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20 Jahre nach der EU-Erweiterung: Visegrád-Länder haben weiterhin einen Vorteil bei der Kostenwettbewerbsfähigkeit

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  • Schröder Christoph
  • Seele Stefanie

Abstract

Twenty years after the EU accession of the Visegrád countries – Poland, the Czech Republic, Slovakia and Hungary – we analyse their development of unit labour costs and of the labour share in manufacturing for the years 1995 to 2023. Firstly, the labour shares in the Visegrád countries have risen significantly since 2004 and have converged towards the levels of Germany and France. Secondly, a convergence of unit labour costs in manufacturing is detectable, which is not yet complete. Thus, the Visegrád countries still have an advantage in terms of cost competitiveness as rising labour costs have been partly offset by significant productivity gains.

Suggested Citation

  • Schröder Christoph & Seele Stefanie, 2024. "20 Jahre nach der EU-Erweiterung: Visegrád-Länder haben weiterhin einen Vorteil bei der Kostenwettbewerbsfähigkeit," Wirtschaftsdienst, Sciendo, vol. 104(6), pages 372-376.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:6:p:372-376:n:1007
    DOI: 10.2478/wd-2024-0101
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    References listed on IDEAS

    as
    1. Schröder, Christoph & Seele, Stefanie, 2024. "Lohnquoten und Lohnstückkosten in Hochinflationsphasen," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 51(1), pages 19-26.
    2. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72(6), pages 584-584.
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    More about this item

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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