Total Labour Requirements and Value Added Productivity of Labour in the Process of Economic Development

2008 ◽  
Vol 20 (3) ◽  
pp. 319-330 ◽  
Author(s):  
Akiko Nakajima
Keyword(s):  
Economic Development ◽  
Value Added ◽  
Total Labour

scholarly journals Determinants of the Declining Share of Agricultural Labour Force to Total Labour Force in Pakistan

1988 ◽  
Vol 27 (4II) ◽  
pp. 561-565 ◽  
Author(s):  
Khalid Hameed Sheikh ◽  
Zafar Iqbal
Keyword(s):  
Economic Development ◽  
Mortality Rate ◽  
Gross Domestic Product ◽  
Population Growth ◽  
Development Process ◽  
Labour Force ◽  
Value Added ◽  
Fundamental Change ◽  
High Productivity ◽  
Total Labour

The agricultural labour force in Pakistan has been increasing rapidly due to population growth as well as a declining mortality rate. However, the share of the agricultural labour force to total labour force has been decreasing. The objective of this paper is to search for the factors responsible for this decline. The period covered is from 1959•60 to 1986-87. The development process is characterised as one which brings about a fundamental change in the structure of an economy. In this process, labour is shifted from low productivity areas, such as agriculture, to high productivity areas, such as the manufacturing, construction and transport sectors. The share of value added of agriculture in Gross Domestic Product (GDP) has declined from 46 percent in 1959- 60 to 25 percent in 1986-87. Hence, the key determinant of declining share of agricultural labour force to total labour force (RA LF) appears to be some measure of economic development.

Economic Structural Transformation in Emerging Market Countries

2021 ◽  
pp. 097491012110046
Author(s):  
Kunling Zhang
Keyword(s):  
Economic Development ◽  
Labor Force ◽  
Structural Transformation ◽  
Service Sector ◽  
Agricultural Sector ◽  
Emerging Market ◽  
Value Added ◽  
Industrial Sector ◽  
Trade Structure ◽  
Emerging Market Countries

This article analyzes the structural transformation in 30 emerging market countries (E30) on the dimensions of industry, trade, and urbanization. It finds that first, in the agricultural sector, E30 have contributed greatly to the increase of the global agricultural productivity and the transfer of labor force from the agricultural sector to industry or the service sector. However, these countries still feature a high percentage of agricultural employment, which means there is vast room for shifting the agricultural labor force. Second, in the industrial sector, E30 have made remarkable contributions to the world’s industrial development but have also displayed a trend of premature “deindustrialization.” Third, the service sector has picked up speed and gradually turned into a new driver of economic development in E30. Against this backdrop, E30 face the major challenge of how to cope with the premature deindustrialization and smoothly shift the economic growth engine from the industrial sector to the service sector. Fourth, E30 have become an important force in the world trade, with their trade structure switching from simple, primary, low-value-added goods to sophisticated, high-grade, and high-value-added goods and services. However, some emerging market countries are more susceptible to the impacts of the anti-globalization trend because of their high reliance on foreign trade and improper trade structure. Therefore, how to diversify the economy and enhance its economic resilience holds the key to the sustainable economic development of E30. Fifth, E30 have contributed greatly to world urbanization. As urbanization relies more on the service sector than on the industrial sector, it is vital to properly strike a balance between industrialization and urbanization, and between industrialization and service sector development.

scholarly journals Regional Disparities in Turkey: A Socio-Economic Perspective

2020 ◽  
Vol 9 (3) ◽  
pp. 103
Author(s):  
Hacer Simay Karaalp-Orhan
Keyword(s):  
Economic Development ◽  
Low Income ◽  
Social Indicators ◽  
Value Added ◽  
Regional Disparities ◽  
Localization Economies ◽  
Urbanization Economies ◽  
Industry Sectors ◽  
Very High ◽  
East West

Economic development, for any country, is one of the most important objectives to be achieved. However, development cannot be realized in all regions and provinces of a county at the same time and speed. Turkey also struggles against a persistent economic development problem among regions in east-west and coast-inland for many years. This study aims to analyze the regional inequalities in Turkey under the scope of economic, demographic and social indicators from 2007 to the latest data. The results indicate that TR-10 Istanbul is the engine region of Turkey in terms of industrialization and development with the highest contribution (31%) based on service and industry sectors, to the gross value added. Other industrialized regions are the Aegean region where localization economies mainly dominated and the East Marmara and TR51-Ankara regions where urbanization economies operated in. Agricultural activities heavily concentrated in Aegean, Antalya, Konya and Şanlıurfa regions. In these regions, participation in the labour market is also very high. However, the highest income inequality and poverty is also found in TR10, TR62 and TR21 regions. The less developed region is the Southeast Anatolian region in terms of low income, education, health and high unemployment, young population and immigration rates. Keywords: Regional disparities, regional development, socio-economic indicators, Turkey

scholarly journals Contribution of Highly Qualified Employees to Regional Economy

2021 ◽  
Vol 17 (3) ◽  
pp. 873-887
Author(s):  
Ilya A. Korshunov ◽  
Natalia N. Shirkova ◽  
Nikolay S. Zavivaev
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Industrial Development ◽  
Value Added ◽  
Transport Sector ◽  
Highly Qualified ◽  
Gross Value Added ◽  
The Russian Federation ◽  
Skill Requirements

Knowledge and skills concentrated in human capital are increasingly important factors of economic development. However, there is a lack of a methodology for determining, which skills are necessary for the efficient industrial development. To this end, we examine skill requirements of regional employers potentially leading to an increase in economic indicators. Skills in demand were compared with predicted indicators based on a se mantic content analysis of vacancy databases in various regions of the Russian Federation. It was revealed that the list of demanded competencies depends not on a geographical aspect but on a specific profession. An analysis of the obtained data demonstrated that the growth in demand for highly qualified employees in the Russian Federation is correlated with an increase in gross value added of relevant industries. A linear correlation between gross value added per employee and the need for skilled specialists was demonstrated on the example of the transport sector. The proposed methodology can be used by educational organisations for targeted training of specialists, as well as by employers and experts for forecasting medium- and long-term socio-economic development of Russian regions.

scholarly journals Industries without Smokestacks

2018 ◽  
pp. 232-253 ◽  
Author(s):  
António S. Cruz ◽  
Fausto J. Mafambissa
Keyword(s):  
International Economic ◽  
Low Income ◽  
Fruits And Vegetables ◽  
Labour Force ◽  
Value Added ◽  
Growth Strategy ◽  
Low Income Countries ◽  
Gross Domestic Product Growth ◽  
Aggregate Growth ◽  
Total Labour

Under the current international economic conditions, where Asian countries are strong competitors in the manufacturing commodities, low-income countries like Mozambique could attempt to compete in industries without smokestacks. Fruits and vegetables, agro-processing goods, and various tradable services are estimated to have contributed 1.9 per cent to annual average gross domestic product growth in 1993–2015, when the aggregate growth was 7.8 per cent. Around 80 per cent of the total labour force is dedicated to primary activities, producing 25 per cent of the aggregated value added in 2013–15. The share of services in total exports was only 17 per cent in 2012–14. Although still relatively small, these industries have potential for growth, if Mozambique follows a diversified growth strategy.

Innovative and investment potential of the economic development of the EAEU

2021 ◽  
pp. 666-678
Author(s):  
Inna Nikolaevna Rykova ◽  
Roman Sergeevich Gubanov
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Rural Areas ◽  
Value Added ◽  
Retail Trade ◽  
Industrial Complex ◽  
Member States ◽  
Cross Border ◽  
Eurasian Economic Union ◽  
Economic Union

The article defines the innovative potential of the member countries of the Eurasian Economic Union (hereinafter — the EAEU, the Union), assesses the structural ratio of trade in agricultural products in the total food consumption of the EAEU. The internal investment potential of the EAEU countries is described. The article considers the mechanism of foreign direct investment as a tool for increasing the gross value added of goods during their cross-border movement in the member countries of the Eurasian Economic Union. The dynamics of retail trade turnover in the EAEU is presented. At the same time, in the global aspect, topical issues of the quality of investments in the agro-industrial complex are touched upon, since their volumes do not meet the needs of financial support. At the same time, the mechanism of accelerating the turnover of investment capital is analyzed through the prism of identifying and assessing the state of poverty in rural areas as a risk factor for the agro — food policy of the EAEU member states. At the same time, it is most important to increase the level of food independence of the EAEU member states, to ensure conditions for the growth of the number of new high — performance jobs. The issues of production and consumption of marketable products in the EAEU member states are studied, taking into account the dynamics of prices and the socio-economic situation in the foreign trade space. Based on the generalization of the experience of integration associations of the world economic system, the article concludes that it is necessary to introduce a comprehensive intellectual system into the value chain of commodity products created in the analyzed states. The authors systematize the priorities of the conceptual development of economic relations in the integration of foreign trade processes in the EAEU until 2030. In the system of assessing the mechanism of cross-border traffic through the EAEU, the authors focus on the issues of optimizing the speed of delivery of goods from the seller to the consumer and the modernization of the road transport and logistics infrastructure of the member states of the Union. Based on the analysis of the logistics efficiency index in foreign countries, the necessary conditions for achieving the key effects of the economic development of the EAEU until 2030 are proposed.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

scholarly journals Renewable Energy Technologies for Economic Development

2020 ◽  
Vol 188 ◽  
pp. 00016 ◽  
Author(s):  
Kamaruddin Abdullah ◽  
Aep Saepul Uyun ◽  
Rahedi Soegeng ◽  
Eri Suherman ◽  
Herry Susanto ◽  
...  
Keyword(s):  
Economic Development ◽  
Renewable Energy ◽  
Interest Rate ◽  
Rural Areas ◽  
Flow Analysis ◽  
Value Added ◽  
Energy Technologies ◽  
The Interest Rate ◽  
Small Industries ◽  
Ground Coffee

Indonesian villages are facing dangerous condition. Every year, young people are deserting the villages. To overcome this problem, Tangsi Jaya hamlet, West Java, has been provided with 18 kW micro-hydro to supply electricity both to the community and to Small Processing Center for ground coffee production. Results of cash flow analysis for ground coffee in Tangsi Jaya hamlet, with total investment of IDR 110 750 000 and discount rate of 18 % for 5 yr. Banyumeneng I hamlet, Yogyakarta with an investment cost IDR 95 000 000 and production cost of IDR 34 195 000 yr–1 and the interest rate of 14 % yr–1, the payback period was estimated to be 3 yr with ROI of 40 %. PEST analysics indicate that the higher electricity tariff and interest rate while the higher the value of technology and number of people involve with the SPC will result in the bigger value of ROI. Renewable energy technology could be used for value added activities in rural areas, create small industries, provide job opportunities to the local people and create conditions for sustainable economic development. However, vigilance is needed because small industries can also cause pollution because they produce waste

scholarly journals The Role of Agricultural Sector Productivity in Economic Growth: The Case of Iran’s Economic Development Plan

2018 ◽  
Vol 10 (1) ◽  
pp. 16 ◽  
Author(s):  
Morteza Tahamipour ◽  
Mina Mahmoudi
Keyword(s):  
Economic Development ◽  
Total Factor Productivity ◽  
Productivity Growth ◽  
Agricultural Sector ◽  
Value Added ◽  
Total Factor Productivity Growth ◽  
Development Plan ◽  
Factor Productivity ◽  
Economic Development Plan

This study provides the theoretical framework and empirical model for productivity growth evaluations in agricultural sector as one of the most important sectors in Iran’s economic development plan. We use the Solow residual model to measure the productivity growth share in the value-added growth of the agricultural sector. Our time series data includes value-added per worker, employment, and capital in this sector. The results show that the average total factor productivity growth rate in the agricultural sector is -0.72% during 1991-2010. Also, during this period, the share of total factor productivity growth in the value-added growth is -19.6%, while it has been forecasted to be 33.8% in the fourth development plan. Considering the effective role of capital in the agricultural low productivity, we suggest applying productivity management plans (especially in regards of capital productivity) to achieve future growth goals.

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