Labour Productivity: Concept and Tendencies

Morariu Alunica ()
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Morariu Alunica: “Stefan cel Mare†University of Suceava,

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 2, 258-262

Abstract: This paper addresses the important topic of increasing labour productivity. The expansion of this indicator has a multitude of economic and social implications, also affecting the average consumer. Following the presentation of some theoretical elements related to labour productivity, we make some comparative references and we recall the necessary correlation with salaries. Then we refer to the labour productivity determined by the National Institute of Statistics (INSSE) for the period 2011-2014, both when it comes to labour productivity per employed person, as well as to hourly labour. Obviously, the indicators in question are considerably below the European average. But for a relative mitigation of the gaps, we indicate some ideas in the Conclusions and Recommendations section of our paper.

Keywords: Labour power; wages; production costs; quantity of products; scientific progress; INSSE (search for similar items in EconPapers)
JEL-codes: E24 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:258-262

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