Is There a Trade-Off between Labor Productivity and Capital Accumulation in Italian Energy Sector?

2010 ◽  
Author(s):  
Giuseppe Travaglini
Keyword(s):  
Labor Productivity ◽  
Capital Accumulation ◽  
Energy Sector ◽  
Trade Off

scholarly journals Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3667
Author(s):  
Claudia Diana Sabău-Popa ◽  
Luminița Rus ◽  
Dana Simona Gherai ◽  
Codruța Mare ◽  
Ioan Gheorghe Țara
Keyword(s):  
Labor Productivity ◽  
Cash Flow ◽  
Stock Exchange ◽  
Average Duration ◽  
Significant Negative Correlation ◽  
Cash Flows ◽  
Energy Sector ◽  
Or Management ◽  
Operating Cash Flow ◽  
The Impact

In this paper we analyzed the link between companies’ performance, in terms of cash and income, and the labor productivity or management rates, in case of the companies from the energy sector listed on the Bucharest Stock Exchange. We focused on the energy sector because of the impact that its expansion has on the evolution of economies around the world and because of its dynamics in the sense of gradually shifting to the use of energy from renewable sources. We have used panel regression models to analyze the operating cash flow and the profitability rates and the determination of a causal or dependency relationship with labor productivity or management rates. The results of this study show a significant negative correlation between operating cash flows and the average duration of stock rotation, and no correlation between productivity and the operating cash flow. Instead, the average duration of stock turnover does not at all influence the profitability rates, and productivity is always significant for the return on assets, ie forthe return on equitywith a positive coefficient, as expected. The gap between the average duration of payment of suppliers and the average duration of receivables does not significantly influence neither the cash flow nor the rates of return.

scholarly journals Human Capital in Russian Power Generating Corporations

2020 ◽  
Vol 157 ◽  
pp. 04028
Author(s):  
Dmitri Pletnev ◽  
Maxim Kazadayev ◽  
Victor Barkhatov
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Human Capital ◽  
Labor Productivity ◽  
Electricity Generation ◽  
Energy Sector ◽  
Energy Industry ◽  
Staff Turnover ◽  
New Approaches

The Russian energy industry is on the verge of major changes. The potential of existing technologies has been exhausted, and to ensure economic growth, the development and implementation of new approaches in the field of electricity generation is necessary. The human capital of enterprises is the most important driver of changes in the energy sector. The purpose of the article is to analyze the influence of factors characterizing human capital on the effectiveness of Russian power generating corporations. The study found that the efficiency of power generating corporations is most strongly influenced by the share of managers in the structure of employment and labor productivity. Such indicators as the share of specialists with higher education and staff turnover did not significantly affect the efficiency of power generating corporations.

scholarly journals Labor productivity growth: disentangling technology and capital accumulation

2017 ◽  
Vol 23 (1) ◽  
pp. 111-143 ◽  
Author(s):  
Michele Battisti ◽  
Massimo Del Gatto ◽  
Christopher F. Parmeter
Keyword(s):  
Labor Productivity ◽  
Productivity Growth ◽  
Capital Accumulation ◽  
Labor Productivity Growth

scholarly journals Activation of innovative activity in the manufacturing industry: regional aspect

2020 ◽  
Vol 220 ◽  
pp. 01038
Author(s):  
Vitaly Makoveev ◽  
Evgeny Mazilov ◽  
Irina Akhmetova
Keyword(s):  
Mathematical Model ◽  
Labor Productivity ◽  
Manufacturing Industry ◽  
Energy Sector ◽  
Machine Building ◽  
Economic Factors ◽  
Regional Aspect ◽  
Innovative Products ◽  
Socio Economic Factors

Sustainable long-term development of the energy sector is impossible without a developed manufacturing industry and especially machine-building enterprises. In this regard, the article based on the analysis of the works of domestic and foreign researchers developed and tested a method for assessing the level of development of innovation in the manufacturing industry, taking into account the volume of output, the degree of involvement of enterprises in the sector of innovation and labor productivity in the production of innovative products. An economic and mathematical model is constructed to determine the degree of influence of socio-economic factors on the level of development of innovative activities in the manufacturing industry.

A Classical-Marxian Growth Model of Catching Up and the Cases of China, Japan, and India: 1980–2014

2020 ◽  
Vol 52 (2) ◽  
pp. 312-334
Author(s):  
Adalmir Marquetti ◽  
Luiz Eduardo Ourique ◽  
Henrique Morrone
Keyword(s):  
United States ◽  
At Risk ◽  
Labor Productivity ◽  
Growth Model ◽  
Capital Accumulation ◽  
The United States ◽  
Profit Rate ◽  
Stylized Facts ◽  
Capital Productivity ◽  
Catching Up

This article presents a classical-Marxian model of catching up wherein the leader country employs a technique with higher labor productivity and lower capital productivity than the follower’s technique. The follower’s higher profit rate allows for faster capital accumulation than the leader’s. During the catching up phase, labor productivity rises while capital productivity and profit rate decline in the follower country. In addition, we discuss some stylized facts of catching up in China, Japan, and India in relation to the United States between 1980 and 2014. Catching up occurred when capital accumulation was higher in the followers. However, a high capital accumulation in the follower country can reduce capital productivity and profit rate to a level lower than the leader’s, putting the process at risk.

scholarly journals Growth versus environment in dynamic models of capital accumulation

2002 ◽  
Vol 7 (2) ◽  
pp. 101-109 ◽  
Author(s):  
Toichiro Asada
Keyword(s):  
Differential Game ◽  
Dynamic Optimization ◽  
Capital Accumulation ◽  
Dynamic Models ◽  
Economic Implications ◽  
Trade Off ◽  
Central Planner

In this paper, we study the economic implications of the trade off between growth and environment in the context of dynamic models of capital accumulation. The collective solution is formulated in terms of dynamic optimization of the central planner, and the decentralized solution is formulated in terms of differential game between workers and capitalists. We compare the economic properties of two solutions.

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.

Sign in / Sign up

Export Citation Format

Share Document