A new sectoral unit labour cost indicator based on global value chains

Martyna Marczak and Thomas Beissinger ()

Applied Economics Letters, 2022, vol. 29, issue 13, 1152-1157

Abstract: We propose ‘embodied unit labour costs’ (EULC) at the country-sector level as a new cost-related competitiveness indicator. EULC are more comprehensive than standard unit labour cost measures as they incorporate unit labour costs of all domestic and foreign sectors contributing to the final goods production of a specific sector. The contribution is expressed in value-added terms and takes global supply chains into account. Using the World Input-Output Database (WIOD) the concept is illustrated by evaluating the cost competitiveness of German industries.

Date: 2022
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DOI: 10.1080/13504851.2021.1915461

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