Modelling and predicting labor force productivity

Details Modelling and predicting labor force productivity Modelling and predicting labor force productivity

2010-01-27

arxiv.org/abs/1001.4889v1

Economy

Quantitative Finance

General Finance

8 pages, 6 figures

Scientific paper

Labor productivity in Turkey, Spain, Belgium, Austria, Switzerland, and New Zealand has been analyzed and modeled. These counties extend the previously analyzed set of the US, UK, Japan, France, Italy, and Canada. Modelling is based on the link between the rate of labor participation and real GDP per capita. New results validate the link and allow predicting a drop in productivity by 2010 in almost all studied countries.

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