Global Punctuality Index: A Tool to Save Trillion Man Hours

Sapovadia, Vrajlal (2014): Global Punctuality Index: A Tool to Save Trillion Man Hours.

Abstract

The ‘time’ is most precious, important resource but uncontrollable. Hence, one has to use the time effectively to succeed. Attitudes and values are the foundation of every country’s culture, and are the building blocks for developing business culture. The time consciousness is very important cultural trait, and along with time punctuality, it influences economic development. Culture is one potential reason for differences in the levels of economic development and for differential economic performance of countries around the world . An especially important cultural dimension with regard to its possible impact on production and economic activity is time punctuality, or time consciousness. The punctuality matters for economic development, innovation, country competitiveness, and the effectiveness of a country’s government. Country to country, region to region, village to village, community to community theses traits are different. The index provides opportunity to identify room where the time can be saved by collective actions. World Bank group compile Doing Business every year, the due weightage is given to starting time or licensing time. The author intends to develop objective index through realistic data submitted by citizens which are relevant, reliable and of wider spread.

• Item Type: MPRA Paper
• English Title: Global Punctuality Index: A Tool to Save Trillion Man Hours, Improving Productivity & Growth
• Language: English
• Keywords: Punctuality Index, Regularity, Time Consciousness, Growth, Productivity
• Subjects: A - General Economics and Teaching > A1 - General Economics > A13 - Relation of Economics to Social Values; A - General Economics and Teaching > A1 - General Economics > A14 - Sociology of Economics; F - International Economics > F6 - Economic Impacts of Globalization; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z18 - Public Policy

References

Time Punctuality and Economic Performance, William Di Pietro, Business Department, Daemen College, Macrothink Journal, 2014

Time Punctuality & Social Cohesiveness, William R DiPietro, International Journal of Business, Humanities and Technology, 2014

Global Competitiveness Report 2013-14, World Economic Forum

Human Development Index, 2013, UNDP