Factors affecting labor productivity: Evidence in listed companies in Vietnam

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.

LABOR ECONOMICS AND LABOR LAW: METHODOLOGICAL ASPECTS OF CORRELATION

The article reveals the features of solving the problems of labor activity, proceeding from the study of the foundations of labor economics (as a direction of economic science, directly dealing with such problems) and the provisions of labor law (which regulate the process of ensuring everyone the right to work), taking into account the methodological aspects of correlation. It has been established that labor activity is a special form of professional activity of individuals, which is due to the use of scientific and technical means. It has been determined that one of the main problems of labor economics is the problem of a low level of labor productivity, the solution of which is possible through the development of scientific and technological progress, improvement of existing or development and implementation of new resource-saving technologies, improvement of the production process of product, automation of the production process, taking into account aspects of social processes and guarantees of ensuring the optimal level of remuneration and an appropriate level of social protection, the development of education and science, ensuring an adequate level of health care, guaranteeing labor safety, continuous improvement of qualifications and professionalism by employees. It has been proved that the efficiency of an individual's labor activity depends on his motivation. It was found that one of the problems underlying the economic science of labor is the problem of regulating the personal life and work activities of young professionals in the labor market, in particular – at the expense of ensuring decent working conditions and the right to an adequate level of remuneration. It was determined that in the implementation of strategically established tasks and priorities for the development of labor activity, a special role is played by the observance of the provisions of labor law. Labor law should provide for the proper regulation of relations in labor activity is provided, based on society's perceptions of aspects such as fairness and the framework of freedom. It has been established that changes in labor law for the better in accordance with the needs of the labor market will contribute to an increase in the level of labor productivity, an increase in the level of employment among the population, influence an increase in the level and efficiency of production, an increase in the level of wages, etc. It is noted that the prospects for further research in this direction should be the research of the features and practical aspects of the correlation of professionalism, professional culture, professional competence and professional training in labor activity.

Motivational Factors Affecting Construction Labor Productivity: A Review

Research on motivational factors affecting construction labor productivity (CLP) has attracted numerous researchers worldwide many years so far. This study aims to review studies on motivational factors affecting CLP from the outcomes of previous studies. Based on a comprehensive review, publications on this domain were analyzed in terms of geographical distribution, adopted research methods, common motivational factors, and knowledge gaps. The findings indicated that the majority of studies were carried out in the Asia continent, followed by Europe, Africa, and America. Also, almost studies adopted methods of empirical research for identifying and evaluating of motivational factors with a prevalent procedure that includes five stages, namely, identifying motivational factors based on a review of existing literature; pilot study; data collection; data analysis; and concluding critical motivational factors. Additionally, the results also revealed that the mostly identified motivational factors contain rewards; good relationship; promotion opportunities; job security; good supervision; the amount of salary; and a good work environment. It is recommended that engineering managers, project managers, employers should use the findings of this study to make policies or decisions to ensure effective management and improve construction workforce productivity.

Long-run asymmetric association between FDI and productivity in Turkey

Incoming foreign direct investments (FDI) may enhance the productivity level of the host country by bringing new advanced technologies. On the other hand, the nexus of FDI and productivity, rather than being linear, might be nonlinear because the effect of increases and decreases in FDI on productivity may not be symmetric. In this sense, this study investigates the asymmetric relationship between FDI and productivity in Turkey by using two different productivity indicators (i.e., PROD1 and PROD2) and employing a Nonlinear ARDL approach. Our hypothesis claims there is an asymmetric association between FDI and productivity in the long run in Turkey. Nonlinear cointegration test findings indicate that selected variables are cointegrated. Hence, they move together in the long run. Our study uses aggregated data at the macro level to analyze the long-term asymmetric relationship between foreign direct investment and labor productivity in Turkey using the NARDL estimation technique. Concerning the estimation results, a long-run nonlinear relationship between incoming FDI and labor productivity was detected, and this finding remained valid across two models constructed by using two distinct labor productivity indicators. As a whole, our results are consistent with the ones found in the literature. Besides, for the first time in the literature, this study addresses the long-run asymmetric nexus between FDI and labor productivity by using macro-level data specific to Turkey and makes various policy recommendations.

Factors Affecting Labor Productivity: An Empirical Evidence from Pakistan

Labor productivity is important as it is the major factor determining nations' living standards. This study analyzes the factors affecting labor productivity in Pakistan using time series data. ARDL model is applied for estimation of the long run relationship of variables for the period 1981-2018. Data have been taken from the Handbook of Statistics of State Bank of Pakistan and various economic surveys of Pakistan. The findings show that wages, human capital investment, labor force participation, and inflation significantly affect labor productivity. The results indicate that wage rate has a positive effect on labor productivity, and human capital investment also is positively related to labor productivity. At the same time, labor force participation and inflation are negatively related to labor productivity. These findings imply that labor productivity can be raised by increasing the wage rate and investing more in human capital. Results are consistent with efficiency wage theory and human capital theory.

ON THE IDEA OF LABOR, LABOR LAW, AND FORCED LABOR SELECTED REMARKS IN THE SOVIET UNION (1917-1945)

In the Union of Soviet Socialist Republics, work was compulsory according to the 1918 labor code. This stemmed from the ideas of Marx. This position was also held by Lenin, Trotsky and others. The Communist Party could assign anyone any work. Evading work was a counter-revolutionary crime. Likewise, it was a crime to arbitrarily change one’s place of work. The compulsion to work required the use of terror. Terror was an everyday phenomenon in the USSR. Low labor productivity was a constant affliction. Prison labor was used en masse from the beginning. The GULAG system (forced labor camps) expanded. Prison labor was becoming less and less productive. In 1956, the GULAG camps were renamed “penal colonies,” which still exist in Russia today.

Econometric Evaluation of Influential Factors to Increasing Labor Efficiency in Textile Enterprises

This article analyzes the content of the concept of labor productivity in textile enterprises, the factors influencing its increase, using the methods of "correlation" and "regression" analysis, as well as the forecast indicators of labor productivity.