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Country GDP per working hour (2017 US$ PPP) Year Luxembourg 146.1 2023 Ireland 142.5 2023 Norway 92.6 2023 Netherlands 79.8 2023 Denmark 78.2 2023 Switzerland 75.6 ...
By mid-2013, the European Commission's economic forecast for Ireland predicted its growth rates would return to a positive 1.1% in 2013 and 2.2% in 2014. [37] An inflated 2015 GDP growth of 26.3% (GNP growth of 18.7%) was officially partially ascribed to tax inversion practices by multinationals switching domiciles. [38]
Calculations made by Robert Solow claimed that economic growth was mainly driven by technological progress (productivity growth) rather than inputs of capital and labor. However recent economic research has invalidated that theory, since Solow did not properly consider changes in both investment and labor inputs. [dubious – discuss]
Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity, often referred to as labor productivity, is a measure for an organisation or company, a process, an industry, or a country.
The southern economy also benefited relatively more after 1973 up to 2002 from the European Structural Funds system. It grew markedly until 2007, but no corrective measures were taken to control the process, leading to the 2008 crisis. However, since 2014, the Republic of Ireland has seen large economic growth, referred to as the "Celtic Phoenix".
Enterprise, Innovation, Growth; Quality Work and Learning; Making Markets and Regulation work better; Quality, Value and Continuous Improvement; the European Union. A large element of the work of the Department arises from Ireland's membership of a number of international organisations, in particular the European Union and the World Trade ...
Labour productivity is a revealing indicator of several economic indicators as it offers a dynamic measure of economic growth, competitiveness, and living standards within an economy. [ citation needed ] It is the measure of labour productivity (and all that this measure takes into account) which helps explain the principal economic foundations ...
In economic terms, a minimum wage is a price floor for labor created by a legal threshold, rather than a reservation wage created by price discovery. The living wage is one possible guideline for determining a target price floor, while a minimum wage is a policy to enforce a chosen price floor. Calculating a living wage [1] [2]