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Apparent labor productivity

<b>Apparent labor productivity</b>


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Apparent productivity of work. It is an indicator that is defined as the performance of a unit of work applied to the productive process of a country, a region ... It is usually estimated as the relationship between the GVA (Gross Value Added) and the number of workers employed to produce it.

PAT = GVA / number of workers

"Apparent" is added to it because it is "observed". That is, it differs from real labor productivity to the extent that full utilization of the productive capacity used is obtained

Limitations:

While the apparent productivity it may change simply with changes in the productive capacity used. The real productivity will not change based on these changes. The only determinants of actual productivity are:

- capital / worker

- joint efficiency of labor and capital (total factor productivity)

The apparent productivity of labor (or labor productivity) assumes that the labor factor is homogeneous, and that the same technology is used and a fixed endowment of the remaining productive factors

Apparent productivity of work per employed person (Bank of Spain definition): Product per employed person. It is calculated as the quotient between GDP at prices and constant PPP for the last year represented and the number of employed persons obtained from the Accounts.

Terms Related to Apparent Labor Productivity
Definition of apparent productivity, real productivity - - apparent productivity of factors; Technological progress.


Video: standard Labor Productivity rates (May 2022).