TECHNOLOGICAL STRUCTURE AND LABOR PRODUCTIVITY OF THE SERBIAN MANUFACTURING INDUSTRY – THE SECTOR LEVEL
Abstract
Labor productivity of the manufacturing industry is an important factor of economic growth and compatibility. The aim of the research is to point out the significance of conducting efficient structural and technological changes in the manufacturing industry of the Republic of Serbia and to examine their impact on the growth of labor productivity. Technological structure was examined according to the technological intensity and methodology of OECD. Labor productivity was analyzed by partial productivity measure, value added per employee from the aspect of impact of various factors on its growth, shift-share analysis. The results of the research show that labor productivity growth rates in the manufacturing industry are high and positive, that they are higher than gross value added, which is the result of change in the number of employees. Productivity growth is higher in areas that belong to high and medium-level technology and is based on the inter-sector effect. The results of this research are useful to the creators of industrial politics when initiating structural changes and relocating the factors that impact labor productivity towards more productive areas of the manufacturing industry.
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DOI: https://doi.org/10.22190/TEME200318065M
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