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Unit Labour Costs in the New EU Member States

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  • Peter Havlik

Abstract

Unit labour costs (ULCs) are one of the key economic variables considered in the context of globalization, competitiveness and production-location decisions. With the EU accession of eight Central and East European countries and their (almost) full inclusion in the European Single Market, the issues related to the labour cost competitiveness of these countries has become even more important. The present paper outlines the key methodological and practical problems associated with the evaluation of ULCs with a particular focus on the new EU member states (NMS). It provides also new and up-to-date internationally comparable ULC estimates for NMS at both the aggregate level (for the whole GDP) and in the manufacturing industry, as well as for its individual branches. A detailed statistical appendix contains indicators of macro-competitiveness for each NMS as well as data on productivity, labour costs and ULC estimates in the manufacturing industry.

Suggested Citation

  • Peter Havlik, 2005. "Unit Labour Costs in the New EU Member States," wiiw Statistical Reports 1, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:spaper:statr:1
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    File URL: https://wiiw.ac.at/unit-labour-costs-in-the-new-eu-member-states-dlp-508.pdf
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    Citations

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    Cited by:

    1. Uddin, Moshfique & Chowdhury, Anup & Zafar, Sheeba & Shafique, Sujana & Liu, Jia, 2019. "Institutional determinants of inward FDI: Evidence from Pakistan," International Business Review, Elsevier, vol. 28(2), pages 344-358.
    2. Anselm Komla Abots, 2015. "Foreign Ownership of Firms and Corruption in Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 5(3), pages 647-655.
    3. N. N., 2007. "Österreichs Außenwirtschaft 2007," WIFO Studies, WIFO, number 31060, February.
    4. Peter Havlik & Sebastian Leitner & Robert Stehrer, 2012. "Growth Resurgence, Productivity Catching-up and Labour Demand in Central and Eastern European Countries," Chapters, in: Matilde Mas & Robert Stehrer (ed.), Industrial Productivity in Europe, chapter 8, Edward Elgar Publishing.
    5. Gabor Hunya, 2008. "Austrian FDI by main Countries and Industries," FIW Research Reports series I-015, FIW.
    6. Okello,,Jimmy Apaa & Canagarajah,Roy S. & Brownbridge,Martin, 2021. "Have Remittances Affected Real Unit Labor Costs in the Transition Economies of Eastern Europe, the South Caucasus, and Central Asia ?," Policy Research Working Paper Series 9513, The World Bank.
    7. Bellak, Christian & Leibrecht, Markus & Riedl, Aleksandra, 2008. "Labour costs and FDI flows into Central and Eastern European Countries: A survey of the literature and empirical evidence," Structural Change and Economic Dynamics, Elsevier, vol. 19(1), pages 17-37, March.
    8. Peter Havlik & Sebastian Leitner & Robert Stehrer, 2008. "Growth Resurgence, Productivity Catching-up and Labour Demand in CEECs," wiiw Statistical Reports 3, The Vienna Institute for International Economic Studies, wiiw.

    More about this item

    Keywords

    competitiveness; labour costs; productivity; manufacturing; EU enlargement;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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