Konvergence mzdových nákladů
This diploma thesis focuses on labor cost convergence. We interpret convergence within the framework of Samuelson's (1948) Factor Price Equalization Theorem, in which free trade equalizes factors' reward. Further, we consider the role of multinational enterprises as they serve as mediators...
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ndltd-nusl.cz-oai-invenio.nusl.cz-4549262021-12-27T05:24:39Z Konvergence mzdových nákladů Labor Costs in Industrialized Countries Is There a Convergence? Kopecký, Martin Erbenová, Michaela Cahlík, Tomáš This diploma thesis focuses on labor cost convergence. We interpret convergence within the framework of Samuelson's (1948) Factor Price Equalization Theorem, in which free trade equalizes factors' reward. Further, we consider the role of multinational enterprises as they serve as mediators of factor price convergence by transferring factor endowment and by affecting productivity and wages in the host country. Finally, we empirically test convergence hypothesis by applying unit root tests for a group of 21 industrialized countries for 1961-2006. We have found that labor costs convergence is surprisingly well supported by the data both for individual countries and for panel data. Similarly, we estimate that counties in Central and Eastern Europe have 10 (CR, Hun) to 15 years (SK, Pol) to move from low-wage, low cost based competitiveness to quality-based competitiveness. 2007 info:eu-repo/semantics/masterThesis http://www.nusl.cz/ntk/nusl-454926 eng info:eu-repo/semantics/restrictedAccess |
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English |
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Dissertation |
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description |
This diploma thesis focuses on labor cost convergence. We interpret convergence within the framework of Samuelson's (1948) Factor Price Equalization Theorem, in which free trade equalizes factors' reward. Further, we consider the role of multinational enterprises as they serve as mediators of factor price convergence by transferring factor endowment and by affecting productivity and wages in the host country. Finally, we empirically test convergence hypothesis by applying unit root tests for a group of 21 industrialized countries for 1961-2006. We have found that labor costs convergence is surprisingly well supported by the data both for individual countries and for panel data. Similarly, we estimate that counties in Central and Eastern Europe have 10 (CR, Hun) to 15 years (SK, Pol) to move from low-wage, low cost based competitiveness to quality-based competitiveness. |
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Erbenová, Michaela |
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Erbenová, Michaela Kopecký, Martin |
author |
Kopecký, Martin |
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Kopecký, Martin Konvergence mzdových nákladů |
author_sort |
Kopecký, Martin |
title |
Konvergence mzdových nákladů |
title_short |
Konvergence mzdových nákladů |
title_full |
Konvergence mzdových nákladů |
title_fullStr |
Konvergence mzdových nákladů |
title_full_unstemmed |
Konvergence mzdových nákladů |
title_sort |
konvergence mzdových nákladů |
publishDate |
2007 |
url |
http://www.nusl.cz/ntk/nusl-454926 |
work_keys_str_mv |
AT kopeckymartin konvergencemzdovychnakladu AT kopeckymartin laborcostsinindustrializedcountriesisthereaconvergence |
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1723965712516513792 |