IDEAS home Printed from https://ideas.repec.org/a/wfo/wblltn/y2015i17p190-201.html

Unit Labour Cost Position of Austrian Manufacturing Shows Moderate Deterioration in 2014

Author

Listed:
  • Werner Hölzl
  • Thomas Leoni

Abstract

In combination with a rise in labour costs in 2014, weak growth in Austria led to an increase in unit labour costs for manufacturing. Relative to the weighted average of all trading partners, this resulted in the second deterioration of Austrian unit labour cost position in a row. Seen in the long term, the relative unit labour costs of Austrian manufacturing have shown relatively little variation since 2003, remaining generally constant up to 2008 and since taking a slightly negative course.

Suggested Citation

  • Werner Hölzl & Thomas Leoni, 2015. "Unit Labour Cost Position of Austrian Manufacturing Shows Moderate Deterioration in 2014," WIFO Bulletin, WIFO, vol. 20(17), pages 190-201, November.
    • Handle: RePEc:wfo:wblltn:y:2015:i:17:p:190-201
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/58513
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Werner Hölzl & Thomas Leoni, 2014. "Unit Labour Cost Position for Goods Production Deteriorated Slightly in 2013 Due to Foreign Exchange Rate Development and Economic Stagnation," WIFO Bulletin, WIFO, vol. 19(13), pages 121-131, November.
    2. Marcus Scheiblecker, 2015. "Österreichs Wirtschaft im Rückstand?," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(6), pages 497-510, June.
    3. Carlin, Wendy & Glyn, Andrew & Van Reenen, John, 2001. "Export Market Performance of OECD Countries: An Empirical Examination of the Role of Cost Competitiveness," Economic Journal, Royal Economic Society, vol. 111(468), pages 128-162, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Werner Hölzl & Thomas Leoni, 2015. "Lohnstückkostenposition der Warenherstellung 2014 neuerlich leicht verschlechtert," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(9), pages 707-718, September.
    2. repec:spo:wpmain:info:hdl:2441/941 is not listed on IDEAS
    3. Morgenroth, Edgar & FitzGerald, John & FitzGerald, John, 2006. "Summary and Conclusions," Book Chapters, in: Morgenroth, Edgar (ed.),Ex-Ante Evaluation of the Investment Priorities for the National Development Plan 2007-2013, chapter 24, pages 317-333, Economic and Social Research Institute (ESRI).
      • Baker, Terence J. & FitzGerald, John & Honohan, Patrick & FitzGerald, John & Honohan, Patrick, 1996. "Summary and Conclusions," Book Chapters, in: Baker, Terence J. (ed.),Economic Implications for Ireland of EMU, chapter 12, pages 339-352, Economic and Social Research Institute (ESRI).
    4. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller-Altzinger, 2015. "Mäßiges Wirtschaftswachstum mit hoher Arbeitslosigkeit. Mittelfristige Prognose der österreichischen Wirtschaft bis 2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(10), pages 779-796, October.
    5. Heimberger, Philipp & Kapeller, Jakob & Schütz, Bernhard, 2017. "The NAIRU determinants: What’s structural about unemployment in Europe?," Journal of Policy Modeling, Elsevier, vol. 39(5), pages 883-908.
    6. Benjamin Bittschi & Birgit Meyer, 2025. "Relative Lohnstückkosten 2024 erneut deutlich gestiegen," WIFO Monatsberichte (monthly reports), WIFO, vol. 98(10), pages 551-566, November.
    7. Werner Hölzl & Thomas Leoni, 2018. "Improvement of Austria's International Unit Labour Cost Position in 2017," WIFO Bulletin, WIFO, vol. 23(17), pages 162-173, December.
    8. Lorena Skuflic & Filip Novinc, 2026. "Unit Labour Cost as an Indicator of Competitiveness: Theoretical Perspectives on Reconciling Methodological Challenges," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 79-97.
    9. J. Peter Neary, 2006. "Measuring Competitiveness," The Economic and Social Review, Economic and Social Studies, vol. 37(2), pages 197-213.
    10. Nora Albu & Heike Joebges & Rudolf Zwiener, 2018. "Increasing competitiveness at any price?," IMK Working Paper 192-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    11. Keld Laursen & Valentina Meliciani, 2000. "The importance of technology-based intersectoral linkages for market share dynamics," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(4), pages 702-723, December.
    12. Miguel León-Ledesma, 2005. "Exports, Product Differentiation and Knowledge Spillovers," Open Economies Review, Springer, vol. 16(4), pages 363-379, October.
    13. Jakob B. Madsen, 2004. "Technological Revolutions, Innovations, and Trade Performance," EPRU Working Paper Series 04-12, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    14. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Florian Springholz, 2021. "Understanding economic openness: a review of existing measures," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 157(1), pages 87-120, February.
    15. Yilmaz Kilicaslan & Ilhom Temurov, 2015. "New Lessons from an Old Strategy: Import Substitution, Productivity and Competitiveness," EconWorld Working Papers 15002, WERI-World Economic Research Institute, revised Dec 2015.
    16. Werner Hölzl & Thomas Leoni, 2020. "2019 trotz Anstieges der Lohnstückkosten Verbesserung relativ zu Handelspartnern," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(10), pages 755-768, October.
    17. Yvonne Wolfmayr, 2008. "Producer Services and Competitiveness of Manufacturing Exports," WIFO Studies, WIFO, number 34225.
    18. Karl Aiginger & Marcus Scheiblecker, 2016. "Österreich 2025: Eine Agenda für erhöhte Dynamik, sozialen Ausgleich und ökologische Nachhaltigkeit," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(8), pages 573-591, August.
    19. Keil, Sascha, 2024. "Competing for manufacturing value added: How strong is competitive cost pressure on sectoral level?," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 197-212.
    20. Naastepad, C. W. M. & Kleinknecht, Alfred, 2004. "The Dutch productivity slowdown: the culprit at last?," Structural Change and Economic Dynamics, Elsevier, vol. 15(2), pages 137-163, June.
    21. Eduardo Correia de Souza & Jorge Chami Batista, 2008. "International Knowledge Mobility and Global Innovation," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807152237460, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

    More about this item

    Keywords

    ;
    ;
    ;

    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:wfo:wblltn:y:2015:i:17:p:190-201. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.