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Dilemma In Value Added Development Of Slovak Manufacturing

Martin Hudcovsky and Karol Morvay
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Martin Hudcovsky: University of Economics in Bratislava, Slovakia
Karol Morvay: University of Economics in Bratislava, Slovakia

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Abstract: The paper deals with the often-problematic interpretation of value-added indicators development and its impact on understanding the role of value added in the economy. The one-sided view on value added composition can lead to undermining or overstating the importance of value-added development. Paper aims to demonstrate the unequal distribution of the value added across industries in Slovakia and to provide proper conclusions of such performance indicators based on the international comparison in V4 countries in the manufacturing sector. Therefore, it tries to help improve the understanding of value-added based indicators with highlighted pitfalls of its interpretation. The combined view of both perspectives is necessary to fully understand the value-added indicators.

Keywords: Value added; Labour productivity; Manufacturing; Slovakia (search for similar items in EconPapers)
Date: 2019
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