Nikoloski, Dimitar (2019) Determinants of labour productivity in the Republic of North Macedonia with an emphasis on the ICT industry. In: XI International Conference “Digital Transformation of the Economy and Society: Shaping the Future”, October 19-20, 2019, Prilep.
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Abstract
Labour productivity as a single factor measure represents the total volume of output produced per unit of labour during a given time reference period. Labour productivity affects various stakeholders in the society such as workers, companies and the government. Hence, determining the factors that affect the labour productivity represent a challenging task. The aim of this paper is to identify the industries that are drivers of the labour productivity growth in the Republic of North Macedonia and to shed light on its main determining factors. As potential factors that affect the labour productivity we consider: the consumption of fixed capital, the average net wage, workforce characteristics, jobs’ characteristics and firms characteristics at industry level. The empirical findings show that industries with higher capital intensity and higher average net wage experience the highest labour productivity. In addition, temporary work arrangements, more experienced workforce and higher shares of private companies in a given industry are associated with better performance in terms of labour productivity. In addition, the emphasis is given to the analysis of labour productivity in the ICT industry as one of the leading industries in the Republic of North Macedonia. Finally, the analysis is used as a basis for defining appropriate policy measures for increasing the labour productivity by using the potentials of the ICT that would lead to greater competitiveness and economic growth.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Economics |
| Depositing User: | Mr Dimitar Risteski |
| Date Deposited: | 04 Dec 2019 08:42 |
| Last Modified: | 04 Dec 2019 08:42 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/2120 |
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