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concordance. We apply this descriptive measure by exploring the relationship between wages and labour productivity in Slovenia for … the period 1998–2007. We are able to confirm the hypothesis of high concordance between wages and labour productivity …, which indicates a stimulative role of wages in production of market traded goods and services. …
Persistent link: https://www.econbiz.de/10008674262
We estimate the effect of four types of education qualifications, as a proxy for human capital and skill levels, on GDP per capita, and compute the average percentage returns. We also test the effect of the product of each proxy of human capital with R&D on GDP per capita. We find that only...
Persistent link: https://www.econbiz.de/10005836366
Modern economic theories explain differences in productivity and economic growth across countries by differences in political and economic institutions, and differences in culture, geographical location, policies, and laws. The success of any of these theories in explaining the gap in...
Persistent link: https://www.econbiz.de/10005836473
The recent developments in the theory of industrial organisation have underlined the importance of small scale industry. Small industry can be equally competitive in the fast changing global economy provided it exploits economies of scale and scope while locating itself in clusters along with...
Persistent link: https://www.econbiz.de/10005836781
rule out a solidaristic structure of wages, due to the fact that private services will become priced out of the market. We … effect upon industry wages. Much more important is the pricing power of an industry, which results from the complex …
Persistent link: https://www.econbiz.de/10011259249
The overview analyses the results of the country studies undertaken by the ILO’s Asian Employment Programme with the aim of contributing to the evolution of a policy framework for labour intensive development for ASEAN. These country study results are examined in the context of the...
Persistent link: https://www.econbiz.de/10011259403
This paper provides new empirical evidence on Environmental Kuznets Curves (EKC) for CO2 and air pollutants at sector level. A panel dataset based on the Italian NAMEA (National Accounting Matrix including Environmental Accounts) over 1990-2006 is analysed, focusing on both emissions efficiency...
Persistent link: https://www.econbiz.de/10011260495
The present paper reports an attempt to estimate the role of urbanisation economies in Greek industry. Using a flexible form of production function obtained from a Taylor-series expansion of a polynomial it is estimated that the labour productivity of the manufacturing sector is five per cent...
Persistent link: https://www.econbiz.de/10008924829
Labour productivity is defined as output per unit of labour input. Economists acknowledge that technical progress as well as growth in capital inputs increases labour productivity. However, little attention has been paid to the fact that changes in labour input alone could also impact labour...
Persistent link: https://www.econbiz.de/10009025254
We introduce two new indexes of labour productivity growth. Both indexes are intended to capture the shift in the short-run production frontier, which can be attributed to technological progress or growth in capital inputs. The two indexes adopt distinct approaches to measuring the distance...
Persistent link: https://www.econbiz.de/10009025266