Naslov
Country-specific drivers of labour productivity

Autori
Višić, Josipa

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
7th International Scientific Symposium „Economy of eastern Croatia – vision and growth“ / Mašek Tonković, Anka ; Crnković, Boris - Osijek : Sveučilište Josipa Jurja Strossmayera u Osijeku i Ekonomski fakultet u Osijeku, 2018, 396-405

Skup
7. međunarodni znanstveni simpozij: Gospodarstvo istočne Hrvatske – vizija i razvoj = 7th International Scientific Symposium: Economy of Eastern Croatia – Vision and Growth

Mjesto i datum
Osijek, Hrvatska, 24.05.2018. - 26.05.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Labour productivity, Country-specific determinants, European countries

Sažetak
Aim of this paper is to determine country- specific drivers of labour productivity in selected 27 European countries in period from 2000 to 2015. Six dynamic panel models have been estimated using Arellano and Bond GMM estimator and all data have been obtained from OECD. Labour productivity, as a dependant variable, is measured by GDP per hour worked where labour input is defined as total hours worked of all persons engaged in production. Obtained results confirmed the expectation that countries with higher rates of GDP growth, likely with favourable economic conditions, will witness an increase in labour productivity. Regarding gross domestic expenditure on R&D, here presented results confirm its positive impact to labour productivity whether these investments have a direct impact as an input of production or an indirect impact via spill over effects. Employment protection makes it more difficult/expensive for employers to adjust the level of employment to current needs of a production, while from employees’ point of view employment protection can improve their productivity due to more reassuring working condition. Since it has a positive and significant impact on labour productivity in three out of five models, it seems that employment protection has a stronger impact on employees than on employers. Results of the analysis on the impact of unemployment rate and employment/population ratio are consistent and in accordance to expectations. Namely, unemployment rate has a positive, while employment/population ratio has a negative impact on labour productivity meaning that higher rates of unemployment in a country make workers try harder to keep their job while at the same time employers focus on more productive, high-skilled labour while less productive workers are fired.

Izvorni jezik
Engleski

POVEZANOST RADA