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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


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page 101-105

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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

https://hrcak.srce.hr/181021

Publication date:

30.6.2009.

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