| The Global Production
Scoreboard – Method & data |
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The Global Production
Scoreboard benchmarks emerging economies on key indicators of supply capacity and competitiveness. |
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Definitions |
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Emerging economies (EME) are
defined as countries with a per-capita income not exceeding USD
20.000 in 2017.
Manufacturing industries are defined
in terms of their output, comprising all of the product categories of Sections 5 – 8 (minus Division 68)
of the Standard International Trade Classification (Rev. 3). |
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Indicators |
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Labour cost [–] |
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This indicator shows total
compensation cost per hour (in USD) for skilled industrial workers
in major urban areas. |
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Skilled industrial workers refer to
employees with vocational training and ca 10 years of experience
with large companies in metal-working industries. They are assumed
to be about 35 years old, married and have two children.
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Total compensation cost per hour is
calculated as the gross annual cost divided by the annual number
of working hours. Gross annual cost includes (a) vacation pay, (b)
supplementary benefits (bonuses, family assistance etc), and (c)
mandatory taxes and social security contributions by the employer. |
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Our choice of indicator values is
based on careful assessments of multiple data sources: (a) a labour cost
study by UBS, using data collected through
local interviews during March – April 2018; (b) selected labour
cost studies, relying mainly on official national statistics; and
(c) our own cost estimates, obtained from a regression analysis of the
UBS dataset on macroeconomic drivers of worker
compensation in the manufacturing sector. |
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For the majority of countries,
for which a reasonable degree of agreement is found to exist across the datasets
(a) – (c), indicator values are based on the UBS labour cost data. For
a handful of remaining countries, indicator values are based on the cost
estimates obtained from our regression model. |
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Skill base [+] |
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R&D capacity [+] |
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Infrastructure [+] |
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Government [+] |
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Local demand potential [+] |
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Foreign market access [+] |
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Export growth [+] |
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Export diversity [+] |
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High and medium-tech exports [+] |
