Article · February 005 Source: RePEc citations 35 reads 4,815 authors
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- Unit Labour Costs, Productivity and International Competitiveness
| See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/4786932 Unit Labour Costs, Productivity and International Competitiveness Article · February 2005 Source: RePEc CITATIONS 35 READS 4,815 3 authors , including: Bart van Ark The University of Manchester 176 PUBLICATIONS 5,910 CITATIONS SEE PROFILE All content following this page was uploaded by Bart van Ark on 11 July 2014. The user has requested enhancement of the downloaded file. Unit Labour Costs, Productivity and International Competitiveness Research Memorandum GD-80 Bart van Ark, Edwin Stuivenwold and Gerard Ypma Groningen Growth and Development Centre August 2005 1 Unit Labour Costs, Productivity and International Competitiveness Bart van Ark, Edwin Stuivenwold and Gerard Ypma Groningen Growth and Development Centre and The Conference Board August 2005 Abstract This paper provides international comparisons of relative levels of unit labour costs (ULC) for several OECD countries relative to the United States. The estimates are based on the Total Economy Database and the 60-Industry Database of the Groningen Growth and Development Centre (GGDC), and are also included in the Key Indicators of the Labour Market of the International Labour Office (ILO). The paper discusses the concept of relative ULC measures in comparison to other measures of competitiveness. It presents the main results for manufacturing and total economy measures of ULC, and makes two digressions, firstly by also presenting results for some major manufacturing sectors for a few large European countries and the U.S. and, secondly, by showing some comparable results for developing countries. An important observation from this paper is that relative productivity levels tend to move more or less in tandem with relative labour cost levels so that unit labour cost levels are closer between countries than labour cost levels per se. However, unit labour cost levels are certainly not identical between countries, as there are important deviations due to short term movements in relative prices (related to fluctuation in the nominal exchange rate) and differences in industrial structure. Whereas some of the differences cancel out at the aggregate level, differences in industry and product composition are quite important at a more detailed level. * This paper is written as a contribution to the latest edition of the Key Indicators of the Labour Market, Fourth Edition , International Labour Office, Geneva, 2005. Some small editorial changes were made compared to the version that will be published in KILM. 2 Yüklə 276,31 Kb. Dostları ilə paylaş:
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