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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Unit Labour Costs, International Competitiveness, and Exports: The Case of Senegal
Authors:Mbaye, Ahmadou A.
Golub, Stephen
Year:2002
Periodical:Journal of African Economies
Volume:11
Issue:2
Period:June
Pages:219-248
Language:English
Geographic term:Senegal
Subjects:competition
industrial trade
exports
Development and Technology
Economics and Trade
Labor and Employment
Link:http://jae.oxfordjournals.org/content/11/2/219.full.pdf
Abstract:Despite some favourable conditions and a number of policy reforms, Senegal's participation in the global economy remains tenuous. This paper uses a Ricardian framework to study Senegal's international competitiveness in manufacturing. Wages, productivity and unit labour costs in Senegal are compared to those of other developing countries in Asia, Latin America and Africa. Senegal's labour productivity has grown much more slowly than in successful emerging economies. The 1994 devaluation of the CFA franc has dramatically improved Senegal's international competitiveness but further improvements in competitiveness depend on productivity growth given the constraint of the fixed exchange rate. The authors find a significant effect of relative unit labour costs on exports, particularly of manufactured goods. Sustained export-led growth, however, requires additional structural reforms. Bibliogr., notes, ref., sum. [Journal abstract]
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