Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Crisis Impacted Austria's International Unit Labour Cost Position in 2009

Contents:

Author Info

  • Werner Hölzl

    (WIFO)

  • Thomas Leoni

    (WIFO)

Abstract

The economic crisis has affected the unit labour cost position of the Austrian manufacturing sector. Per-capita labour productivity declined by 10.1 percent in Austria, while EU trading partners saw a drop in productivity of 11.1 percent. At the same time, labour costs rose by 2.0 percent in Austria, compared to an average decline of 1.0 percent among the EU trading partners. Thus manufacturing unit labour costs increased by 13.5 percent in Austria, while EU trading partners saw a rise in unit labour costs of 9.8 percent. In the economy as a whole, unit labour costs rose by 4.8 percent, more than the average of EU trading partners (+2.7 percent) and of all trading partners (+3.4 percent). These numbers must be considered with some caution. Policy measures to fight the crisis and their impact differed between countries. Moreover, countries were differently affected by the global economic crisis. This limits the explanatory power of unit labour costs as an indicator of international competitiveness for 2009.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.wifo.ac.at/wwa/pubid/40506
File Function: Abstract
Download Restriction: Payment required

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by WIFO in its journal WIFO-Monatsberichte.

Volume (Year): 83 (2010)
Issue (Month): 9 (September)
Pages: 753-766

as in new window
Handle: RePEc:wfo:monber:y:2010:i:9:p:753-766

Contact details of provider:
Postal: Arsenal Object 20, A-1030 Wien
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC

Order Information:
Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria
Email:

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2010:i:9:p:753-766. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.