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"For the recovery to be put on a more stable footing, emerging and developing economies must ensure that growth is based on productivity enhancements," said Xavier Sala-i-Martin, a professor of economics at Columbia and co-author of the report.
The other group of definitions is based on productivity grounds.
I don't know what it will take to wake up everybody to the fact that our standard of living is based on productivity, which is based on math and science and students graduating and inventing and building state of the art things that have never been seen before.
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"Hospitals are constructing compensation in ways that are based on productivity and performance," said Steve Messinger, president of ECG Management Consultants, which advises on physician acquisitions.
Moreover, existing performance monitoring approaches (electronic or not) are often dreaded by workers since they either threat their privacy or are based on productivity measures, with specific side effects.
Indirect costs, over 12 months follow-up, will be based on productivity losses due to work incapacity linked to presenteeism, and also work absenteeism.
The second is based on worker productivity.
The current recovery is based on low productivity because simply using more labour without any extra support in infrastructure is bound to ratchet down the rate of growth, as well as making a lopsided economy even more unbalanced.
According to neoclassical economic theory, the concept of productivity is based on the production function, where output is a function of capital and labor input.
Productivity loss is based on absenteeism and on productivity loss at work.
Since labor compensation is based on decreasing marginal productivity, average production exceeds it by a per capita amount β(0.5-l 1-l, which increases in l over the 0.5-l 1-lange spanned by the labor allocation choices (4), and is not random if individuals own well-diversified portfolios of production opportunities subject to idiosyncratic shocks.
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