Review article
https://doi.org/10.20867/thm.15.1.9
REAL WAGES AS DETERMINANT OF LABOUR PRODUCTIVITY IN TOURISM
Dritsaki Chaido
; University of Macedonia, Thessaloniki Greece
Abstract
This paper examines the effect of real wages on labour productivity for the case of tourist sector.
Since, tourist sector is widely a service-oriented sector based on personal employment characteristics, we propose a theoretical model of Cobb – Douglas productivity equation which accounts only for labor. The paper aims at calculating the productivity-income elasticity of tourist sector based on the aforementioned
model.
Keywords
Labor Productivity; Real Wages; Tourist Sector
Hrčak ID:
181021
URI
Publication date:
30.6.2009.
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