Long-Run Trends in Korea's Labor Productivity and Additive Decomposition

2015 ◽  
Vol 29 (3) ◽  
pp. 3-39
Author(s):  
Insong Jang
Keyword(s):  
Labor Productivity ◽  
Additive Decomposition ◽  
Long Run

scholarly journals On the studies of the regular character, factors, effects and perspectives of the working time dynamics in modern economy

POPULATION ◽  
2020 ◽  
Vol 23 (3) ◽  
pp. 155-168
Author(s):  
Aleksandr V. Zolotov
Keyword(s):  
Labor Productivity ◽  
Trade Unions ◽  
Substitution Effect ◽  
Working Time ◽  
Factors Affecting ◽  
Time Dynamics ◽  
Long Run ◽  
Labor Legislation ◽  
The Usa ◽  
Time Reduction

The article examines a significant array of the scientific works devoted to different aspects of the working time dynamics. The conclusion is made that the main measure of this dynamics is the average number of hours worked per worker. This indicator can be used for analysis of all periods of labor activity including seniority. It is stated that the research on the problem shows a long-run trend of working time reduction. The works devoted to the topic also consider other factors affecting length of work: increase of labor productivity, influence of income effect and substitution effect on individual labor supply, motivation of employers, role of trade unions and collective bargaining, labor legislation. There are presented approaches to explanation of differences in the dynamics of working time in the USA and in West Europe. It is taken into account that the working time reduction during the past decades is characterized as one of the preconditions of pension reforms. There are considered works that contain analysis of the effects caused by the changes in working time length, including their impact on workers' health, work-life balance, gender inequality, unemployment rate, labor productivity, environment, perception the life as happy. The article shows a significant interest of researchers to perspectives of the working time dynamics in the context of analysis of J. M. Keynes's prediction about switch to 3-hour shifts by 2030. It is stated that the problem of perspectives of the working time dynamics is becoming one of the key issues in discussing the concept of Universal Basic Income. The article notes the attention of researchers to experiments on the working day reduction to 6 hours.

scholarly journals THE NEXUS AMONG EMPLOYMENT, PRODUCTIVITY AND TRADE OPENNESS: EVIDENCE FROM BRICS AND INDONESIA

2020 ◽  
Vol 23 (4) ◽  
pp. 463-484
Author(s):  
Badri Narayan Rath ◽  
Masagus M. Ridhwan
Keyword(s):  
South Africa ◽  
Labor Productivity ◽  
Agricultural Sector ◽  
Trade Openness ◽  
Annual Data ◽  
Policy Perspective ◽  
Long Run ◽  
Employment Generation

This paper investigates the nexus among employment, labor productivity and trade openness in Brazil, Russia, India, China, South Africa (BRICS), and Indonesia using annual data (1991–2018). The results suggest a long-run relationship among the variables but only in the agricultural sector of these economies. We also find a unidirectional causality running from employment to productivity in only the agricultural sector. Similarly, trade openness also Granger causes employment. Our final result indicates that trade openness positively influences labor productivity in the long-run. From a policy perspective, it is imperative for BRICS and Indonesia to target employment generation by promoting trade openness.

OPTIMIZATION OF TIME-MANAGEMENT WITH THE ORGANIZATION OF LABOR STAFF AT HUNGARIAN ENTERPRISES

2017 ◽  
Vol 6 (3) ◽  
pp. 66-69
Author(s):  
Караксони ◽  
Peter Karaksoni ◽  
Виниченко ◽  
M. Vinichenko
Keyword(s):  
Labor Productivity ◽  
Time Management ◽  
Work Organization ◽  
Working Time ◽  
Goods And Services ◽  
Long Run ◽  
The Face ◽  
Multi Level ◽  
Working Day ◽  
Effective Use

The article reveals the problematic issues of effective use of working time. In the face of increased competition, companies of different levels and areas of activity, due to insufficiently skilled work organization, lose their working time, which adversely affects labor productivity, the total volume of production of goods and services. In a crisis, this leads to a reduction in production and jobs. Time optimization will allow increasing individual labor productivity, which in the long run will contribute to increasing the company‘s competitiveness. Small and medium-sized businesses do not have great development opportunities, so they should focus on the effective use of all available resources, especially time. In the interest of optimizing time management in the organization of staff work, research was conducted in ten Hungarian small and medium-sized enterprises. During the research, methods of information collection were used: methods of photographing (recording) the working day of Felleg, Susanski, as well as content analysis and analysis of the data. As a result of the research, it was revealed that only 59 percent of the time in the course of a working day is used to perform basic labor functions. At the same time, direct losses of time were 10 percent, indirect 6 percent. As ways to solve the problem, it is suggested to reduce the time losses by 13-15 percent due to the introduction of multi-level time management. It is advisable to solve this problem with a personnel reserve.

scholarly journals The Sources of Long-Run Growth in Spain, 1850-2000

2009 ◽  
Vol 69 (4) ◽  
pp. 1063-1091 ◽  
Author(s):  
Leandro Prados de la Escosura ◽  
Joan R. Rosés
Keyword(s):  
Growth Factor ◽  
Total Factor Productivity ◽  
Labor Productivity ◽  
Capital Accumulation ◽  
Real Output ◽  
Factor Productivity ◽  
Long Run ◽  
The Impact ◽  
First Time

Between 1850 and 2000 Spain's real output and labor productivity grew at average rates of 2.5 and 2.1 percent. The sources of this long-run growth are investigated here for the first time. Broad capital accumulation and efficiency gains appear as complementary in Spain's long-term growth. Factor accumulation dominated long-run growth up to 1950, while total factor productivity (TFP) led thereafter and, especially, during periods of growth acceleration. The main spurts in TFP and capital coincide with the impact of the railroads (1850s-1880), the electrification (the 1920s and 1950s), and to the adoption of new vintage technology during the Golden Age.

scholarly journals A cross-sectoral analysis of the relation between labor productivity and labor compensation in the European Union

2021 ◽  
Vol 62 ◽  
pp. 54-65
Author(s):  
A.D. Fofack ◽  
◽  
S.D. Temkeng ◽  
Keyword(s):  
European Union ◽  
Labor Productivity ◽  
Fixed Effects ◽  
The European Union ◽  
Labor Compensation ◽  
Pooled Mean Group ◽  
Long Run ◽  
Short Run ◽  
The Mean ◽  
Productivity Gains

The aim of this paper is to assess and compare the link between labor productivity and compensation in four industries — air transport, electronics, finance, and telecommunications — of twenty‐five member states of the European Union (EU) from 2000 to 2014. The long‐run and short‐run dynamics of productivity and compensation are analyzed using the pooled mean group (PMG), the mean group (MG) and the dynamic fixed effects (DFE) estimators. The results confirm the existence of a gap between productivity and compensation in each of those industries as mentioned in previous studies. However, the results show that despite that gap, the link between the two variables is not broken. That is, productivity and compensation are not only linked in the long run, but they also return to their long‐run equilibrium after every short‐run disturbance. The econometric analysis also reveals that the relation between productivity and compensation does not follow a significantly different pattern from one industry to the other. These findings robust to alternative models, estimation techniques and across industries, suggest that there are some other cross‐sectoral factors preventing productivity gains to be fully reflected on paychecks.

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