The objective of the article is to evaluate the impact of personnel costs on apparent labour productivity by employing the 1995-2018 panel data of the manufacturing industry in 27 European countries. The methods of independent samples t-test, correlation analysis, Granger causality test, unit...

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components-real wages, capital intensity, and technology-are uncovered through decomposition and cluster analyses. In the...

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are uncovered through decomposition and cluster analyses. In the...

We empirically assess the impact of competitiveness measured by unit labor costs for current account balances in the Euro area. For this purpose, we estimate a panel with annual observations from 2000 to 2013. Our findings confirm the importance of competitiveness: Higher unit labor costs growth...

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...