Sentence examples for productivity of labour from inspiring English sources

This study also highlights the importance of trade to the economy: researchers hypothesised that with a healthy human capital, production will increase through higher productivity of labour, thus, when the business climate is favourable it can create higher value added to the goods and services produced.

This one-sided view held that wages were determined by the "marginal productivity of labour"—that is, by the relationships of production and by consumer demand.

In part, such comparisons reflect differences in the productivity of labour in different countries.

"But here, since we've opened the gates to imported labour, we're talking about the marginal productivity of labour in Bangladesh".

Denying the reciprocal relationship between wages and profits, Bailey stressed the productivity of labour and sought to eliminate the pessimism inherent in Ricardo's economic doctrines.

After all, there are no influences as strong in raising the productivity of labour as health, education and skill formation – a foundational connection to which Adam Smith gave much attention.

David Owen, an economist at Dresdner Kleinwort Wasserstein, argues that investors should look at multi-factor productivity instead of labour productivity, because it is a better proxy for an economy's return on capital.

The number of workers is calculated in the same way, using goods-specific productivities of labour from the HSA as auxiliary variables (proxies).

Empirically minded economists note the profound difficulty of applying the theory when the productivity of individual labour in most organizations is unmeasurable and wage structures are internally connected.

But the scale, skill and productivity of the labour force there, and in countries such as Vietnam and Cambodia, nowhere near matches China's, argues Mr Sirkin.

To do so they measured three costs: how sitting in traffic reduces productivity of the labour force; how inflated transport costs push up the prices of goods; and the carbon-equivalent cost of the fumes that exhausts splutter out.