Monthly Report No. 03/2020

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Vasily Astrov, Dimitrios Exadaktylos, Richard Grieveson, Beate Muck, Josef Pöschl, Massimo Riccaboni, Armando Rungi and Joris M. Schröder

wiiw Monthly Report No. 3, March 2020
41 pages including 2 Tables and 28 Figures

Current issues accessible exclusively for Members. Free access after an embargo period of six months.

  • Chart of the month: Health expenditures in CESEE countries 
    by Vasily Astrov, Richard Grieveson and Beate Muck
     
  • Opinion Corner: The legacy of the coronavirus will not go away soon
    by Josef Pöschl
     
  • Decoupling of productivity from wages: a phenomenon of the Central European manufacturing core? 
    by Joris M. Schröder
    The question of whether wage growth has been keeping up with productivity growth has sparked a debate about potential ‘decoupling’ in EU-CEE countries. There is strong cross-country variation in the extent of wage-productivity decoupling, and in the underlying reasons for it, but patterns are related to countries’ industry structures.
     
  • The impact of foreign managers on productivity in the United Kingdom
    by Dimitrios Exadaktylos, Massimo Riccaboni and Armando Rungi
    We evaluate the contribution of foreign managers to the competitiveness of manufacturing firms in the United Kingdom. We find that domestic companies benefit from productivity gains after recruiting at least one foreign manager. These productivity gains are typically to be found in a range between 9 and 12 per cent. We argue that limits to the international circulation of talent after Brexit risk damaging the competitiveness of domestic manufacturing companies.
     
  • Monthly and quarterly statistics for Central, East and Southeast Europe

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Keywords: Health expenditures, coronavirus pandemics, economic effects, productivity-wage decoupling, labour share, terms of trade, non-wage components, wage inequality, CE manufacturing core, foreign managers, total factor productivity, technical efficiency

Countries covered: CESEE, United Kindom

Research Areas: Macroeconomic Analysis and Policy, Labour, Migration and Income Distribution, International Trade, Competitiveness and FDI


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