scholarly journals Growth of labor productivity in Vietnam: Approach by shift - share analysis

2016 ◽  
Vol 19 (3) ◽  
pp. 18-27
Author(s):  
Chuong Ngoc Huynh ◽  
My Nhan Le
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Analysis Approach ◽  
Economic Growth Rate ◽  
Labor Productivity Growth ◽  
High Level ◽  
Growth Quality

In 1990s, the economic growth rate of Vietnam reached a high level and was stable. The labor productivity growth is one of the most important indicators of economic growth quality. Using shift-share analysis approach on data obtained from GSO and worldbank, the authors find that the quality of the labor productivity growth depends on within-sector effect in Vietnam economy. However, the quality of labor productivity growth has been low in recent years. We therefore offer suggestions to improve the quality of labor productivity growth based on enhancing capital - technology intensive.

scholarly journals Relationship between Labor and Economic Growth in Vietnam: Practice and Forecast

2021 ◽  
Vol 6 (4) ◽  
pp. 289-293
Author(s):  
Phuong Huu Tung
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Labor Force ◽  
Labor Productivity ◽  
Economic Growth Rate ◽  
Neoclassical Growth Model ◽  
And Training ◽  
Neoclassical Growth

This paper analyzes the effects of the fluctuation in labor force and labor productivity on Vietnam's economic growth. Using the neoclassical growth model with data from the General Statistics Office, the study shows that when the number of laborers increases by 1%, the economic growth rate will raise by 2.78%. Combined with predicted figures on changes in Vietnam's labor force in the period of 2009-2049, the results of the study reveal in order to maintain the current economic growth rate, labor productivity needs to increase to 106.2% in the period of 2029-2039 and 111.6% in the period of 2039-2049. Vietnam is losing the advantage of labor force so its long-term economic growth will depend mainly on labor productivity. Improving the quality of labor is the driving force for economic growth. This depends on the combination of specific national policies and strategies, in which education and training policies are highlighted.

Productivity

2013 ◽  
Author(s):  
Stephen N. Broadberry ◽  
Claire Giordano ◽  
Francesco Zollino
Keyword(s):  
Economic Growth ◽  
Labor Productivity ◽  
Productivity Growth ◽  
The Other ◽  
Growth Accounting ◽  
Factor Productivity ◽  
International Context ◽  
Labor Productivity Growth ◽  
Catching Up ◽  
Productivity Dynamics

Italy's economic growth over its 150 years of unified history did not occur at a steady pace, nor was it balanced across sectors. Relying on an entirely new input (labor and capital) database, this chapter evaluates the different labor productivity growth trends within the Italian economy's sectors, as well as the contribution of structural change to productivity growth. Italy's performance is then set in an international context: a comparison of sectoral labor productivity growth rates and levels within a selected sample of countries (United Kingdom, United States, Germany, Japan, India) allows us to better time, quantify, and gauge the causes of Italy's catching-up process and subsequent more recent slowdown. Finally, the paper analyzes the proximate sources of Italy's growth, relative to the other countries, in a standard growth accounting framework, in an attempt also to disentangle the contribution of both total factor productivity growth and capital deepening to the country's labor productivity dynamics.

scholarly journals The Productivity Gap between Europe and the United States: Trends and Causes

2008 ◽  
Vol 22 (1) ◽  
pp. 25-44 ◽  
Author(s):  
Bart van Ark ◽  
Mary O'Mahony ◽  
Marcel P Timmer
Keyword(s):  
United States ◽  
Labor Productivity ◽  
Productivity Growth ◽  
The United States ◽  
Information And Communications Technology ◽  
Market Regulation ◽  
Lower Growth ◽  
Labor Productivity Growth ◽  
High Level ◽  
Productivity Gap

Since the mid-1990s, labor productivity growth in Europe has significantly slowed compared to earlier decades. In contrast, labor productivity growth in the United States accelerated, so that a new productivity gap has opened up. This paper shows that this development is attributable to the slower emergence of the knowledge economy in Europe. We consider various explanations which are not mutually exclusive. These include lower growth contributions from investment in information and communication technology; the small share of information and communications technology–producing industries in Europe; and slower multifactor productivity growth, which proxies for advances in technology and innovation. Underlying these are issues related to the functioning of European labor markets and the high level of product market regulation in Europe. The paper emphasizes the key role of market service sectors in accounting for the productivity growth divergence between the two regions. We argue that improved productivity growth in Europe's market services will be needed to avoid a further widening of the productivity gap.

scholarly journals The impact of human capital on labor productivity growth in Vietnam

2019 ◽  
Vol 3 (2) ◽  
pp. 104-110
Author(s):  
Nguyen Thi Dong ◽  
Le Thi Kim Hue
Keyword(s):  
Human Capital ◽  
Human Resources ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Labor Productivity Growth ◽  
Raising Awareness ◽  
Labor Training ◽  
Investment Capital ◽  
The Impact

This paper applies Mankiw model to consider the relationship between human capital and labor productivity in the period of 1996 - 2017. Research results have shown that the contribution of human capital to labor productivity growth is only 14%, while investment capital does not reflect the change in labor productivity. The cause of this result is determined by the inadequacy in the allocation of investment capital and the situation of labor training not based on the trend of restructuring the sectors of the economy, so the quality of human resources not yet promoted and utilized. Therefore, in order for human capital to become one of the important factors to promote labor productivity in the future, Vietnam needs to implement three specific solutions: Firstly, raising awareness of the role of human capital in the process of labor productivity growth; Secondly, education and training should be developed to improve the quality of human capital; Thirdly, focus on developing human resources in the field of science and technology to transform the growth model from width to depth.  

A Study of Trends in India’s Economic Growth since 1951: The Inclusive Growth Approach

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Arjun. Y. Pangannavar
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Growth Model ◽  
Economic Reforms ◽  
Inclusive Growth ◽  
Economic Growth Rate ◽  
Economic Growth Model ◽  
High Level ◽  
The Impact ◽  
Double Digit

This paper focuses on the saga of India’s economic growth under the ‘Nehru-Mahalanobis Economic Growth Model’ (NMEGM) and ‘Narsimhrao-Manmohan Singh Economic Growth Model’ (NMSEGM). The NMEGM continued till 1990 unceasingly; Indira Gandhi’s social control had supported the model to place India’s economic growth at a high level. After becoming a member of World trade Organization (WTO), India entered the epoch of world new economic order and initiated new economic reforms. It followed globalisation, liberalisation and privatisation policies to achieve double digit economic growth rate. This model is popularly known as ‘Narsimhrao-Manmohan Singh Economic Growth Model’. Based on past trends and new changes, this paper attempts to assess the impact of NMSEGM on future economic growth. India has practiced both endogenous and exogenous models of economic growth. The endogenous model was in operation from 1956-57 till 1990-91 that placed economic growth rate at more than 5%. However, from 1990-91, the new economic reforms have followed the exogenous model that has raised economic growth rate to nearing double-digit; but, the decadal economic growth rate has shown a declining trend. This paper attempts to assess the growth rate trends of Indian economy by using the measuring tool called ‘Inclusive Growth’ to get a fair and true picture.

scholarly journals Linkage Between Agriculture, Poverty and Malnutrition in India

2021 ◽  
pp. 39-74
Author(s):  
Ashok Gulati ◽  
Ranjana Roy
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Large Section ◽  
Economic Growth Rate ◽  
The Poor

AbstractDespite the high economic growth rate over the last 10–15 years, a large section of the population remains undernourished. This has raised questions regarding the quality of India’s growth story, especially in terms of its inclusiveness, and its impact on the poor and the malnourished.

Opportunities for accelerating labor productivity growth: The role of small and medium enterprises

2020 ◽  
pp. 98-114
Author(s):  
Evguenia V. Bessonova ◽  
Alexander G. Morozov ◽  
Natalia A. Turdyeva ◽  
Anna N. Tsvetkova
Keyword(s):  
Labor Productivity ◽  
Productivity Growth ◽  
Small And Medium Enterprises ◽  
Growth Potential ◽  
Business Climate ◽  
Labor Productivity Growth ◽  
Positive Effects ◽  
Low Efficiency ◽  
Medium Enterprises ◽  
Medium Firms

The paper considers necessary conditions for acceleration of labor productivity growth in Russia. Based on micro data, as well as aggregate data, the paper quantifies the contribution of small and medium firms to labor productivity growth. It shows that mere increase of the number of small and medium enterprises is not as important for positive effects of these programs, as qualitative improvements: development of favorable environment for growth, which is largely determined by business climate. Accelerating productivity growth involves redistribution of labor and capital from inefficient to efficient enterprises. In particular, it is necessary to create conditions, which allow a firm to grow after it enters the market instead of stagnating as a small firm with low efficiency. At the same time, it is necessary for ineffective firms, which exhausted their growth potential, to have an opportunity to exit the market easily leaving resources including labor to fast-growing companies.

Forming Sources of Long-run Growth: How to Understand Them?

2014 ◽  
pp. 4-20 ◽  
Author(s):  
G. Idrisov ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Business Cycle ◽  
Capital Markets ◽  
Productivity Growth ◽  
Government Spending ◽  
Long Run ◽  
Accelerate Growth ◽  
Budget Institutions

The paper analyzes the inconsequence and problems of Russian economic policy to accelerate economic growth. The authors consider three components of growth rate (potential, Russian business cycle and world business cycle components) and conclude that in order to pursue an effective economic policy to accelerate growth, it has to be addressed to the potential (long-run) growth component. The main ingredients of this policy are government spending restructuring and budget institutions reform, labor and capital markets reforms, productivity growth.

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