness and Employment in a Small Open Economy
Scientific journals : Article
Business & economic sciences : International economics
http://hdl.handle.net/10993/5951
Competitiveness and Employment in a Small Open Economy
English
Bourgain, Arnaud mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Pieretti, Patrice mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Jun-2003
Journal of Economic Integration
18
2
391-405
Yes
International
1225-651X
1976-5525
[en] Competitiveness ; Employment ; Labor Demand ; Small Open Economy
[en] The model developed in this article leads to a reduced form that synthesizes the relevant determinants of job creation in a small open economy. Among these factors, we stress the role of competitiveness that is measured by an indicator taking into account the foreign price sensitiveness of domestic exporters. Our model shows that the stronger the price setting power of domestic firms, the greater the impact of competitiveness on employment is. The model is used to empirically estimate the determinants of job creation over the period 1970-1998, in Luxembourg, a small economy, where employment expanded dramatically during the last decades.
Researchers ; Students
http://hdl.handle.net/10993/5951

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