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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 9 The evolution of the international competitiveness (%); Italy

From: Wage versus currency devaluation, price pass-through and income distribution: a comparative input–output analysis of the Greek and Italian economies

 

w = 20%

w = 30%

w = 40%

w = 50%

Wage devaluation

t = 1

102.3

103.5

104.8

106.1

t = 2

104.1

106.3

108.6

111.0

t = 3

105.4

108.4

111.5

114.8

t →+∞

109.2

114.5

120.3

126.7

 

ε = 20%

ε = 30%

ε = 40%

ε = 50%

Currency devaluation

t = 1

114.2

120.7

127.0

133.0

t = 2

111.4

116.5

121.3

125.8

t = 3

109.5

113.7

117.5

121.0