2001년 이후 한국의 노동생산성 성장과 인적자본: 교육의 질적 개선 효과를 중심으로 The Role of Human Capital in Explaining Labor Productivity Growth in Korea Since 2001

2020 ◽  
Author(s):  
Hye Mi You
Keyword(s):  
Human Capital ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Labor Productivity Growth

Four worlds of productivity growth: A comparative analysis of human capital investment policy and productivity growth outcomes

2017 ◽  
Vol 39 (4) ◽  
pp. 531-550 ◽  
Author(s):  
Takayuki Sakamoto
Keyword(s):  
Human Capital ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Physical Capital ◽  
European Countries ◽  
Capital Investments ◽  
Growth Strategies ◽  
Labor Productivity Growth

Labor productivity is an important determinant of the wealth of national economies and standards of living, as its growth explains half of per capita GDP growth. I show that there are four worlds of productivity growth among industrialized countries, by decomposing labor productivity growth into multifactor productivity (MFP) growth and capital deepening. The four worlds that emerge from the analysis are: (1) human capital investment- and MFP growth-dominant Nordic countries; (2) physical capital investment- and labor productivity growth-dominant liberal countries; (3) continental European countries whose moderately high human capital investments create decently high MFP growth, but whose low physical capital investments push down their labor productivity; and (4) South European countries with both the lowest human capital investment and lowest productivity growth. The four worlds are a result partly of the countries’ partisan politics, economic growth strategies, and human capital formation policies – different policies add differently to the components of labor productivity.

scholarly journals The Role of Structural Change in the Economic Development of Asian Economies

2016 ◽  
Vol 33 (2) ◽  
pp. 74-93 ◽  
Author(s):  
Neil Foster--McGregor ◽  
Bart Verspagen
Keyword(s):  
Structural Change ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Significant Proportion ◽  
Gdp Per Capita ◽  
Labor Productivity Growth ◽  
Income Levels ◽  
Asian Economies ◽  
Per Capita

In this paper, we combine data on gross domestic product (GDP) per capita and sectoral employment shares to undertake a decomposition of GDP per capita growth for a sample of 43 Asian and non-Asian economies. We decompose income changes into three components: (i) changes in labor productivity within sectors, (ii) employment shifts across sectors (structural change), and (iii) changes in the intensity of employment participation. We then compare the decomposition results for the Asian economies that moved between different income levels of interest with those from a representative typical economy and other comparison economies. The results suggest that in most Asian economies labor productivity growth was the dominant source of gains in GDP per capita, with the observed gains in labor productivity often driven by changing labor productivity within sectors rather than by shifts in employment across sectors. This is not to diminish the role of structural change, which at lower income levels can explain a significant proportion of overall labor productivity growth.

scholarly journals The impact of human capital on labor productivity growth in Vietnam

2019 ◽  
Vol 3 (2) ◽  
pp. 104-110
Author(s):  
Nguyen Thi Dong ◽  
Le Thi Kim Hue
Keyword(s):  
Human Capital ◽  
Human Resources ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Labor Productivity Growth ◽  
Raising Awareness ◽  
Labor Training ◽  
Investment Capital ◽  
The Impact

This paper applies Mankiw model to consider the relationship between human capital and labor productivity in the period of 1996 - 2017. Research results have shown that the contribution of human capital to labor productivity growth is only 14%, while investment capital does not reflect the change in labor productivity. The cause of this result is determined by the inadequacy in the allocation of investment capital and the situation of labor training not based on the trend of restructuring the sectors of the economy, so the quality of human resources not yet promoted and utilized. Therefore, in order for human capital to become one of the important factors to promote labor productivity in the future, Vietnam needs to implement three specific solutions: Firstly, raising awareness of the role of human capital in the process of labor productivity growth; Secondly, education and training should be developed to improve the quality of human capital; Thirdly, focus on developing human resources in the field of science and technology to transform the growth model from width to depth.  

Opportunities for accelerating labor productivity growth: The role of small and medium enterprises

2020 ◽  
pp. 98-114
Author(s):  
Evguenia V. Bessonova ◽  
Alexander G. Morozov ◽  
Natalia A. Turdyeva ◽  
Anna N. Tsvetkova
Keyword(s):  
Labor Productivity ◽  
Productivity Growth ◽  
Small And Medium Enterprises ◽  
Growth Potential ◽  
Business Climate ◽  
Labor Productivity Growth ◽  
Positive Effects ◽  
Low Efficiency ◽  
Medium Enterprises ◽  
Medium Firms

The paper considers necessary conditions for acceleration of labor productivity growth in Russia. Based on micro data, as well as aggregate data, the paper quantifies the contribution of small and medium firms to labor productivity growth. It shows that mere increase of the number of small and medium enterprises is not as important for positive effects of these programs, as qualitative improvements: development of favorable environment for growth, which is largely determined by business climate. Accelerating productivity growth involves redistribution of labor and capital from inefficient to efficient enterprises. In particular, it is necessary to create conditions, which allow a firm to grow after it enters the market instead of stagnating as a small firm with low efficiency. At the same time, it is necessary for ineffective firms, which exhausted their growth potential, to have an opportunity to exit the market easily leaving resources including labor to fast-growing companies.

scholarly journals Intangible Assets and Labor Productivity Growth

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 82
Author(s):  
Carolina Hintzmann ◽  
Josep Lladós-Masllorens ◽  
Raul Ramos
Keyword(s):  
Labor Productivity ◽  
Productivity Growth ◽  
Intangible Assets ◽  
Manufacturing Sector ◽  
Intangible Asset ◽  
Labor Productivity Growth ◽  
Eu Member States ◽  
Different Types ◽  
European Economies ◽  
D Investment

We examine the contribution to labor productivity growth in the manufacturing sector of investment in different intangible asset categories—computerized information, innovative property, and economic competencies—for a set of 18 European countries between 1995 and 2017, as well as whether this contribution varies between different groups of countries. The motivation is to go a step further and identify which single or combination of intangible assets are relevant. The main findings can be summarized as follows. Firstly, all the three different categories of intangible assets contribute to labor productivity growth. In particular, intangible assets related to economic competences together with innovative property assets have been identified as the main drivers; specifically, advertising and marketing, organizational capital, research and development (R&D) investment, and design. Secondly, splitting the sample of European Union (EU) member states into three groups—northern, central and southern Europe—allows for the identification of a significant differentiated behavior between and within groups, in terms of the effects of investment in intangible assets on labor productivity growth. We conclude that measures promoting investment in intangibles at EU level should be accompanied by specific measures focusing on each country’s needs, for the purpose of promoting labor productivity growth. The obtained evidence suggests that the solution for the innovation deficit of some European economies consist not only of raising R&D expenditure, but also exploiting complementarities between different types of assets.

The cultural dividend: a hidden source of economic growth in emerging countries

2017 ◽  
Vol 24 (4) ◽  
pp. 590-616 ◽  
Author(s):  
Shaomin Li ◽  
Seung Ho Park ◽  
David Duden Selover
Keyword(s):  
Economic Growth ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Large Scale ◽  
Cultural Factors ◽  
Content Type ◽  
Economic Productivity ◽  
Large Scale Data ◽  
Productivity Gains

Purpose The purpose of this paper is to develop the theoretical linkage between culture and economic growth and empirically test the relationship by measuring culture and how it affects labor productivity. Design/methodology/approach This study uses a cross-section study of developing countries and regresses economic productivity growth on a set of control variables and cultural factors. Findings It is found that three cultural factors, economic attitudes, political attitudes, and attitudes towards the family, affect economic productivity growth. Originality/value Many economists ignore culture as a factor in economic growth, either because they discount the value of culture or because they have no simple way to quantify culture, resulting in the role of culture being under-researched. The study is the first to extensively examine the role of culture in productivity growth using large-scale data sources. The authors show that culture plays an important role in productivity gains across countries, contributing to the study of the effects of culture on economic development, and that culture can be empirically measured and linked to an activity that directly affects the economic growth – labor productivity.

scholarly journals Managed attenuation of the mining enterprise as a component of the development strategy of the territory

2020 ◽  
Vol 177 ◽  
pp. 05005
Author(s):  
Dmitriy Yadransky ◽  
Elena Chumak ◽  
Rinat Latypov
Keyword(s):  
Development Strategy ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Middle Urals ◽  
Negative Consequences ◽  
Industrial Region ◽  
Labor Productivity Growth ◽  
Balanced Development ◽  
Mining Enterprise ◽  
Logical Modeling

The article critically examines the positive and negative consequences of labor productivity growth at mining enterprises in the conditions of the old industrial region. It is suggested that for enterprises of the middle Urals it is necessary to form a mining production development strategy based on the directions of the regional strategy, which is not always connected with labor productivity growth by increasing mining volumes. The article is aimed at studying the factors affecting the prospects of mining enterprises activity from the standpoint of choosing strategic alternatives to their development. The methods of analysis: logical analysis, structural analysis, logical modeling, literature analysis. Using the logical modeling method, the following hypothesis was verified: that mining enterprises strategic development features in the conditions of an old industrial region should consider the strategy of municipalities in which these enterprises are located. For such mining enterprises, the increase in productivity through increased production is not unequivocally positive. It is concluded that in order to ensure the activities coherence of regions and enterprises, it is necessary to ensure balanced development, which can be achieved through the application of a managed strategy attenuation of the mining enterprise.

scholarly journals Human Capital and Productivity Growth in ASEAN Countries for 2000-2010: A Malmquist Index Analysis

2019 ◽  
Vol 7 (4) ◽  
pp. 1-8
Author(s):  
Fang Zheng ◽  
Youngho Chang
Keyword(s):  
Human Capital ◽  
Productivity Growth ◽  
Malmquist Index ◽  
Productivity Change ◽  
Index Analysis ◽  
Technological Improvement ◽  
Efficiency Losses ◽  
Asean Countries

This study emphasizes a role of human capital in the measurement of productivity growth and highlights the importance of sample selections in analyzing productivity change of ASEAN countries, especially from 2000 to 2010. The productivity growth in ASEAN countries appears to deteriorate, mainly due to efficiency losses in the first half of the decade and the lack of technological improvement in the second half of the decade.

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