Just How Low are China's Labour Costs?

Ceglowski, Janet; Golub, Stephen S.

doi:10.1111/j.1467-9701.2007.01006.x

Cited by 45 publications

(38 citation statements)

References 17 publications

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“…Both our earlier research (Ceglowski and Golub, 2007) and van Ark et al (2006 found that in 2002 Chinese unit labor costs in manufacturing were low relative to those in a wide range of countries. This paper updates our earlier analysis and focuses on recent developments in China's competitive position.…”

Section: Introductionmentioning

confidence: 90%

Does China Still Have a Labor Cost Advantage?

Ceglowski

Golub

2012

Glob. Econ. J.

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In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China's cost advantage in manufactures. This paper explores the evolution of China's relative unit labor costs in manufacturing over 1998 . Between 1998 China's unit labor costs fell, but since 2003 they have increased both absolutely and relative to US unit labor costs. Much of the rise in China's relative unit labor costs can be traced to a real appreciation of the yuan against the dollar. Despite the recent rise, China's unit labor costs remain low relative to those in most other countries.

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Section: Introductionmentioning

confidence: 90%

Does China Still Have a Labor Cost Advantage?

Ceglowski

Golub

2012

Glob. Econ. J.

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“…Menzler-Hokkanen (1989) elucidated that unit labor cost (ULC) measures the average cost of the labor per unit of output and is calculated as the ratio of the total labor costs to the real output. (Ceglowski and Golub 2007) provided a new perspective on Chinese international competitiveness in manufacturing using relative unit labor costs. Van Ark et al (2010) focused on the comparisons of productivity, (unit) labor cost and industry-level competitiveness for Chinese and Indian manufacturing.…”

Section: National Cost Factorsmentioning

confidence: 99%

“…Result finds that labor productivity and unit labor cost has great influence on manufacturing development. Other researchers' studies have only focus on the impact on manufacturing from a single cost factor, such as Ceglowski and Golub (2011), (Ceglowski and Golub 2007) analyzed labor cost of manufacturing of China, Bhanawat (2010) and Chisik (Chisik et al 2014) analyzed the influence of raw material cost on manufacturing. Although they have studied and analyzed multiple cost factors, the cost factor is not comprehensive and has not analyzed the impact of cost factors on manufacturing from both scale and levels.…”

Section: National Cost Factorsmentioning

confidence: 99%

Effects of Cost Factors on National Manufacturing Based on Global Perspectives

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Currently, the real economy is the important basis for the development of a country, especially after the global financial crisis in 2008. Given that the manufacturing industry is the main part of the national real economy, many developed and developing countries have paid considerable attention to its significance. This study focused on cost factors given that they influence national manufacturing development. Initially, this study proposed two elements, namely, manufacturing development scale and manufacturing development level, to evaluate national manufacturing development from two aspects: quantity and quality. Subsequently, we extracted a series of cost factors on the bass of the theoretical framework and literature, including labor costs, financing costs, tax and rental costs, energy and raw materials, foreign trade exports and business environments. On the basis of the data of 13 main manufacturing countries around the world from 2000 to 2015, we tested the influence degree of each cost element index on the scale and level of national manufacturing industry development through a two-way fixed effects model and incorporated it with the development of China's manufacturing industry as a case study. Finally, we deduced the future development trend of the manufacturing industry by specifically analyzing the cost factors affecting the development of this industry and provided policy suggestions. The main innovation and contribution of this study including: to comprehensively evaluate the national manufacturing development from two aspects, namely, "quantity" and "quality"; to identify the impact of national cost of the six elements; to demonstrate and determine the extent of its impact on the development trend of manufacturing sector and carry out pre-judgment through empirical research on each indicator; to provide policy recommendations targeted for each of the indicators.

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“…Posterior a la publicación de Golub y Hsieh (2000), encontramos al menos otras tres investigaciones empíricas que parten del mismo cuadro conceptual del modelo de David Ricardo, similar metodología y con la misma intención de aplicarlo a casos concretos de países con economías emergentes como China (Ceglowski y Golub, 2007) o países en vías de desarrollo como África del Sur (Edwards y Golub, 2004) y Senegal (Mbaye y Golub, 2003).…”

Section: Referencias Posterioresunclassified

El modelo ricardiano de ventaja comparativa y el comercio contemporáneo: el caso del sector de "equipos de transporte" en la industria manufacturera

Polanco

2012

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Resumen: ¿Tiene el modelo ricardiano de ventaja comparativa alguna relevancia empírica contemporánea para el comercio? Este modelo sugiere que el intercambio comercial es determinado por la productividad laboral relativa y el costo laboral unitario relativo. La idea central de este ensayo es la de someterlo a prueba con datos actuales y analizar hasta qué punto puede explicar con significancia estadística las exportaciones y el comercio bilateral de un caso latinoamericano en un sector específico de la industria de manufactura en tiempos modernos. Los resultados de la estimación con los mínimos cuadrados ordinarios favorecen el modelo para la mayoría de los casos considerados.Palabras claves: Colombia, industria de manufactura, ventaja comparativa, productividad laboral relativa, costo laboral unitario relativo.

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Just How Low are China's Labour Costs?

Cited by 45 publications

References 17 publications

Does China Still Have a Labor Cost Advantage?

Does China Still Have a Labor Cost Advantage?

Effects of Cost Factors on National Manufacturing Based on Global Perspectives

El modelo ricardiano de ventaja comparativa y el comercio contemporáneo: el caso del sector de "equipos de transporte" en la industria manufacturera

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