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Table 2 Variables of interest, averages over all years (2005-2012)

From: Do wages reflect labor productivity? The case of Belgian regions

  

Count

Mean

sd

Min

Max

Flanders

Value added

259532

1117.04

10660.60

0

1664001

Wage bill

259532

681.50

5567.46

1

570587

Number of employees

259532

14.69

116.66

1

13353

Labor productivity

259532

81.94

59.56

0

475.29

Average wage

259532

37.75

16.10

0

106.35

Competitiveness

259532

2.39

1.95

0

17

Capital intensity

259532

106.14

309.19

0

27180

Wallonia

Value added

109574

876.74

12927.49

0

2822272

Wage bill

109574

536.85

4430.72

1

595290

Number of employees

109574

12.67

84.65

1

11125

Labor productivity

109574

66.65

49.56

0

475

Average wage

109574

32.47

14.75

0

106.27

Competitiveness

109574

2.29

1.89

0

17

Capital intensity

109574

82.42

244.62

0

13256

Brussels

Value added

48426

2658.26

37493.63

0

2766212

Wage bill

48426

1615.62

21974.47

1

1394097

Number of employees

48426

32.08

471.72

1

34565

Labor productivity

48426

71.52

59.67

0

475.38

Average wage

48426

37.13

19.07

0

106.36

Competitiveness

48426

2.13

1.87

0

17

Capital intensity

48426

84.54

334.78

0

13193

Total

Value added

417532

1232.73

16667.86

0

2822272

Wage bill

417532

751.88

8973.54

1

1394097

Number of employees

417532

16.17

190.22

1

34565

Labor productivity

417532

76.72

57.53

0

475.38

Average wage

417532

36.30

16.30

0

106.36

Competitiveness

417532

2.34

1.93

0

17

 

Capital intensity

417532

97.42

296.94

0

27180

  1. (All variables are expressed in ‘000 EUR, except for number of employees).