THE PHILLIPS CURVE IN PORTUGAL

This paper estimates the Phillips curve in Portugal using the Johansen Method, with the wage inflation rate as a dependent variable, based on annual data from the period 1954-1995. The main conclusions are as follows. Firstly, in the long term, the wage inflation rate relates positively to the inflation rate and negatively to the unemployment rate, as expected. There is also a positive relationship between the wage inflation rate and the average labour productivity growth index. Secondly, in the short term, the variation of the wage inflation rate relates negatively and significantly to the error correction mechanism with a negative unitary coefficient; therefore, there is a quick and significant response to the equilibrium error between the wage inflation rate and its determinants. Besides this adjustment, the wage inflation rate responds positively to a lagged wage inflation rate. The variation in the unemployment rate and the average labour productivity growth present the expected signal, negative and positive respectively, but without significance in the short term. The dummy that refers to the April 1974 revolution is significant.

Comparisons Of Labour Productivity And Per Capita Income In The Nordic Countries (2000-2010)

Due to increased international trade for the last decades and also increased labour and capital mobility, there has been increased interest in international comparisons of economic performance and living standard among countries. Economic performance for a country may be measured by average labour productivity while living standard is measured by production per capita. Differences in these figures among countries are determined by differences in the number of working hours per person per year and the share of the population that works. This approach gives us the opportunity to examine how living standard and economic performance are related. Labour productivity depends, in general, on the amount of labour and capital, but also on factors like the education of the labour force and in investments in more modern technical equipment. This study will give us some ideas of the relative importance of labour market policy and the necessity for investments to improve the economic conditions in a country.

ANALISIS PERTANIAN STROBERI DI KECAMATAN RANCABALI KABUPATEN BANDUNG

The obectives of this research were: (1) to analyse the business feasibility of strawberry farming and (2) to determine the contribution of strawberry farming to the farmer household income. This research used description basic method. Purposive sampling was use to determine the location (the village) and simple random sampling was use to choose the respondents. The primary data were collected from 30 farmer households. The location of this research was in Alamendah village, Rancabali subdistrict, Bandung district. The result of analysis show that strawberry farming feasible to be expanded. Business feasibility were figure by average revenue cost ratio was 2,25; average income was Rp 68.731.640,88; average capital productivity was 1,25; average labour productivity was Rp 77.548,00Iman days; average BEP based on yield was 718,94 kg; average BEP based on sales was Rp 9.928.947,69; and average BEP based on output price was 6. 132, 48/kg. Average income contribution of strawberry farm to household income was 66,24 %.