Wage and price dynamics in a large emerging economy: The case of China

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.

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Year of publication:	2013-04
Authors:	Holz, Carsten A ; Mehrotra, Aaron
Institutions:	Bank for International Settlements (BIS)
Subject:	labour costs \| inflation \| China \| global economic slack \| globalisation

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Extent:	application/pdf text/html
Series:	BIS Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 409 22 pages
Source:	RePEc - Research Papers in Economics

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