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A Reassessment of the Use of Unit Labor Costs as a Tool for Competitiveness and Policy Analyses in India
Felipe, Jesus - 2010
. This allows us to discuss the functional distribution of income. We use data from India's organized manufacturing sector … and show that while India's ULC displays a clear upward trend since 1980 (with a decline since the early 2000s), this is … exclusively the result of the increase in the price deflator used to calculate the ULC. The labor share of India's organized …
Persistent link: https://www.econbiz.de/10013137420
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Unit Labor Costs in the Eurozone : The Competitiveness Debate Again
Felipe, Jesus; Kumar, Utsav - 2011
Current discussions about the need to reduce unit labor costs (especially through a significant reduction in nominal wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may not be a panacea. First, historically, there is no...
Persistent link: https://www.econbiz.de/10014185411
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A reassessment of the use of unit labor costs as a tool for competitiveness and policy analyses in India
Felipe, Jesus; Kumar, Utsav - 2010
. This allows us to discuss the functional distribution of income. We use data from India's organized manufacturing sector … and show that while India's ULC displays a clear upward trend since 1980 (with a decline since the early 2000s), this is … exclusively the result of the increase in the price deflator used to calculate the ULC. The labor share of India's organized …
Persistent link: https://www.econbiz.de/10010286515
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"A Reassessment of the Use of Unit Labor Costs as a Tool for Competitiveness and Policy Analyses in India"
Felipe, Jesus; Kumar, Utsav - Levy Economics Institute - 2010
. This allows us to discuss the functional distribution of income. We use data from India’s organized manufacturing sector … and show that while India’s ULC displays a clear upward trend since 1980 (with a decline since the early 2000s), this is … exclusively the result of the increase in the price deflator used to calculate the ULC. The labor share of India’s organized …
Persistent link: https://www.econbiz.de/10008678208
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Unit labor costs in the eurozone
Felipe, Jesus; Kumar, Utsav - 2011
Current discussions about the need to reduce unit labor costs (especially through a significant reduction in nominal wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may not be a panacea. First, historically, there is no...
Persistent link: https://www.econbiz.de/10008906594
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Kaldorian cumulative causation in the Euro area : an empirical assessment of divergent export competitiveness
Keil, Sascha; Paternesi Meloni, Walter - 2024
Over the past decades, models of circular and cumulative causation, based on the endogenous relations between prices, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of counterbalancing mechanisms, the combination of...
Persistent link: https://www.econbiz.de/10014541537
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Kaldorian cumulative causation in the euro area : an empirical assessment of divergent export competitiveness
Keil, Sascha; Paternesi Meloni, Walter - 2024
Over the past decades, models of circular and cumulative causation, based on the endogenous relations between prices, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of counterbalancing mechanisms, the combination of...
Persistent link: https://www.econbiz.de/10014581460
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Decentralisation of collective bargaining : a path to productivity?
Aglio, Daniele; Di Mauro, Filippo - 2020
Productivity developments have been rather divergent across EU countries and particularly between Central Eastern Europe (CEE) and elsewhere in the continent (non-CEE). How is such phenomenon related to wage bargaining institutions? Starting from the Great Financial Crisis (GFC) shock, we...
Persistent link: https://www.econbiz.de/10012312336
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Unit labor costs and manufacturing sector performance in Africa
Naidoo, Karmen; Ndikumana, Léonce - 2020
Several studies have highlighted that African manufacturing wages are higher than comparator countries at similar levels of development, which contributes to the continent’s lower levels of manufacturing competitiveness. This paper derives unit labor costs - average wages relative to...
Persistent link: https://www.econbiz.de/10012262304
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Real unit labour costs in Eurozone countries : drivers and clusters
Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - In: IZA journal of European Labor Studies 4 (2015) 15, pp. 1-9
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...
Persistent link: https://www.econbiz.de/10011417168