We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...

"Recent attempts to measure competitiveness across countries have typically neglected the world's smallest economies. Hence, a simple composite index, the small state manufactured export competitiveness index or SSMECI, was developed to benchmark industrial competitiveness. The SSMECI represents...