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A Relative Unit Labor Cost: Case of Accession Countries

Author

Listed:
  • Josip Tica

    (Faculty of Economics and Business, University of Zagreb)

  • Ljubo Jurčić

    (Faculty of Economics and Business, University of Zagreb)

Abstract

In this paper, framework of the relative labor cost has been used in order to analyze relative competitiveness of the economic agents in the Croatia and five accession countries. Therefore, unit labor costs have been calculated for the Croatia, Czech Republic, Hungary, Poland, Slovakia and Slovenia. All of the analyzed countries are transition countries, on the similar level of GDP per capita, and are or will be in the near future EU members. Therefore, it is more than obvious that all of the analyzed countries will be direct competitors in the common European markets. Our findings suggest that relative unit costs (competitiveness) of Croatia vis a vis analyzed countries increased since 1996.

Suggested Citation

  • Josip Tica & Ljubo Jurčić, 2006. "A Relative Unit Labor Cost: Case of Accession Countries," EFZG Working Papers Series 0606, Faculty of Economics and Business, University of Zagreb.
    • Handle: RePEc:zag:wpaper:0606
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    File URL: http://web.efzg.hr/RePEc/pdf/Clanak%2006-06.pdf
    File Function: First version, 2006
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    More about this item

    Keywords

    competitiveness; relative unit labor costs; productivity; wages; employment;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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