Shevelova, Anastasia and Machukha, Ielyzaveta and Motliuk, Mark and Kulinich, Volodymyr (2023): A Comprehensive Regression Study on the Drivers of Labour Productivity.
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Abstract
Labour productivity is an essential economic indicator, offering insights into a nation's hourly economic output. Understanding a country's performance is pivotal for assessing policy effectiveness and shaping new strategies. This study aims to identify the primary determinants of labour productivity and analyze their impact. Employing data from the World Bank and ILOSTAT, the linear regression method was used for analysis to uncover significant insights. The findings reveal a positive correlation between urbanization and labour productivity, while employment in agriculture, as expected, exerts a negative influence. Furthermore, a direct relationship was observed between a country's income level and labour productivity, with higher incomes associated with increased productivity. Notably, the unemployment rate exhibits a positive association with labour productivity, and this effect intensifies as income levels decrease.
Item Type: | MPRA Paper |
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Original Title: | A Comprehensive Regression Study on the Drivers of Labour Productivity |
English Title: | A Comprehensive Regression Study on the Drivers of Labour Productivity |
Language: | English |
Keywords: | Labour productivity, Country performance, Determinants of labour productivity, Linear regression analysis |
Subjects: | J - Labor and Demographic Economics > J0 - General J - Labor and Demographic Economics > J0 - General > J01 - Labor Economics: General O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General |
Item ID: | 118622 |
Depositing User: | student Anastasia Shevelova |
Date Deposited: | 26 Sep 2023 15:08 |
Last Modified: | 26 Sep 2023 15:08 |
References: | Bräuninger, M., & Pannenberg, M. (2002). Unemployment and productivity growth: an empirical analysis within an augmented Solow model. Economic Modelling, 19(1), 105–120. Choudhry M. T. (2009). Determinants of Labor Productivity: An Empirical Investigation of Productivity Divergence. University of Groningen, The Netherlands. Radlo, M., & Tomeczek, A. (2022). Factors Influencing Labor Productivity in Modern Economies: a Review and Qualitative Text Analysis. WSEAS Transactions on Environment and Development, 18, 291–314. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/118622 |