Ederer, Stefan; Hölzl, Werner - In: WIFO Monatsberichte (monthly reports) 84 (2011) 9, pp. 605-616
Relative unit labour costs vis-à-vis trading partners are an important indicator of international competitiveness in … competitiveness of a given sector or the economy as a whole, although qualitative competitiveness factors play a decisive role as well. … the manufacturing sector. Unit labour costs are the main determinant for prices and consequently also for the …