Composite indicators of labour market regulations in a comparative perspective

Table 7 Global Competitiveness Report labour market indicators and changes over time (2001–2004)

Report year	2001–2002	2002–2003	2003–2004
Number of countries	75	80	102
LM indicators	1. Technological innovation and diffusion • (3.12) Brain Drain 2. Public institutions • (4.13) Minimum Wage Enforcement 3. Company operations and strategy • (10.15) Reliance on Professional Management • (10.19) Hiring and Firing practices • (10.21) Cooperation in labour-employer relations • (10.23) Pay and Productivity	1. Technological innovation and diffusion • (3.12) Brain Drain 2. Company operations and strategy • (10.15) Reliance on Professional Management • (10.18) Hiring and Firing practices • (10.19) Flexibility of Wage Determination • (10.20) Cooperation in labour-employer relations • (10.21) Pay and Productivity	1. Human resources: education, health and labour • (4.09) Brain Drain 2. Company operations and strategy • (10.15) Reliance on Professional Management • (10.18) Hiring and Firing practices • (10.19) Flexibility of Wage Determination • (10.20) Cooperation in labour-employer relations • (10.21) Pay and Productivity

Prior to 2004–2005, the Global Competitiveness Report did not calculate the composite Labor Market Efficiency Indicator/Pillar. Instead, labour market indicators were reported individually under various sections, as presented here
Numbers in brackets next to components’ names reflect the structure of the GCI index and match the numbering of the GCI data tables. The number preceding the period indicates to which pillar the variable belongs
Source: adopted from Schwab and Porter, various issues