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Austria's International Unit Labour Cost Position Heavily Influenced by Economic Crisis in 2009


  • Werner Hölzl


  • Thomas Leoni



In 2009 the economic crisis had a significant impact on the unit labour cost position of Austrian manufacturing. It brought about a decline of per-capita labour productivity, an increase in labour costs and, as a result, a significant increase in unit labour costs. At the same time, the temporary effects of economic policies implemented in response to the economic crisis and the differing extent of the decline in production and employment on an international scale have limited the explanatory power of unit labour costs as a current indicator of international cost competitiveness.

Suggested Citation

  • Werner Hölzl & Thomas Leoni, 2010. "Austria's International Unit Labour Cost Position Heavily Influenced by Economic Crisis in 2009," Austrian Economic Quarterly, WIFO, vol. 15(4), pages 336-348, December.
  • Handle: RePEc:wfo:wquart:y:2010:i:4:p:336-348

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    References listed on IDEAS

    1. Rufin Baghana & Pierre Mohnen, 2009. "Effectiveness of R&D tax incentives in small and large enterprises in Québec," Small Business Economics, Springer, vol. 33(1), pages 91-107, June.
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    4. Michael Peneder, 2008. "The Problem of Private Under-investment in Innovation: A Policy Mind Map," WIFO Working Papers 313, WIFO.
    5. Giebe, Thomas & Grebe, Tim & Wolfstetter, Elmar, 2006. "How to allocate R&D (and other) subsidies: An experimentally tested policy recommendation," Research Policy, Elsevier, vol. 35(9), pages 1261-1272, November.
    6. Debackere, Koenraad & Veugelers, Reinhilde, 2005. "The role of academic technology transfer organizations in improving industry science links," Research Policy, Elsevier, vol. 34(3), pages 321-342, April.
    7. Markus Marterbauer, 2010. "Boom in Asia, Slow Recovery in EU and Austria," WIFO Monatsberichte (monthly reports), WIFO, vol. 83(6), pages 483-493, June.
    8. Markus Marterbauer, 2010. "Boom in Asia, Slow Recovery in the EU and Austria. Business Cycle Report of June 2010," Austrian Economic Quarterly, WIFO, vol. 15(2), pages 155-164, July.
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