A deterministic analysis of change in international unit labor costs: Import implications for US industry

United States industry faces an import threat in the domestic market because foreign exporters achieve lower growth in their unit labor dollar cost. A deterministic analysis of the sources of change over the decade 1974-84 shows that although most foreign trade partners experienced a higher rate of...

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Bibliographic Details
Published in:Managerial and decision economics 1987-12, Vol.8 (4), p.339-342
Main Author: van Loggerenberg, Bazil J.
Format: Article
Language:English
Subjects:
Algebra
American dollar
Capital costs
Compensation
Cost analysis
Determinism
Econometrics
Employee compensation
Foreign exchange rates
Index numbers
International trade
Labor costs
Labor productivity
Manufacturers
Manufacturing
Manycountries
Mathematical functions
Productivity
Series convergence
Statistical data
Studies
Unit labor costs
Citations: Items that this one cites
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Summary:United States industry faces an import threat in the domestic market because foreign exporters achieve lower growth in their unit labor dollar cost. A deterministic analysis of the sources of change over the decade 1974-84 shows that although most foreign trade partners experienced a higher rate of growth in hourly labor compensation than the United States, they discounted this cost disadvantage by achieving more than offsetting cost reductions from growth in labor productivity and in the foreign currency to US dollar exchange rate.
ISSN:0143-6570
1099-1468
DOI:10.1002/mde.4090080411