Decomposition and Dynamics of Unit Labor Costs in a Context of International Fragmentation of Production: Evidence from the German Automotive Sector

IF 1 4区经济学 Q3 ECONOMICS

Review of Radical Political Economics Pub Date : 2024-08-12 DOI:10.1177/04866134241258292

Manuel Gracia Santos, Miguel Montanyá, María J. Paz

引用次数: 0

Abstract

Conventional analysis has sought to explain the determinants of price competitiveness by way of national factors, but given the current degree of international fragmentation of production, a more holistic perspective needs to be explored. This document develops a specific proposal that permits the indicator on vertically integrated unit labor costs (VIULCs) to be broken down into its fundamental components; also, the evolution of this indicator is explored for the German automotive sector, to determine which component might best elucidate the evolution of the VIULCs. The results show a decrease in VIULCs deriving from the German sector as well as from its suppliers, confirming the relevant effects of outsourcing and offshoring strategies. Moreover, wage restraint among suppliers coupled with productivity gains are found to explain the overall reduction in VIULCs.JEL classification: P16, F15, F23,

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国际生产分散背景下单位劳动力成本的分解与动态：来自德国汽车行业的证据

传统分析试图通过国家因素来解释价格竞争力的决定因素，但考虑到当前国际生产的分散程度，需要探索一个更全面的视角。本文提出了一项具体建议，允许将垂直整合单位劳动力成本（VIULCs）指标分解为其基本组成部分；此外，还探讨了德国汽车行业这一指标的演变情况，以确定哪一部分最能说明垂直整合单位劳动力成本的演变。结果表明，德国汽车行业及其供应商的 VIULCs 均有所下降，这证实了外包和离岸外包战略的相关影响。此外，供应商的工资限制和生产率的提高也是 VIULCs 整体下降的原因：P16、F15、F23、

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Radical Political Economics ECONOMICS-

CiteScore

2.50

自引率

7.70%

发文量

期刊介绍： The Review of Radical Political Economics (RRPE) promotes critical inquiry into all areas of economic, social, and political reality. As the journal of the Union for Radical Political Economics, RRPE publishes innovative research in political economy broadly defined including, but not confined to, Marxian economies, post-Keynesian economics, Sraffian economics, feminist economics, and radical institutional economics. We are actively seeking submissions concerned with policy, history of thought, and economics and the environment. RRPE reflects an interdisciplinary approach to the study, development, and application of radical political economic analysis to social problems.