By Asian Productivity Organization
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Additional info for APO Productivity Databook 2011
But the situation is changing. The notorious “China price,” which once undercut all rivals, is starting to rise recently. Before 2005, labor productivity was rising faster than labor costs, leading to falling unit labor costs and making China’s manufacturing competitive. e. into industry or products). These decompositions are valuable in understanding the structure, and in turn the behavior, of an economy. In this chapter we look at countries’ economic composition from the expenditure side. We investigate the decomposition of output growth into input growth and total factor productivity growth (the supply side) in Chapter 5, while countries’ industry structure is presented and analyzed in Chapter 6.
Japan has been running a small trade surplus, which peaked in the mid-1980s. 1 per cent. For China, after teetering around the balanced position for much of the period, a trade surplus has been established since the mid-1990s. 7 per cent in 2008 in the immediate aftermath of the global financial storm. This impact is expected to carry over to 2009 with falling exports from China in the face of weaker foreign demand. 31: If household consumption pattern does correlate with and differ a great deal according to income level, this undermines the concept of a single representative consumption basket which underpins the construction of a consumer price index (CPI) as a measure of the cost of living.
Into industry or products). These decompositions are valuable in understanding the structure, and in turn the behavior, of an economy. In this chapter we look at countries’ economic composition from the expenditure side. We investigate the decomposition of output growth into input growth and total factor productivity growth (the supply side) in Chapter 5, while countries’ industry structure is presented and analyzed in Chapter 6. 1 Composition of Final Demand The Asian regional economy and the two reference economies, the US and EU15, are very different in their economic structures.
APO Productivity Databook 2011 by Asian Productivity Organization
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