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Competitiveness, income distribution, and growth in the Philippines : what does the long-run evidence show?

Felipe, Jesus - 2004

This paper considers unit labor costs (ulcs), i.e., the ratio of the wage rate to labor productivity, as the indicator of competitiveness in the Philippines. It is shown that ulcs have an interpretation from the point of view of the functional distribution of income (i.e., the distribution of...

Persistent link: https://www.econbiz.de/10011279894