Unit labor costs reflect compensation levels and productivity gains in productivity can offset the effect of wage growth.

Most ICT related productivity gains could be achieved in these areas.

That encouraged investment spending, which in turn drove productivity gains and output growth.

Suddenly, economists (especially in the United States) began to measure substantial productivity gains.

98. Emphasizes that management restructuring should produce clearly defined gains in productivity and or economies

Decreasing regulation and productivity gains appear to be directly linked in the modern retail sector.

Removing regulatory barriers across markets could thus be expected to result in considerable productivity gains.

So is higher productivity the way out? Even assuming that governments could identify and implement structural reforms that yielded quick productivity gains, it is not clear that higher productivity leads to increased competitiveness.

Deep service sector reforms would thus be necessary to generate meaningful productivity gains in the German economy.

The streamlining of regulations, including mutual recognition of inspections and certifications, could lead to important productivity gains.

The Advisory Committee was informed that considerable productivity gains had been achieved in the past three years.

While the agricultural sector has shown some productivity gains since 2000, high logistics costs have constrained its impact.

Delays due to inspections, particularly for perishable goods, can hamper productivity gains, ultimately leading to consumer welfare losses.

A decade of wage growth exceeding productivity gains led to real appreciation, loss of competitiveness, and large current account deficits.

Global competition has whipped many of the region s industries into shape and fostered significant productivity gains in advanced sectors, but these gains have remained limited to a narrow segment of the economy.

Such efficiency gains from increasing the extent of the market and promoting specialization should have produced rapid growth in Mexican productivity.

The easing of regulations has produced a number of benefits, including productivity gains, consumer benefits and smoother introduction of new technologies.

The euro gave these countries access to cheap credit, which was used to finance wage increases that were not underpinned by productivity gains.

The idea that tax cuts would lead to productivity gains and would pay for themselves (and fix the budget) has proved entirely illusory.

Will the loss of revenue due to tariff reductions be duly compensated for by productivity and employment gains in a liberalized trading environment?

US productivity has been growing at a respectable pace for two decades. The problem is that productivity gains have not translated into commensurate wage increases for the typical worker or income growth for the typical family.

The official response to this is that no country should be forced to increase wages, and that everybody gains if structural reforms increase productivity.

No one can determine how much of America s productivity gains in recent years have resulted from squeezing human capital, because such things are not measured.

But, as the marginal productivity gains from such investment began to fall, senior managers survival and compensation continued to be tied to stock market performance.

The developing world is not doing much better. As the International Labor Organization s latest Global Wage Report shows, wage gains are lagging far behind productivity growth.

In the aftermath of the international financial crisis of 1997 1998, many emerging markets found themselves through currency depreciation, rapid productivity gains, or both highly competitive.

The main reason for this is that the lion s share of the productivity gains achieved over the last 30 years has been seized by the well off.

Today, capital in the developed world is abundant the saving ratio declines as people consume more and production shifts increasingly to services, where productivity gains are limited.

But gains in measured productivity growth from this source are not permanent changes, so a large part of the reported reductions in unit labor costs are temporary.

The real problem with a generous wage settlement with public sector unions is that private sector unions could use it to get more than their productivity gains warrant.

In a monetary union, discrepancies in wage growth relative to productivity gains that is, unit labor costs will result in a chronic accumulation of trade surpluses or deficits.

History suggests that the global technology boom has yet to play itself out, with US productivity gains likely to radiate out across the world, raising growth rates everywhere.

The long term success of the economy, and its capacity to build wealth and jobs, depends on productivity gains, which in turn depend on technical and organizational innovation.

Outsourcing some operations also allows significant productivity gains ranging from 15 to 25 per cent, access to additional skills, and improvements in the quality of the services provided.

Requests the Unit to include in future annual reports more information on the impact of full implementation of recommendations, including any cost savings, productivity and efficiency gains achieved

Consider, for example, Latin America s growth model of the last two decades. Global competition has whipped many of the region s industries into shape and fostered significant productivity gains in advanced sectors, but these gains have remained limited to a narrow segment of the economy.

In each country, a number of prices are rigid, because sellers resist selling cheaper, as low productivity gains and wage defense by unions leave no margin for lower prices.

Then a decade of nominal wage growth that out paced productivity gains led to a rise in unit labor costs, real exchange rate appreciation, and large current account deficits.

Evidence exists that stability of employment (tenure) is positively related to productivity gains it can increase the gains of learning by doing, as well as increase the incentives for firms to invest in training.8 Thus, a balance needs to be struck between flexibility and stability.

But China has attained much higher GDP growth than the OECD economies, driven largely by the rapid productivity gains that characterize the initial catch up phase of emerging market development.

After all, the loss of competitiveness that led to large external deficits remains largely unaddressed, while adverse demographic trends, weak productivity gains, and slow implementation of structural reforms depress potential growth.

Rapidly expanding global trade, combined with an ever freer and faster exchange of people and ideas, has been a cornerstone of this growth, particularly of the strong productivity gains that underlie it.

The euro gave these countries access to cheap credit, which was used to finance wage increases that were not underpinned by productivity gains. This led to a price explosion and massive external deficits.

The meeting had identified ways in which ICT could boost economic growth in developing countries through improvements in innovation and product development processes, efficiency and productivity gains in enterprises, and expanded market reach.

Improving carbon productivity requires improving land productivity.