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EN
The article presents the results of the analysis of the factors influencing labour productivity in the manufacturing business sector in 2004-2008. Labour productivity was analyzed in the context of the assets productivity, technical equipment of work, labour intensity of production, wages, value added and depreciation costs, and using linear stepwise regression. The study shows that despite significant progress, the level of labour productivity in domestic manufacturing significantly lower than the average in the European Union. Lower than in Poland, the level of labour productivity gain only companies in Romania, Bulgaria, Lithuania, Latvia and Estonia. Estimated parameters of the regression function showed that the most important determinants of labour productivity in manufacturing are technical equipment of work, labour intensity of production, assets productivity, level of added value in relation to revenues. These factors explain the variability of labour productivity in 2004-2008 in a high degree.
EN
The article presents results of an analysis of factors influencing labour productivity in food industry enterprises in the years 2005-2008. Labour productivity was analysed, using stepwise regression, in the context of assets productivity, technical infrastructure, investment performance, added value, and depreciation costs. The analysis has revealed that despite significant progress, the level of labour productivity in domestic food industry is considerably lower than the European Union average. Labour productivity is lower only among enterprises in Bulgaria, Romania, Lithuania, Latvia, Estonia Ireland, Hungary and Slovakia. Estimated parameters of regression function have indicated that the most important factors determining the labour productivity in food industry comprise: technical infrastructure, productivity of assets, investment performance, and the level of added value in relation to revenues. These factors accounted for the variability of labour productivity in food industry in over 80% of cases in the 2005-2008.
EN
Using panel data, this paper examines the impact of firms with foreign capital on the labour productivity of domestic firms in Poland. The econometric analysis is based on unpublished firm level data compiled by the Polish Central Statistical Office for 1993-2007. In order to examine productivity spillovers from foreign direct investment in Polish manufacturing the author makes use of the contagion and technology gap hypotheses. The former assumes that productivity spillovers from foreign firms to local ones increase in proportion to the growing share of foreign-owned firms in total production. The second hypothesis presumes that the greater are the technological gaps between foreign and local firms, the more intensive is the technology spillover. Estimated results indicate however that there were no productivity spillovers from foreign firms to local ones in manufacturing as a whole between 1993- 2007. The greater technology gap actually led to less intensive spillovers for different groups of industries according to various classifications, however the results differ between groups of industries.
EN
In recent years the largest and most important manufacturing sector in Slovak Republic has been the transport equipment industry. Its share is expected to grow in the next years too above all due to an expanding automotive industry as well. This industrial branch has been the engine of positive changes and has contributed to improved performance of supplier branches as well. At the same time there are several risks resulting from this excessive dependency of Slovak economy from one dominating sector. The main objective of the submitted article, is to provide an analysis of the development of Slovak automotive industry during recent years.
EN
This article explores the methodological basis of identification of reserves productivity in the industrial and developed ways to implement them. Proved reserves for possible productivity and established their relationship with the enterprise management system. Investigated the influence of the main directions of factors on productivity, defined approach to classification and main groups of factors that are appropriate to carry out the primary influence in the modern world. The approach to implementation management reserves and increase productivity, which is distinguished by the presence of the monitoring procedures and use of reserves productivity in the enterprise. Studied areas of implementation of labour productivity in the industry. Authorized by the conclusions of research conducted within the subject matter of this article.
EN
The article presents the results of labour productivity analysis in micro, small and medium enterprises of EU countries. The analysis was conducted on the basis of European Commission for Enterprise and Industry data from 2008. The results of regression analysis point that the technical equipment of work, the share of value added and value of production in revenues are the most important factors influencing the labour productivity in the SME sector.
EN
The main objective of this study was focused on the analysis of long-term relations among wages, prices and output during the systemic transformation in Poland. Monthly data covering the entire period of 1993-2002 were used. The obtained results indicate that labour productivity and the state of the labour market were determining the average wages. Inflation is mainly dependent on the changes in wages, labour productivity and prices of imported goods. The rate of economic growth was predominantly influenced by capital/labour ratio, inflow of foreign direct investments and the speed of privatization, which also accelerates organizational change.
EN
Process of economic globalisation and international integration results in significant changes in quantity and quality of economic and social processes as well as fundamental principles of market economy. Economy has become a system or a network with increasing competitiveness in vertical and horizontal direction. There are a lot of approaches that explain globalisation and its relations, influence and impacts. We have dealt with impact of globalisation on social phenomenons as employment, labour costs, social cohesion and global changes in corporate strategy.
EN
The FDI inflow represents an important part of the Visegrad economies. These countries have experienced a high rate of foreign direct investment since the 1990s. However, the flow of investment is different among these countries with a diverse peak of inflow into individual economies. Slovakia, Czech Republic, Hungary and Poland reformed their political and economic systems and were considered as transition economies. Just like other transition economies, the economic, social and political system of the Visegrad Group countries has some peculiarities. The inflow of foreign direct investment is determined by many factors that might influence the inflow of foreign direct investment positively, but also in a negative way. The paper identifies specific determinants of the inflow of foreign direct investment into the Visegrad Group countries. It assesses their impact on the investment inflow. We apply panel regression with the use of standardized variables. Based on the results, we may consider as determinants influencing the FDI inflow into the V4 countries the size of the economy, or its potential, labour productivity, corporate tax, wages, unit labour cost, inflation, education of workforce, openness of the economy, road and railway density, i.e., the quality or development of infrastructure, level of corruption in particular countries and membership of the Economic and Monetary Union.
EN
Studies of the spatial aspect of productivity and commercialization of Polish agriculture go back quite far in time. In the period 1971–1990 the Institute of Geography of the Polish Academy of Sciences co-ordinated the research conducted in the framework of the national research programmes, and brought about numerous publications in which the productive features of farming in Poland were analyzed. (R. Szczęsny 1975, 1992, R. Kulikowski, J. Szyrmer 1978, J. Szyrmer 1976, 1977, 1980, R. Kulikowski 1977, 1977b, 1980, 1982, 2002, 2003). In the first part of the paper one can find the analysis of land and labour productivity. High levels of land productivity (value of gross agricultural production per 1 hectare of agricultural land) were observed in Greater Poland and Cuiavia featuring average or advantageous soil conditions and high farming culture (high share of population with more than primary education, employed in agriculture). Low levels of this indicator were noted in northern and western Poland. High levels of labour productivity (value of gross agricultural production per 1 person employed in agriculture) were associated mainly with a large size of farms and were observed in western and northern Poland. The subsequent part of the paper is devoted to the problems of degree and level of commercial production of agriculture. The studies of degree of commercialisation of agriculture (% share of commercial production in gross production value) shows its differentiation across the country since the year 1970. In the year 2009 the average degree of commercialization of Polish agriculture amounted to 70,5% and its indicators varied from about 74–76% in the northern voivodships, with larger farm acreage, to less than 60% in the south-east. The value of commercial production of agriculture per 1 hectare of agricultural land is referred to as the level of commercialization. The spatial differentiation of this indicator of Polish agriculture was illustrated for the years 1970 and 2002.
EN
We explored the patterns of structural changes in Europe and found growing relevance of the service sector, particularly knowledge-intensive services. The study shows that labour productivity and TFP growth were lower in the service sector than in the goods sector but were higher in knowledge-intensive services than in other services. GDP per capita growth is positively related to the output’s share of knowledge-intensive services as well as GDP growth and TFP growth in high-income countries, but not in medium-income economies. This might be explained by the rapid growth in the earlier stages of development in less-developed countries and its subsequent slowdown. Although knowledge-intensive services are the fastest growing sector in all countries, industry is still the most relevant sector for long-term growth, with the highest TFP and labour productivity growth. The growing knowledge-intensive services sector, with its higher TFP growth than other services, partially overcomes the negative effects of expansion of the service sector on long-term output growth. This study shows that R&D investment growth leads to significantly higher output growth in knowledge-intensive services than in other sectors, which may be used as a relevant policy tool.
EN
The aim of this paper is to introduce a political programme of reforms stemming from human capital research conducted over more than 15 years. Recognition of the abstract nature of capital has made alternative research possible. Human capital ‒ the human ability to do work ‒ is under the authority of all fundamental laws established in respect of the general notion of capital as spontaneous, and possessing random diffusion and limited growth. The phenomenon of human capital’s natural dispersion is a starting point for the theory of the minimum wage, which ought to be sufficient to counterbalance the natural thinning out of the initial human capital of an employee. The essence of the money economy reveals an abstract triad: capital – labour – money, where capital is the ability to do work, labour is the transfer of capital to products, and wages receivable correctly defines money earned by employees. The only proper money creating process is through labour. Money is a certification of work done; therefore labour is always self-financing. Using this theoretical framework, governments can eliminate budget deficits, and reduce direct taxes and unemployment while avoiding inflation. If the compensation paid in the public sector comes from the funds collected by taxation, then the economy works as a scarcity machine. In the reshaped economic system, the Central Bank directly transfers salaries earned by the public sector employees to their bank accounts. The budgets are then balanced, the direct taxes are limited, and the public debt no longer grows. The modern equation of exchange involves labour productivity as a fundamental economic ratio.
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