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Relative Trade-Weighted Unit Labour Costs by Industry

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  • Karine Lepron
  • Paul Schreyer
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    Abstract

    This document presents three alternative methods for the construction of indicators of relative tradeweighted unit labour costs by industry as well as the empirical results based on these methods for 18 OECD Member countries. With some exceptions, the results show that the indicators derived from the alternative methods are highly correlated. It also turns out that there are significant variations in time profiles of relative unit labour costs by industry, an observation that underlines the usefulness of industryspecific information for an in-depth analysis of price competitiveness ... Coûts unitaires relatifs de la main d'oeuvre pondérés par les échanges, par branche d'industrie Ce document présente trois méthodes possibles pour la construction des indicateurs de coûts unitaires relatifs de la main-d’oeuvre pondérés par les échanges, par branche d’industrie, ainsi que les résultats empiriques basés sur ces méthodes pour 18 pays Membres de l’OCDE. Mises à part quelques exceptions, les résultats montrent que les indicateurs dérivés de ces différentes méthodes sont très corrélés. On note également des variations significatives au cours du temps des coûts unitaires relatifs de la main-d’oeuvre par branche d’industrie, une observation qui souligne l’utilité de cette information au nieveau sectoriel pour une analyse plus poussée de la compétitivité-prix ...

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    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Science, Technology and Industry Working Papers with number 1998/1.

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    Date of creation: 18 Mar 1998
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    Handle: RePEc:oec:stiaaa:1998/1-en

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    Cited by:
    1. Gokhan Yilmaz & Rauf Gonenc, 2008. "How did the Turkish Industry Respond to Increased Competitive Pressures, 1998-2007?," Working Papers 0804, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.

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