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In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost … advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998 …-2009. Between 1998 and 2003 China’s unit labor costs fell, but since 2003 they have increased both absolutely and relative to US …
Persistent link: https://www.econbiz.de/10009323303
. -- China ; labor costs ; productivity ; international competitiveness ; real exchange rate …In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China's cost … advantage in manufactures. This paper explores the evolution of China's relative unit labor costs in manufacturing over 1998 …
Persistent link: https://www.econbiz.de/10009301096
In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China's cost … advantage in manufactures. This paper explores the evolution of China's relative unit labor costs in manufacturing over 1998 …-2009. Between 1998 and 2003 China's unit labor costs fell, but since 2003 they have increased both absolutely and relative to US …
Persistent link: https://www.econbiz.de/10013120237
, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of … counterbalancing mechanisms, the combination of price-sensitive exports and the triggering effect of exports on productivity can enable … productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …
Persistent link: https://www.econbiz.de/10014581460
, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of … counterbalancing mechanisms, the combination of price-sensitive exports and the triggering effect of exports on productivity can enable … productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …
Persistent link: https://www.econbiz.de/10014541537
accounted for the bulk of value added in production. Their productivity gains have greatly contributed to Ireland's exceptional …
Persistent link: https://www.econbiz.de/10014073467
Labor costs in China have been increasing dramatically in recent years, spurring worries that the country may lose its … labor costs on China’s attractiveness to multinationals and its competitiveness in exports, by using regional variations in …
Persistent link: https://www.econbiz.de/10013231401
wages to increase beyond productivity increases. The augmented Balassa-Samuelson model is extended to trace cyclical … deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the period from 1995 to … evidence in favour of capital inflow-driven real wage increases in excess of productivity increases. …
Persistent link: https://www.econbiz.de/10011373258
wages to increase beyond productivity increases. The augmented Balassa-Samuelson model is extended to trace cyclical … deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the period from 1995 to … evidence in favour of capital inflow-driven real wage increases in excess of productivity increases. …
Persistent link: https://www.econbiz.de/10011443937
This paper calculates a unit labor-cost based real effective exchange rate for China for the period 1987-2002. It …
Persistent link: https://www.econbiz.de/10005124915