logging in or signing up a2 econ productivity performance (ali) juliapeters Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 13 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: April 03, 2011 This Presentation is Public Favorites: 0 Presentation Description A2 Econ Student presentation on Productivity Performance (Unit 4) Comments Posting comment... Premium member Presentation Transcript Productivity Performance: Productivity Performance By el 3liThe importance of productivity growth: The importance of productivity growthBy el 3li: By el 3liSlide 4: Indicator of living standards in the economy (t7acha 3an paul krugman) If productivity of resources is increased, then an economy can generate more income or output per worker Real gdp per capita is used over productivity as a measure of SoLMoar reasons: Moar reasons Keeps inflation low: if workers operate efficiently then firms can produce more G&S at a lower avg. cost.(reduce C.P inflation) Înternational competitiveness of UK goods and services dans un international market as P.G drives down unit labour costsMeasuring productivity: Measuring productivity Productivity measures the output produced by the economy relative to an input The most common is labour productivity, but due to changes in the labour structure output per hour worked is a more useful measure……..: …….. From 1991-2007, the UK’s productivity growth of output per hour has outperformed all the other G7 countries The productivity of both manufacturing and services in the UK has improved between 1999 and 2008.Slide 8: DOES THIS MEAN EVERYTHINGS FINE AND DANDY??Slide 9: LIL2ASAF NOO!Slide 10: WHY?……: …… Productivity growth collapsed during the 2008-2009 recession This is because output declined during the recession, but the labour market tends to lag behind the business cycle. Business delay adjusting the labour force because of the uncertainty of the length of the downturn.Slide 12: A productivity gap exists between output in the UK and that in the rest of the G7 countries. This is due to the UK’s international competitiveness which we will be examingSlide 13: INTERNATIONAL COMPETITIVENESS 5OOKSlide 14: Bbbbasically , international competitiveness involves 2 aspects.. 1) PRICE COMPETITIVENESS 2) NON-PRICE COMPETITIVENESS Price competitiveness is determined by the economy’s inflation rate, exchange rate and unit labour costs.Non-price competitiveness: Non-price competitiveness However as mentioned previously, prices and costs are not the only determinants of international competitiveness Non-price competitiveness can be measured in a couple of ways One way is income elasticity of demand for UK exports and imports…….: ……. The YED for imports is between 1.6 and 2, which is not significantly different to that of the UK’s major competitors. However the YED of exports is btween 1 to 1.5 which is lower than all competitors, meaning if world income rises, UK imports will grow quicker than exportsWhy is the productivity gap persisting!??!?!: Why is the productivity gap persisting!??!?! The causes of the UK’s relatively poor productivity and competitiveness: A low percentage of GDP devoted to fixed capital investment and spending Lack of investment in human capital The burden of regulationSlide 18: THANKS FOR COMING SHABAB You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
a2 econ productivity performance (ali) juliapeters Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 13 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: April 03, 2011 This Presentation is Public Favorites: 0 Presentation Description A2 Econ Student presentation on Productivity Performance (Unit 4) Comments Posting comment... Premium member Presentation Transcript Productivity Performance: Productivity Performance By el 3liThe importance of productivity growth: The importance of productivity growthBy el 3li: By el 3liSlide 4: Indicator of living standards in the economy (t7acha 3an paul krugman) If productivity of resources is increased, then an economy can generate more income or output per worker Real gdp per capita is used over productivity as a measure of SoLMoar reasons: Moar reasons Keeps inflation low: if workers operate efficiently then firms can produce more G&S at a lower avg. cost.(reduce C.P inflation) Înternational competitiveness of UK goods and services dans un international market as P.G drives down unit labour costsMeasuring productivity: Measuring productivity Productivity measures the output produced by the economy relative to an input The most common is labour productivity, but due to changes in the labour structure output per hour worked is a more useful measure……..: …….. From 1991-2007, the UK’s productivity growth of output per hour has outperformed all the other G7 countries The productivity of both manufacturing and services in the UK has improved between 1999 and 2008.Slide 8: DOES THIS MEAN EVERYTHINGS FINE AND DANDY??Slide 9: LIL2ASAF NOO!Slide 10: WHY?……: …… Productivity growth collapsed during the 2008-2009 recession This is because output declined during the recession, but the labour market tends to lag behind the business cycle. Business delay adjusting the labour force because of the uncertainty of the length of the downturn.Slide 12: A productivity gap exists between output in the UK and that in the rest of the G7 countries. This is due to the UK’s international competitiveness which we will be examingSlide 13: INTERNATIONAL COMPETITIVENESS 5OOKSlide 14: Bbbbasically , international competitiveness involves 2 aspects.. 1) PRICE COMPETITIVENESS 2) NON-PRICE COMPETITIVENESS Price competitiveness is determined by the economy’s inflation rate, exchange rate and unit labour costs.Non-price competitiveness: Non-price competitiveness However as mentioned previously, prices and costs are not the only determinants of international competitiveness Non-price competitiveness can be measured in a couple of ways One way is income elasticity of demand for UK exports and imports…….: ……. The YED for imports is between 1.6 and 2, which is not significantly different to that of the UK’s major competitors. However the YED of exports is btween 1 to 1.5 which is lower than all competitors, meaning if world income rises, UK imports will grow quicker than exportsWhy is the productivity gap persisting!??!?!: Why is the productivity gap persisting!??!?! The causes of the UK’s relatively poor productivity and competitiveness: A low percentage of GDP devoted to fixed capital investment and spending Lack of investment in human capital The burden of regulationSlide 18: THANKS FOR COMING SHABAB