• Title/Summary/Keyword: Labour productivity

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The Shift to the Service Economy and the Characteristic of the Structural Change since Financial Crisis in Korea -Focused on the Analysis of Manufacturing and Service Industry using Productivity Decomposition Methodology and International Comparison- (외환위기 이후 한국경제의 서비스화와 구조변화의 특징 - 생산성 분해를 통한 제조업과 서비스업 업종별 분석과 국제비교를 중심으로 -)

  • Ban, Ga Woon
    • Journal of Labour Economics
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    • v.33 no.1
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    • pp.85-107
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    • 2010
  • In this article, since the financial crisis, Korean employment movement to service market, productivity gap between manufacturing and service industry was significant compared with other countries. The results from productivity decomposition show that negative structural changes, which employment increase is contrary to the productivity, have been intensified since the financial crisis. It is caused from a different developing pattern. While the proportion of employment was reduced, productivity has improved in manufacturing industry. While the developing was due to the high increase of the employment proportion in service industry, productivity was not improved significantly. This tendency is clearly revealed in international comparisons. In Korea the negative trend of structural changes in service industry are intensified compared to manufacturing industry after the financial crisis.

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Wage and Productivity (임금과 생산성)

  • Park, Ki Seong;Ahn, Joyup
    • Journal of Labour Economics
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    • v.27 no.1
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    • pp.165-179
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    • 2004
  • While they compare the growth rate of wage with that of average labor productivity, we compare it with the growth rate of marginal labor productivity. After estimating the elasticity of substitution and technology level, we estimate the marginal labor productivity. Wages and marginal labor productivities are similar over 1963-2000. However, while wages come short of marginal labor productivities over 1963-1986, they exceed marginal labor productivities over 1987-2000. Although the growth rate of wage is not so different from that of marginal labor productivity, it can be disparate from that of average labor productivity. Therefore the former exceeding the latter does not mean the excessive wage growth off the labor demand curve.

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Fiscal Convergence and Total Factor Productivity: Firm-Level Evidence from Pakistan

  • KHAN, Usman Shaukat;KHAN, Muhammad Arshad;NAWAZ, Saima;RAHMAN, Abdul
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.555-569
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    • 2020
  • This study examines the impact of corporate tax, a fiscal measure along with trade liberalization and research and development on total factor productivity for a panel of 153 industrial firms listed on the Pakistan Stock Exchange over the period 1997-2017. For empirical analysis, we employ the system generalized method of moment estimator. In the first step, we estimate industrial production function and the results reveal that raw material, industrial labour force and energy play vital role in enhancing industrial production. Whereas, industrial capital exerts negative impact on industrial output. We also measured total factor productivity using the production elasticities. In the second step, we examine the impact of corporate tax, trade liberalization and research and development on total factor productivity. The results indicate that higher level of corporate tax exerts negative impact on total factor productivity. The findings reveal that higher corporate taxation discourages industrial firms to undertake research and development thereby exerting adverse impact on total factor productivity of firms. The impact of trade liberalization proxied by average tariff is positive while customs duty and sales tax negatively impact firm-level total factor productivity. These findings provide useful insights for managers, investors and policy makers in Pakistan.

Comparison of Environmental Economic Performance In South Korea and Germany

  • Choi, Jung-Su;Schoer, Karl;Schweinert, Stefan
    • Journal of Environmental Policy
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    • v.2 no.2
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    • pp.81-103
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    • 2003
  • This paper compares the environmental economic performance of the South Korean and the German economy during the last decade. The analysis is based on comparable data from the Environmental Economic Accounts (EEA). The EEA is a satellite account to the National Accounts which enhances the conventional economic accounts by a description of the interactions between the economy and the environment. The data from the EEA and the national accounts are fully compatible. In absolute terms the environmental pressures caused by economic activities were with regards to the environmental factors used for the analysis generally lower in South Korea than in Germany. If the use of environmental factors is related to each country's gross domestic product (environmental productivities) a lower level of environmental productivity can be observed for most of the environmental factors in South Korea compared to Germany. For example in 1999 energy and $CO_2$ productivity were about two fifths of the German level. This corresponds to the relation regarding labour productivity (Gross domestic product per employment).

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Development Process of Agriculture And Technology -A Case Study of Korea

  • Gajendra-Singh;Ahn, Duck-Hyun
    • Proceedings of the Korean Society for Agricultural Machinery Conference
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    • 1993.10a
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    • pp.109-118
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    • 1993
  • Development process of agricultural technology has been studied with a case study of Korean agriculture. Technological is considered as a transformer of inputs into outputs and hence technological appropriateness, an important aspect of agricultural development strategies, is considered as a dynamic concepts. Considering the concept of agricultural system as a delivery system for providing essential materials and services to producers and consumers, it has been divided into two major groups of dimensions vis. external challenge dimensions and internal response dimensions. Market, investment and agro-ecosystem constitute the external challenge dimensions : whereas trade , technology as well as production and resources allocation constitute internal response dimensions. The system manager is responsible for maintaining equilibrium in the mentioned six sub-systems. Two kinds of alternatives paths of technological development viz. land saving technology and labour saving technolog have been studied. Technology is considered as a combination of four basic components viz. facilities, abilities, facts and frameworks. Adoption of innovation in agriculture depends on profitability, awareness, risk aversion, financial capacity, institutional infrastructure, availability of physical inputs and adaptability to the local conditions. For a cast study of Korea, changes in the agricultural system through external challenge dimensions are investigated. The impacts of industrialization on agro-ecosystem reported are shift of labour from the agricultural sector to non-agricultural sectors and continuously increasing demand of farm the agricultural sector to non-agricultural sectors accompanied by increase in land prices. The impacts on the commodity market discussed are shift in demand from rice, barley and other cereals to meat , dairy products and vegetables : and increasing in supply capacity of agricultural inputs. The process of agricultural development from 1962 to 19 1 9 (i.e. from start of the first to the end of the sixth five year plan) are also discussed in details with several policy measures taken. The trend of agricultural income and productivity are also analyzed. The main cause of increase in the agricultural income is considered as increase in labour productivity. The study revealed that during the span of 1965-88, holding size has not changed significantly, but both the land and labour productivity increased and so did the agricultural income. R&D activities in Korea have changed over time in three stages vix. import of improved technology, localization by adaptive research and technological mastery. For the new technology to be made affordable to farmers, policy measures like fertilizer and food grain exchange system, dual price system in rice and barely and loan for machinery were strengthened.

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The Role of Technological Progress in the Distribution sector: Evidence from Saudi Arabia Wholesale and Retail Trade Sector

  • ALZYADAT, Jumah Ahmad;ALMUSLAMANI, Monira Saleh
    • Journal of Distribution Science
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    • v.19 no.3
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    • pp.15-23
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    • 2021
  • Purpose: This study aims to identify the role of technological progress in the distribution sector in Saudi Arabia. Research design, data, and methodology: The study applies the Autoregressive Distributed Lag (ARDL) approach to estimate the Cobb Douglas production function of the wholesale and retail trade sector in Saudi Arabia, relied on annual data from the General Authority for Statistics from 2005 to 2019. Results: The results show that there is a long run relationship between the production of the wholesale and retail trade sector in KSA and the factors of production labour, capital and technology progress. The elasticity of the wholesale and retail trade production with respect to capital and labour are 0.26 and 0.78 respectively; the coefficients are positive and statistically significant. The wholesale and retail trade sector is operating under increasing returns to scale. The main result indicates that the elasticity of the wholesale and retail production with respect to the technology progress is 4.62%, which is positive and statistically significant. Conclusions: The study concluded that technological progress has a positive contribution to the growth of the distribution sector in KSA. Therefore, the technological progress can improve the productivity and efficiency of the resources allocated to the dis.

The Impact of Wage Scheme and Transparency of Performance Evaluation on the Productivity (기업의 보상체계와 업무평가 투명성의 생산성 효과)

  • Lee, Sangheon
    • Journal of Labour Economics
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    • v.37 no.1
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    • pp.59-85
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    • 2014
  • This paper analyses an impact of wage scheme and transparency of performance evaluation on the productivity. The main findings in this paper are as follows: First, the effect of wage scheme based on seniority system on the productivity is worse off than the performance pay. Second, there is a positive relationship between an incentive and the productivity, but, in the case of firms which individually informs the results of performance evaluation to their workers, it shows the hump-shaped relationship. Third, though the wage scheme is based on the performance, if the evaluation system is not transparent, the impact of incentive on the productivity is disappeared. Consequently, this paper implies that the appropriate incentive and the transparent performance evaluation system are required so as to improve the productivity.

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Social investment in Europe: bold plans, slow progress and implications for Korea

  • Taylor-Gooby, Peter
    • 한국사회복지학회:학술대회논문집
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    • 2004.06a
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    • pp.3-50
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    • 2004
  • ${\cdot}$ Recent social policy and labour markets debates in Europe, responding to the difficulties faced by the traditional neo-Keynesian welfare state settlement, stress the value of positive investment alongside de-regulation and greater flexibility as a way of achieving both economic and social goals. ${\cdot}$ Patterns of policy reform are complex and reflect differing national circumstances. A general move towards deregulation, constraints on entitlement to passive benefits, programmes to enhance employment, particularly among high-risk groups such as single parents and young people, targeted subsidies for low earners and casemanagement may be identified. ${\cdot}$ In relation to investment in education, research and development and combined training and benefit programmes to enhance mobility between jobs the picture is less clear. Education standards continue to rise, but research and development spending stagnates and few countries have developed substantial ‘flexi-curity’ programmes to support job mobility. ${\cdot}$ The labour market tradition in much of Europe has been one of conflict between labour and employers. As labour grows weaker, new approaches develop. These tend to stress productivity agreements and greater flexibility in work practices within firms and reforms to passive social security systems more broadly, but movement to support the more challenging investment and flexi-curity policies is slow. ${\cdot}$ In general, social and labour market policies in Europe stress deregulation and negative activation more strongly than social investment and ‘flexi-curity’. The countries with high growth and employment achieve that goal by different routes: Sweden has a closely integrated social democratic corporatism with high spending on benefits and training programmes and the UK a more liberal market-oriented system, with lower spending, highly targeted benefits and less mobility support. ${\cdot}$ Europe has something to learn from Korea in achieving high investment in human capital and R and D, while Korea may have something to learn from Europe in social investment, particularly flexi-curity and equal opportunity policies.

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Public hospitals and Private hospitals analysis of productivity differences (공공병원과 민간병원의 생산성에 관한 차이 분석)

  • Lee, Jin-Woo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.11
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    • pp.7885-7892
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    • 2015
  • This study public hospital productivity and private hospitals, comparative analysis was divided into capital productivity, labor productivity, value-added productivity, based on the findings public hospitals are able to ensure the public interest to provide stable and profitable health services of good quality. It proposes measures to improve productivity. Investigation period were based on the fiscal year 2013, the target of 39 public hospitals are private hospitals surveyed were selected for a total of 147 hospitals with 108. ANOVA analysis was performed the analysis, hierarchical regression analysis. In the conclusions showed as the most important factor in the profitability of labor productivity, the productivity of public hospitals variables, because exert a significant impact on the productivity and efficiency of future public hospitals are required to establish an effective personnel management system. It should also Productivity and specific assessment of the effective management be analyzed by the association between the margins would have to be.

SMALL SCALE DAIRYING IN THREE FARMING SYSTEMS IN EAST JAVA II. ECONOMIC ANALYSIS OF DAIRYING

  • Widodo, M.W.;de Jong, R.;Moll, H.A.J.
    • Asian-Australasian Journal of Animal Sciences
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    • v.7 no.1
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    • pp.31-39
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    • 1994
  • The indonesian government wishes to increase farmers' by encouraging dairy farming. Since 1980, imported dairy cattle have been distributed on credit. Survey data from 1990 were used to study the average milk sales per cow and the economic parameters of dairy production of a sample of farm households on seven milk cooperatives East Java Province, in three agro-ecological areas, oriented to sugar cane, cassava and horticulture, respectively. in general, dairy production proved not to be economically attractive as returns to labour were similar to the rates for agricultural labour. The returns showed marked differences among the three areas studied. They were highest in the horticultural area. Analysis of the dairy units according to size showed a tendency for inputs as well as revenue per cow to decline as herd size increased. It is argued that a further increase in milk production in East Java can be stimulated by raising the farm gate price of milk, or by expanding dairy production into suitable, new areas.