BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 3/2014:
Wage and price dynamics in a large emerging economy: The case of China
Carsten A. Holz ()
and Aaron Mehrotra ()
Abstract: 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; globalisation; (follow links to similar papers)
JEL-Codes: E31; F42; J30; (follow links to similar papers)
26 pages, January 20, 2014
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