EFZG working paper series, No. 06, 2006.
Other
A relative unite labor cost: case of accession countries
Josip Tica
orcid.org/0000-0001-7937-1573
; Faculty of Economics and Business, University of Zagreb
Ljubo Jurčić
orcid.org/0000-0003-4181-0459
; Faculty of Economics and Business, University of Zagreb
Abstract
In this paper, framework of the relative labor cost has been used in order to analyze relative
competitiveness of the economic agents in the Croatia and five accession countries. Therefore, unit labor
costs have been calculated for the Croatia, Czech Republic, Hungary, Poland, Slovakia and Slovenia. All of
the analyzed countries are transition countries, on the similar level of GDP per capita, and are or will be in
the near future EU members. Therefore, it is more than obvious that all of the analyzed countries will be
direct competitors in the common European markets. Our findings suggest that relative unit costs
(competitiveness) of Croatia vis a vis analyzed countries increased since 1996.
Keywords
competitiveness; relative unit labor costs; productivity; wages; employment
Hrčak ID:
137215
URI
Publication date:
27.5.2006.
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