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    • Dynamic effects of changes in cost competitiveness 

      Alhola, Sara; Keränen, Henri
      Economic Policy Council Background Report (Talouspolitiikan arviointineuvosto, 26.01.2022)
      We study the dynamic effects of relative changes in unit labour costs on export market performance in a panel of 18 manufacturing industries from OECD countries. We find a modest but statistically significant negative ...