Productivity, prices, and factor shares in Irish manufacturing industry 1953-70
Item Type:Journal article
Citation:J. Sutton, 'Productivity, prices, and factor shares in Irish manufacturing industry 1953-70', Economic and Social Research Institute, Economic and Social Review, Vol. 6, No. 2, 1975, 1975, pp237-260
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The share of wages and salaries in the net output of manufacturing industry over the period 1953-70 is shown in Fig. 1. The upward trend of the earlier years was reversed after 1957, and the share declined fairly.steadily over the next decade. This decline has been described by Hughes, who suggests, 'thatmost of the industry wage and salary share changed in the same direction as the industrial group wage and salary share', and so 'changes in industry weights do not appear to have been a major cause of the decline . . .'. Moreover, 'cyclical influences . . . were not important determinants of the behaviour of the wage and salary shares of the industrial groups . . .'
Author: Sutton, J.
Publisher:Economic & Social Studies
Type of material:Journal article
Series/Report no:Economic and Social Review
Vol. 6, No. 2, 1975
Availability:Full text available