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The Correlation between Some Macroeconomic Indicators (Innovation, R&D, FDI) and their Impact on Labor Productivity

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  • Marina Popa

    (Academy of Economic Studies of Moldova, Republic of Moldova)

Abstract

The objective of this study is to investigate the correlation between some macroeconomic indicators for labor productivity growth. In conditions of the current metamorphosis of the national economy, the identification of factors that contribute to the increase of labor productivity becomes a necessity for the survival of countries on the regional and world scale. The knowledge about these factors and their strategic combination contribute to the increase of productivity, of innovative business, which directly leads to the enhancement of well-being in the world economy. Economic growth in the countries of the world is directly proportional to the labor productivity equation, which is dependent on the number of unknowns expressed by its determinants. From this perspective, the author addresses the aspect of economic growth and the heterogeneity of the factors of increasing labor productivity in both national and global economies using the statistical method of correlating factors. The results of the study showed that investment, export, research, and development are factors that have a direct impact on economic growth, thus being possible to establish the strategies that are effective in the development of various national economies. Keywords: Correlation of Indicators, Productivity, Investment, Export, National Economies Journal: Eurasian Journal of Social Sciences

Suggested Citation

  • Marina Popa, 2020. "The Correlation between Some Macroeconomic Indicators (Innovation, R&D, FDI) and their Impact on Labor Productivity," Eurasian Journal of Social Sciences, Eurasian Publications, vol. 8(4), pages 175-184.
    • Handle: RePEc:ejn:ejssjr:v:8:y:2020:i:4:p:175-184
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    References listed on IDEAS

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    1. Leamer, E.E., 1995. "The Heckscher-Ohlin Model in Theory and Practice," Princeton Studies in International Economics 77, International Economics Section, Departement of Economics Princeton University,.
    2. Gouranga G Das & Hiranya K. Nath & Halis M Yildiz, 2005. "Foreign Direct Investment and Inequality in Productivity across Countries," Working Papers 0501, Sam Houston State University, Department of Economics and International Business.
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