IDEAS home Printed from https://ideas.repec.org/a/boh/actaub/v16y2013i1p101-109.html
   My bibliography  Save this article

The Development of Real Unit Labour Costs in the Context of Cyclical Fluctuations in the Economy

Author

Listed:
  • Martina Novotná

    () (University of South Bohemia in České Budějovice)

  • Tomáš Volek

    () (University of South Bohemia in České Budějovice)

Abstract

The main aim of this paper is to analyse the reaction of real unit labour costs and labour productivity in the EU Member States to cyclical fluctuations in the economy of the EU and in the context of different starting positions for each state. The starting position of the states was determined by the value of gross value added per employee. The used dates were gathered over the period 1996 - 2011 (16 years). The analysis shows that the dynamics of labour productivity is strongly positively determined by the cyclical development of the economy of the EU. On the other hand, the dynamics of real unit labour costs is not significantly affected by cyclical fluctuations. The analysis has found that the states with the lowest average gross value added per worker in the base year have less reaction to cyclical fluctuations from the perspective of the dynamics of the monitored indicators.

Suggested Citation

  • Martina Novotná & Tomáš Volek, 2013. "The Development of Real Unit Labour Costs in the Context of Cyclical Fluctuations in the Economy," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 16(1), pages 101-109.
  • Handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:101-109
    as

    Download full text from publisher

    File URL: http://ojs.ef.jcu.cz/acta/article/download/438/430
    Download Restriction: no

    References listed on IDEAS

    as
    1. Ark, Bart van & Stuivenwold, Edwin & Ypma, Gerard, 2005. "Unit labour costs, productivity and international competitiveness," GGDC Research Memorandum 200580, Groningen Growth and Development Centre, University of Groningen.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Real Unit Labour Costs; Labour Productivity; European Union; Gross Value Added;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boh:actaub:v:16:y:2013:i:1:p:101-109. 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: (Tereza Š ástková). General contact details of provider: http://edirc.repec.org/data/efjcucz.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.