The implications of labor productivity indicator

Publication type Article
Status Published
Occupation: Chief Researcher
Azerbaijan National Academy of Sciences, Institute of Economics
Azerbaijan Agricultural Economics Research Institute
Address: Azerbaijan, Baku
Journal nameObshchestvo i ekonomika
EditionIssue 9

In the article the economic essence of labor productivity is analyzed, as well as the methods of measuring it by various production cost indices in the manufacturing industry. The ways and reserves of labor productivity growth in Azerbaijan are also evaluated. The growth rate of labor productivity is compared with the growth rate of the wages.

KeywordsGDP, labor intensity, working time, labor-hour, value added, living and materialized labor, wages, efficiency, profit, innovation, labor productivity, value added
Publication date29.10.2018
Number of characters350
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