Table 4 RULCs and components: index 100 = 1979 and values in 2012
From: Real unit labour costs in Eurozone countries: drivers and clusters
1979 | Values in 2012 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
\({\frac {\Delta RULC_{t}}{RULC_{t-1}}}\) | \({\frac {\Delta w_{t}}{w_{t-1}}}\) | \({{\small (1-\alpha }_{t}{\small)}\frac {\Delta K_{t}}{K_{t-1}}}\) | \({\frac {\Delta A_{t}}{A_{t-1}}}\) | |||||||||||
( I ) | ( II ) | ( III ) | \(\frac {(\textit {I})}{(\textit {III})}\) | \(\frac {(\textit {II})}{(\textit {III})}\) | ||||||||||
Periphery | ||||||||||||||
Greece | 100.0 | 81.8 | 104.7 | 129.5 | 100.2 | 104% | 129% | |||||||
Ireland | 100.0 | 74.7 | 197.2 | 138.6 | 189.6 | 104% | 73% | |||||||
Italy | 100.0 | 85.1 | 122.7 | 125.5 | 116.5 | 105% | 108% | |||||||
Portugal | 100.0 | 80.0 | 169.5 | 154.9 | 137.6 | 123% | 113% | |||||||
Spain | 100.0 | 78.8 | 128.3 | 139.8 | 116.9 | 110% | 120% | |||||||
Average | 100.0 | 80.1 | 144.5 | 137.7 | 132.2 | 109% | 109% | |||||||
Non-periphery | ||||||||||||||
Austria | 100.0 | 87.1 | 152.4 | 129.7 | 133.9 | 114% | 97% | |||||||
Belgium | 100.0 | 95.2 | 148.3 | 118.0 | 129.4 | 115% | 91% | |||||||
Finland | 100.0 | 92.1 | 182.3 | 120.4 | 159.8 | 114% | 75% | |||||||
France | 100.0 | 89.0 | 137.9 | 126.7 | 122.9 | 112% | 103% | |||||||
Netherlands | 100.0 | 87.7 | 136.3 | 115.6 | 132.8 | 103% | 87% | |||||||
Sweden | 100.0 | 83.0 | 153.9 | 123.5 | 149.4 | 103% | 83% | |||||||
Average | 100.0 | 89.4 | 151.7 | 120.8 | 138.9 | 109% | 88% | |||||||