Unit Labour Cost and Unit Capital Cost Indicators in Slovenia and the Other Euro Area Countries

  • Črt Lenarčič Analysis and research department (ARC), Banka Slovenije, Slovenska cesta 35, 1505 Ljubljana
Keywords: unit capital cost, unit labour cost, competitiveness, nominal wages

Abstract

Prices and costs are often the main points of interest in a typical competitiveness analysis. If studying prices cover the inflation and exchange rate perspectives, studying costs usually covers the relationship between labour costs and labour productivity. Strictly focusing on the labour side within the cost analysis does not offer a complete cost-overview of the production process. In this paper we try to complement the toolbox for assessing competitiveness in Slovenia and the rest of the euro area countries by constructing a unit capital cost index (UKC).

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Published
2019-11-16
How to Cite
Lenarčič, Črt (2019) “Unit Labour Cost and Unit Capital Cost Indicators in Slovenia and the Other Euro Area Countries”, Mednarodno inovativno poslovanje = Journal of Innovative Business and Management, 11(2), pp. 1-14. doi: 10.32015/JIBM/2019-11-2-1.
Section
Original article