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https://doi.org/10.1080/1331677X.2019.1666024

Tangible investment and labour productivity: Evidence from European manufacturing

Puni tekst: engleski, pdf (2 MB) str. 3519-3537 preuzimanja: 43* citiraj
APA 6th Edition
(2019). Tangible investment and labour productivity: Evidence from European manufacturing. Economic research - Ekonomska istraživanja, 32 (1), 3519-3537. https://doi.org/10.1080/1331677X.2019.1666024
MLA 8th Edition
"Tangible investment and labour productivity: Evidence from European manufacturing." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 3519-3537. https://doi.org/10.1080/1331677X.2019.1666024. Citirano 31.03.2020.
Chicago 17th Edition
"Tangible investment and labour productivity: Evidence from European manufacturing." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 3519-3537. https://doi.org/10.1080/1331677X.2019.1666024
Harvard
(2019). 'Tangible investment and labour productivity: Evidence from European manufacturing', Economic research - Ekonomska istraživanja, 32(1), str. 3519-3537. https://doi.org/10.1080/1331677X.2019.1666024
Vancouver
Tangible investment and labour productivity: Evidence from European manufacturing. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 31.03.2020.];32(1):3519-3537. https://doi.org/10.1080/1331677X.2019.1666024
IEEE
"Tangible investment and labour productivity: Evidence from European manufacturing", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 3519-3537, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1666024

Sažetak
Labour productivity is one of the key drivers for higher earnings and welfare standards in every economy. The problem of how to ensure the growth of labour productivity is especially relevant to less developed economies and forces justification of the factors affecting sustainable productivity growth. The purpose of this research is to test if the investment in tangible assets improves labour productivity in the European manufacturing industry and to reveal the countries with inefficient investment. The results show that with consideration of all European countries, a 1% increase in gross investment in tangible goods (G.I.T.G.) per person employed (P.E.) has a 0.0373% long-run effect on apparent labour productivity (A.L.P.). Considering various types of investments in tangibles, only an increase in gross investment in existing buildings and structures (G.I.E.B.S.) per P.E. and gross investment in machinery and equipment (G.I.M.E.) per P.E. caused growth of A.L.P. However, the impact of investment in assets on A.L.P. significantly differs among the countries and it is revealed that many European countries, which are characterised by low productivity, use investment inefficiently.

Ključne riječi
productivity; labour productivity; investment; tangible investment; manufacturing industry; Europe

Hrčak ID: 229693

URI
https://hrcak.srce.hr/229693

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