期刊名称：International Business & Economics Research Journal
印刷版ISSN：1535-0754
电子版ISSN：2157-9393
出版年度：2013
卷号：12
期号：8
页码：945-952
语种：English
出版社：The Clute Institute for Academic Research
摘要：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.
