Unit Labor Cost In Romania
The paper is meant to lead the way in the field of economic analysis in Romania, trying to evaluate by data the capacity of the Romanian economy to face the competition pressures from the Single European Market. Within the paper, the unit labor cost is approached as an indicator reflecting especially the competitiveness rather than measuring it. The methodological and calculation issues differentiate between the unit labor cost in nominal and real terms, emphasizing the conclusion that exceeding the compensation per employee (including the employer's social contribution) beyond labor productivity, in real terms leads to an increase in the unit labor cost and, finally, to a loss of competitiveness. In addition, the paper includes the forecast of the unit labor cost in Romania, which has been developed for the first time since 2005. Subsequently, the estimates have been updated for each stage of forecasting. In this way, having in view the expected trends for the indicators involved in the estimate, the final conclusion of the paper is to maintain competitiveness and the current account within sustainable limits, despite the disinflation process under way. The finding is all the more eloquent, as the EC autumn forecast underlines this issue.
Volume (Year): 4 (2007)
Issue (Month): 1 (March)
|Contact details of provider:|| Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172|
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page: http://www.ipe.ro/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dobrescu, Emilian, 2001.
"Macromodel estimations for the Romanian "pre-accession economic programme,"
35793, University Library of Munich, Germany.
- Dobrescu, Emilian, 2002. "Macromodel estimations for the Romanian "Preaccesion economic programme"," MPRA Paper 35774, University Library of Munich, Germany.
- Dobrescu, Emilian, 2002. "Macromodel Estimation for the Romanian "Pre-Accession Economic Programme"," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(5), pages 5-38, December.
- Dobrescu, Emilian, 2001. "Macromodel estimations for the Romanian "pre-accession economic programme," MPRA Paper 35793, University Library of Munich, Germany.
- 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)
When requesting a correction, please mention this item's handle: RePEc:rjr:romjef:v:4:y:2007:i:1:p:57-64. 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: (Corina Saman)
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.