scholarly journals Correlation of Labor Productivity and GDP with the Unemployment Rate: Reflections, Formulas and Calculations

Author(s):  
E.F. Vinokurov

The paper describes an attempt to quantify the dependence of labor productivity in the national economy on the level of unemployment. The existence of a positive relationship between these indicators follows from general theoretical considerations. We considered the hypothesis that labor productivity is a power function of the capital ratio, adjusted for a multiplier, the value of which is determined by the level of unemployment and reflects the associated changes in the efficiency of capital use. Parameters of the corresponding regression equation built on the basis of the official Russian statistics for 1996-2018 years were determined. Based on the calculations, an approximate estimate of the impact of changes in labor productivity depending on fluctuations in the unemployment rate is given. In addition, we propose a modification of the Cobb-Douglas production function that follows from the considered labor efficiency model, which is also used for calculations.

2020 ◽  
Vol 159 ◽  
pp. 06007
Author(s):  
Dinara Rakhmatullayeva ◽  
Iliyas Kuliyev ◽  
Zhaksylyk Beisenbaiyev ◽  
Talgat Tabeyev

The article examines the impact of FDI inflows on the economic growth of the host country, using the Kazakhstan economy as an example. The authors attempted to assess the impact of FDI using a multiple regression model. As a measure of economic growth, Kazakhstan’s GDP data for the period 2000-2017 was used. The simulation results didn’t reveal the negative impact of FDI on economic growth, but the analysis revealed that the presence of a positive relationship is not essential for assessing the growth of the national economy.


2018 ◽  
Vol 3 (2) ◽  
pp. 94
Author(s):  
Lyta Lestary ◽  
Harmon Harmon

Salah satu aset terpenting yang dimiliki oleh suatu perusahaan adalah sumber daya manusia karena memiliki pengaruh dalam keberlangsungan hidup perusahaan. Karyawan dalam suatu perusahaan perlu diberikan tempat kerja yang nyaman agar menghasilkan kinerja optimal. Lingkungan kerja merupakan suatu hal yang penting untuk diperhatikan oleh perusahaan dan merupakan salah satu faktor menentukan kinerja karyawan. Tujuan penelitian ini mengetahui bagaimana lingkungan kerja, kinerja karyawan dan pengaruh lingkungan kerja terhadap kinerja karyawan di Divisi Detail Part Manufacturing Direktorat Produksi PT Dirgantara Indonesia (Persero). Penelitian ini dilakukan dengan menyebarkan kuesioner kepada 116 karyawan di Divisi Detail Part Manufacturing Direktorat Produksi PT Dirgantara Indonesia (Persero). Berdasarkan penelitian yang telah dilakukan, diperoleh persamaan regresi Y=40.404+0,438X. Hasil penelitian menyatakan lingkungan kerja dan kinerja karyawan yang ada di Divisi Detail Part Manufactur Direktorat Produksi PT Dirgantara Indonesia (Persero) memiliki hubungan positif yang sedang (moderate) dengan nilai sebesar 0,438 dan lingkungan kerja berpengaruh terhadap kinerja karyawan . One of the most important assets owned by a company is human resources because it has an influence on the survival of the company. Employees in a company should be provided with a comfortable working environment to produce optimal performance. The work environment is an important thing to be considered by every company and is one of the factors that determine employee performance. The purposes of this research are to know how is the work environment, employee performance and how much is the impact of the work environment on employee performance. This research was conducted by distributing questionnaires to 116 employees at the Division of Part Detail Manufacturing Production Directorate of PT Dirgantara Indonesia (Persero). Based on research that has been done, the regression equation Y = 40 404 + 0,438X. The study states the working environment and employee performance in the Department of Part Detail Manufacturing Production Directorate of PT Dirgantara Indonesia (Persero) has a positive relationship (moderate) with a value of 0.438 and the working environment influence on employee performance.


2018 ◽  
Vol 3 (2) ◽  
pp. 94-103
Author(s):  
Lyta Lestary ◽  
Harmon Chaniago

One of the most important assets owned by a company is human resources because it has an influence on the survival of the company. Employees in a company should be provided with a comfortable working environment to produce optimal performance. The work environment is an important thing to be considered by every company and is one of the factors that determine employee performance. The purposes of this research are to know how is the work environment, employee performance and how much is the impact of the work environment on employee performance. This research was conducted by distributing questionnaires to 116 employees at the Division of Part Detail Manufacturing Production Directorate of PT Dirgantara Indonesia (Persero). Based on research that has been done, the regression equation Y = 40 404 + 0,438X. The study states the working environment and employee performance in the Department of Part Detail Manufacturing Production Directorate of PT Dirgantara Indonesia (Persero) has a positive relationship (moderate) with a value of 0.438 and the working environment influence on employee performance.


2022 ◽  
Author(s):  
Le Thanh Tung

This study aims to deeply clarify the impact of some factors on labor productivity with the sample of 244 companies which listed on the Vietnam Stock Exchange in 2011-2013. Labor productivity determined in two ways: (i) the divide of revenue and the number of labor, (ii) the divide of profit after tax and the number of labor. Results showed that wage and company age have a positive relationship (helpful impact) to increase the labor productivity. However, the results also indicated that the number of employees has a negative relationship (harmful impact) to decrease the labor productivity of the companies during the study period.


2020 ◽  
Vol 19 (6) ◽  
pp. 1154-1172
Author(s):  
Yu.V. Granitsa

Subject. The article addresses projections of regional budget revenues, using distributed lag models. Objectives. The purpose is to review economic and statistical tools that are suitable for the analysis of relationship between the revenues of the regional budget system and regional macroeconomic predictors. Methods. The study draws on statistical, constructive, economic and mathematical methods of analysis. Results. In models with quantitative variables obtained under the Almon method, the significant predictors in the forecasting of regional budget revenues are determined mainly by the balanced financial result, the consumer price index, which characterizes inflation processes in the region, and the unemployment rate being the key indicator of the labor market. Models with quantitative variables obtained through the Koyck transformation are characterized by a wider range of predictors, the composition of which is determined by the peculiarities of economic situation in regions. The two-year forecast provides the average lag obtained during the evaluation of the models. The exception is the impact of unemployment rate, which is characterized as long-term. Conclusions. To generate forecasts of budget parameters, the results of both the Koyck method and the Almon method should be considered, though the former is more promising.


2019 ◽  
pp. 4-15
Author(s):  
I. A. Korgun ◽  
G. D. Toloraya

The presented study analyzes the opportunities for North Korea to capitalize on its competitive advantages in foreign trade in the context of sanctions.Aim. The study aims to identify mechanisms that allow North Korea to engage in foreign trade in circumvention of UN sanctions and to analyze their impact on the national economy.Tasks. The authors analyze the structure of North Korea’s national economy, its initial competitive advantage, identify the specific features of North Korea’s foreign trade in the context of sanctions, and determine the consequences of illicit trade in circumvention of sanctions for the national economy.Methods. This study uses an interdisciplinary approach that combines the classical theory of competitive advantage with the concept of rent seeking, with the concept of rent seeking and analysis of trade flows.Results. The study shows that, despite the restrictions imposed by sanctions, North Korea strives to make the most of its advantages, such as resource availability and cheap labor, in global trade. The country builds its own export-import chains in circumvention of sanctions. These chains are rather mobile, flexible, and controlled by the elite. As a result, benefits from trade that could be evenly distributed among the population are concentrated in the hands of a narrow segment of society. ‘Rent seeking’ makes it possible to formulate the negative consequences of these processes for the North Korean economy and the international community.Conclusions. Solving the North Korean issue requires an economic transformation in the country through the replacement of restrictive sanctions with more constructive ones. The exclusion of North Korea from open global trade leads to the country’s marginalization and impairs the transparency of international commodity flows.


2020 ◽  
Vol 2 (7) ◽  
pp. 91-99
Author(s):  
E. V. KOSTYRIN ◽  
◽  
M. S. SINODSKAYA ◽  

The article analyzes the impact of certain factors on the volume of investments in the environment. Regression equations describing the relationship between the volume of investment in the environment and each of the influencing factors are constructed, the coefficients of the Pearson pair correlation between the dependent variable and the influencing factors, as well as pairwise between the influencing factors, are calculated. The average approximation error for each regression equation is determined. A correlation matrix is constructed and a conclusion is made. The developed econometric model is implemented in the program of separate collection of municipal solid waste (MSW) in Moscow. The efficiency of the model of investment management in the environment is evaluated on the example of the growth of planned investments in the activities of companies specializing in the export and processing of solid waste.


2021 ◽  
pp. 11-20
Author(s):  
Federico Castillo ◽  
Armando Sánchez Vargas ◽  
J. K. Gilless ◽  
Michael Wehner

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3404
Author(s):  
Dawid Szostek

The purpose of the article is to determine how personality traits (extraversion, neuroticism, conscientiousness, agreeableness and openness to experience) affect organizational citizenship behaviors for the environment (OCBE), especially in the context of energy saving. The purpose is also to verify the hypothesis that this impact is significantly moderated by individuals’ demographic characteristic (sex, age, length of service, work type and economic sector of employment). To achieve the purposes, a survey was conducted in 2020 on 454 working people from Poland. The analysis was based on structural equation modeling (SEM). The research model assumed that particular types of personality affect direct and indirect OCBEs, including energy-saving patterns. The model also included the aforementioned demographic characteristics of respondents. I proved that personality traits have a significant impact on direct and indirect organizational citizenship behaviors for the environment. In the case of direct OCBEs, the energy-saving items that were most significantly affected by employee personality were: I am a person who turns off my lights when leaving my office for any reason; I am a person who turns off the lights in a vacant room; I am a person who makes sure all of the lights are turned off if I am the last to leave. The strongest predicators were Neuroticism (negative relationship) and Agreeableness (positive relationship) for direct OCBE, but Extraversion (positive relationship) and Agreeableness (negative relationship) for indirect OCBE. The impact of an individual’s personality on OCBE was significantly moderated mainly for indirect behaviors. This applied to all the analyzed demographic variables, but it was stronger for women, employees aged up to 40 years, those with 10 years or more experience, office/clerical workers, and public sector employees. The article discusses the theoretical framework, research limitations, future research directions and practical implications.


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