Jung, Chulho; Doroodian, Khosrow - In: Journal of Economic Studies 27 (2000) October, pp. 514-525
Hourly labor costs in the manufacturing sector of seven EC countries, the USA and Canada are used to test the factor …-run equilibrium cointegration relationship among labor costs in manufacturing. The estimation results of error correction models show … that a feedback causality exists between manufacturing labor costs in North America and Western Europe. …