scholarly journals Cost Competitiveness Comparisons and Convergence in China

2013 ◽  
Vol 223 ◽  
pp. R49-R60 ◽  
Author(s):  
Lili Kang ◽  
Peng Fei
Keyword(s):  
Manufacturing Sector ◽  
Labour Productivity ◽  
Coastal Region ◽  
Unit Labour Cost ◽  
The Past ◽  
Initial Cost ◽  
Labour Costs ◽  
Cost Competitiveness ◽  
Traditional Manufacturing ◽  
Regional Cost

We investigate trends in regional cost competitiveness in China's four regions (Coastal, Northeast, Interior and West) over the past thirty-five years. We find that the Coastal region lost its initial cost competitiveness as its higher relative labour productivity (RLP) was offset by rapidly rising relative nominal labour costs (RNLC) due to rising wages. The Northeastern region still has cost advantages in the traditional Manufacturing sector. The Interior and West regions improved their competitiveness in most industries due to low RNLCs. There is convergence of relative unit labour cost (RULC) in all industries before 1995, but only in Finance after 1995. However there is convergence in RLP in five industries in 1978–95 and 1995–2009, offering prospects for robust growth for China into the future.

scholarly journals Acceleration of Labour Cost Along with Deceleration of Productivity: How the Slovak Manufacturing Lost the Advantage of Low Unit Labour Cost

2021 ◽  
Vol 12 (3) ◽  
pp. 183-196
Author(s):  
Karol Morvay ◽  
Martin Hudcovský
Keyword(s):  
Competitive Advantage ◽  
Productivity Growth ◽  
Manufacturing Sector ◽  
Labour Productivity ◽  
Value Added ◽  
Labour Cost ◽  
Driving Factors ◽  
Strong Increase ◽  
Labour Productivity Growth ◽  
Labour Costs

Abstract The recent development in the Slovak economy erased a significant competitive advantage of manufacturing – low labour cost. The paper analyses the driving factors of rising unit labour costs in the manufacturing sector. The paper aims to explain why the unexpectedly rapid loss of traditional competitive advantage took place in the group of V4 countries and why this phenomenon was particularly pronounced in Slovakia. The paper identifies the driving factors that caused a strong increase in labour costs in addition to factors that also caused a slowdown in productivity growth. The decomposition of ULC dynamics has shown that the primary problem in the case of Slovakia is a very significant slowdown in labour productivity growth. Especially, from a marginal perspective, the components of gross value added developed strongly in favour of increasing compensations of employees. The decrease in the working-age population represented a significant driving force of increasing labour cost (wages) along with a halt in productivity growth caused by relatively low investment rate and absence of convergence in capital-to-labour ratio. Such development was identified in all V4 countries; however, the least favourable trend took place in Slovakia.

scholarly journals Unit Labour Cost and Unit Capital Cost Indicators in Slovenia and the Other Euro Area Countries

2019 ◽  
Vol 11 (2) ◽  
pp. 1-14
Author(s):  
Črt Lenarčič
Keyword(s):  
Euro Area ◽  
Labour Productivity ◽  
Capital Cost ◽  
Unit Labour Cost ◽  
The Other ◽  
Cost Index ◽  
Labour Costs ◽  
Points Of Interest ◽  
The Cost ◽  
The Relationship

Prices and costs are often the main points of interest in a typical competitiveness analysis. If studying prices cover the inflation and exchange rate perspectives, studying costs usually covers the relationship between labour costs and labour productivity. Strictly focusing on the labour side within the cost analysis does not offer a complete cost-overview of the production process. In this paper we try to complement the toolbox for assessing competitiveness in Slovenia and the rest of the euro area countries by constructing a unit capital cost index (UKC).

scholarly journals The Machinability of Steels by Abrasive Water Jet

2019 ◽  
Vol 9 (2S2) ◽  
pp. 367-370
Keyword(s):  
High Speed ◽  
Water Jet ◽  
Abrasive Water Jet ◽  
Machined Surface ◽  
Water Stream ◽  
Process Factor ◽  
The Past ◽  
Kerf Angle ◽  
Traditional Manufacturing ◽  
Feature Pattern

Abrasive Water jet machining (AWJM) is a Non-Traditional manufacturing process, were the material is expelled from the workpiece by effect erosion of pressurized high-speed water stream mixed with high-speed abrasives. There are such a significant number of procedure parameters influence with nature of the machined surface can be done by AWJM. The process variables are, the cross speed, water driven weight, remain off separation, rough stream rate and kind of grating are significant. This measures in AWJM are Surface Roughness (SR, Rate of Material Removal (RMR), Kerf angle, cutting depth. At the past, the survive completed from different kinds of steel was inproved and investigated on AWJM research by identifying with execution estimates checking and procedure control and process factor advancement. In this paper, a study undergoes on AWJM about feature pattern regarding various types of steels.

scholarly journals Sustainable Development of Central Coast Tourism Based on Value Chain Approach

2013 ◽  
Vol 218 ◽  
pp. 133-146
Author(s):  
NGUYÊN NGUYỄN PHÚC ◽  
GIỚI LÊ THẾ
Keyword(s):  
Sustainable Development ◽  
Empirical Study ◽  
Value Chain ◽  
Coastal Region ◽  
Tourism Industry ◽  
Value Chain Analysis ◽  
Sustainable Tourism Development ◽  
The Past ◽  
Chain Analysis ◽  
Central Vietnam

Over the past decade, the tourism industry in Vietnam in general and in Central Vietnam in particular has grown significantly and played a major role in the economy, contributing not only to the national GDP but also to development of other sectors such as transportation, construction and banking, etc. However, this growth has not reached full potentials of the region. Empirical study in ?? N?ng has revealed limitations in the development of tourism in this province and in Central Coastal region as well. By analyzing minutely main causes of limitations based on the value chain analysis, this paper proposes some solutions to sustainable tourism development in the Central Coastal region by developing a single destination and making the best use of creative and supporting resources besides local natural ones.

scholarly journals Prediksi Harga Saham Dalam Berinvestasi Pada Perusahaan Manufaktur

2021 ◽  
Vol 9 (2) ◽  
pp. 101-114
Author(s):  
Fauziyah Fauziyah
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Prediction Method ◽  
Manufacturing Companies ◽  
Upward Trend ◽  
Stock Trading ◽  
The Past

Abstract Indonesia Stock Exchange (IDX) is a term that is well known in the world of stocks in Indonesia. One of the company sectors listed on the IDX is manufacturing. The contribution of the manufacturing sector to Gross Domestic Product (GDP) was recorded to be the largest compared to other sectors. In this research, the manufacturing companies that will be used as the object of research to predict their stock prices are manufacturing companies listed in LQ45. In stock trading, prices fluctuate up or down. Stock conditions that fluctuate every day make investors who are going to invest in the Manufacturing industry must observe and study the past company data before investing. This data is important for investors to find out what might happen to a company's stock price. Thus, predicting stock prices in the manufacturing industry for the future is needed as a stage in deciding which manufacturing companies are good to investing in. The prediction method in this research uses ARIMA. The results obtained are the stock prices of companies GGRM, HMSP, ICBP, INDF, INTP and UNVR following a downward trend, so that the actions taken by investor in these companies are selling stocks, while for the stock prices of companies ASII, CPIN, INKP, JPFA, SMGR, TKIM, following an upward trend, so that the actions taken by investors in these companies are buying stocks.Keywords: Prediction, ARIMA, Investment  BEI merupakan istilah yang terkenal pada dunia saham di Indonesia. Sektor perusahaan yang terdapat di BEI salah satunya adalah manufaktur. Kontribusi sektor manufaktur dalam Produk Domestik Bruto (PDB) tercatat yang paling besar dibandingkan sektor lainnya. Di dalam penelitian ini, perusahaan manufaktur yang akan dijadikan objek penelitian untuk diramalkan harga sahamnya yaitu perusahaan manufaktur yang terdaftar di LQ45.  Pada perdagangan saham, harga mengalami fluktuasi naik maupun turun.  Keadaan saham yang fluktuasi setiap hari menjadikan investor yang akan berinvestasi di industri Manufaktur harus mengamati dan mempelajari data perusahaan dimasa lalu sebelum melakukan investasi. Data tersebut penting bagi investor untuk mengetahui kemungkinan yang terjadi pada harga saham suatu perusahaan. sehingga, meramal harga saham pada industri manufaktur untuk masa yang akan datang sangat dibutuhkan sebagai tahapan dalam memutuskan perusahaan Manufaktur yang baik dalam melakukan investasi. Metode Prediksi dalam penelitian ini menggunakan ARIMA. Hasil yang didapat yaitu harga saham perusahaan GGRM, HMSP, ICBP, INDF, INTP dan UNVR mengikuti tren turun, sehingga langkah yang diambil untuk investor pada perusahaan tersebut adalah menjualnya sedangkan untuk harga saham perusahaan ASII, CPIN, INKP, JPFA, SMGR, TKIM, mengikuti tren naik, sehingga langkah yang diambil untuk investor pada perusahaan tersebut adalah membeli saham.Kata Kunci: Prediksi, ARIMA, Investasi

Is There Population with Tertiary Education in Romania Still Interested in Research?

2015 ◽  
Vol 4 (4) ◽  
pp. 54-66
Author(s):  
Radu Serban Zaharia ◽  
Marian Zaharia ◽  
Alecu Alexandra
Keyword(s):  
Negative Impact ◽  
Tertiary Education ◽  
Government Policies ◽  
Total Employment ◽  
The Past ◽  
Education And Health ◽  
Material Basis ◽  
Labour Costs ◽  
Low Levels ◽  
The Government

In the past 25 years, in Romania, the intensity of R & D activities has declined significantly in most industries. This trend was driven primarily by the lower attention of the government policies of governments after 1990, resulting in particularly low share of research spending in GDP. This had a double negative impact. On one side was affected material basis of research, while on the other side salary levels of researchers along with education and health, remained at very low levels. Based on these considerations the paper examines the evolution of percentage of researchers in total employment in correlation with factors as: the percentage of population with tertiary educational attainment level, the percentage of total intramural R&D expenditure in GDP, the percentage of R&D labour costs in GDP in Romania, compared to Bulgaria, Czech Republic, France, Hungary and Poland. Unfortunately, in what concerns us, the answer is negative.

scholarly journals Issues and options in the production of high value crops in coastal region of Pakistan

2008 ◽  
Vol 32 (3) ◽  
pp. 359-368 ◽  
Author(s):  
Ali Muhammad Khushk ◽  
Muhammad Ibrahim Lashari
Keyword(s):  
Coastal Region ◽  
Primary Data ◽  
Unskilled Worker ◽  
Fish Processing ◽  
Sampling Frame ◽  
Betel Leaf ◽  
Initial Cost ◽  
Input Use ◽  
High Initial Cost ◽  
Poor Management

Primary data from various stakeholders were collected to examine the issues and options in the production of high value crops in coastal region of Pakistan. During 2002, a list of betel leaf and muskmelon growers of Thatta District were developed and out of sampling frame, 160 growers were randomly selected. In the coastal area, growers are engaged in agriculture, fishing, and livestock activities. They keep camel, buffalo, and cattle mainly for milk, which is domestically consumed or sold at village level. The socio-economic conditions of growers living in coastal villages are very poor. Most of the male are unemployed or employed on daily wages. Women are engaged in fish processing industries as unskilled worker and earn a meager income. The analysis of betel leaf and muskmelon was carried out to examine the economic viability of these crops in the coastal region. Analysis shows that these crops have tremendous potential and have no competition in the existing crops in the region. The growers received high net return from betel leaf cultivation and reasonable income from muskmelon cultivation in the coastal region. The major issues for the development of high value crops in the region as identified were high initial cost, poor management operations, low input use, control of insectpests and diseases and lack of knowledge. DOI: http://dx.doi.org/10.3329/bjar.v32i3.537Bangladesh J. Agril. Res. 32(3) : 359-368, September 2007

Informality and structural change: evidences from microenterprises in India's unorganised manufacturing sector

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shromona Ganguly
Keyword(s):  
Structural Change ◽  
Small Firm ◽  
Small Firms ◽  
Structural Changes ◽  
Manufacturing Sector ◽  
Labour Productivity ◽  
Capital Intensity ◽  
World Market ◽  
Productivity Analysis ◽  
Content Type

PurposeThis article analyses the structural change in microenterprises located at India's unorganised manufacturing sector in terms of output mix, choice of technique and productivity during the last few decades.Design/methodology/approachBased on data collected from a quinquennial survey of unorganised firms, this study attempts productivity analysis by using the growth accounting technique.FindingsThe paper finds that there is a significant structural change which has occurred in the small firm sector in Indian manufacturing. The share of capital-intensive industries has increased substantially in recent years. Further, though small firms are more labour intensive, the labour productivity and total productivity of these firms are very low. The falling labour productivity and rising capital intensity indicates replacement of labour with capital in Indian small firm sector.Practical implicationsLow productivity of the sector is a cause for concern and this needs to be addressed by making the sector more competitive in the world market. To achieve this, policies should be designed so that small firms reach the efficient scale of production.Originality/valueThis is the first paper which examines structural changes in the Indian MSME sector. The findings have strong implications for creation of a viable ecosystem of entrepreneurship in the country.

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