Research has found a strong relationship between systematic management practices-including clear target-setting, performance tracking, and rewards for high performance-and productivity growth
Although many of those finding work recently are new to their roles, which weighs on average productivity growth
to start with, they will pick up speed as they learn on the job and find their feet.
Tang argues however that this negative correlation between employment growth and labour productivity growth
should not be viewed as a trade-off between production efficiency and employment.
can also occur during periods of recession and increased unemployment as businesses cut jobs and seek to become more efficient.
Taken together, these results suggest that the best forecast for the long-run labor productivity growth
rate in the nonfarm business sector lies in the range between 1.
Weaker productivity growth
also means lower potential GDP growth, and this will have important policy implications, including how the central bank adjusts its monetary policy to battle a potential rise in inflation, the report says.
If productivity growth
is mean-reverting, then the current surge and any associated impacts may be temporary; and productivity would return back to its lower long-run growth trend.
in Germany was maintained for a fourteenth straight month in August.
There are unusually large differences in productivity growth
between the United States and Europe," said Bart van Ark, chief economist of the Conference Board.
The board expects productivity growth
in China to slow to 7.
In the recent housing boom of the late 1990s, there was a period of rebounding productivity growth
and a return to a high growth rate, and there also was a noticeably sharp increase in housing prices during the period.
A country's productivity growth
determines growth in standards of living over time.