A Relative Unit Labor Cost: Case of Accession Countries (CROSBI ID 150220)
Prilog u časopisu | prethodno priopćenje
Podaci o odgovornosti
Tica, Josip ; Jurčić, Ljubo
engleski
A Relative Unit Labor Cost: Case of Accession Countries
In this paper, framework of the relative unit labor cost has been used in order to analyze relative competitiveness of the economic agents in the Croatia and five new member countries. Unit labor costs have been calculated for the Croatia, Czech Republic, Hungary, Poland, Slovakia and Slovenia. The cointegration tests and VAR methodology was used in order to estimate importance of relative unit labor costs vis a vis accession countries on industrial production in Croatia. Our findings suggest that relative unit labor costs (RULC-competitiveness) increased quite modestly (within the margin of error) during the observed period and that movements of RULC can explain short run movements in industrial production of Croatia.
competitiveness; relative unit labor costs; productivity; wages; employment
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
Podaci o izdanju
58
2007.
655-679
objavljeno
0424-7558
Povezanost rada
Ekonomija