Efficiency of Production Factors in the EU

The aim of the article is to consider, on the basis of indicators of effectiveness of production factors, the development of particular member states of the EU in the period 1996-2015 and relations between them in connection with the real business cycle in the EU and different starting positions (gr...

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Main Authors: Martina Novotná, Tomáš Volek
Format: Article
Language:ces
Published: University of South Bohemia 2018-08-01
Series:DETUROPE
Subjects:
Online Access:http://www.deturope.eu/img/upload/content_60007194.pdf
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author Martina Novotná
Tomáš Volek
author_facet Martina Novotná
Tomáš Volek
author_sort Martina Novotná
collection DOAJ
description The aim of the article is to consider, on the basis of indicators of effectiveness of production factors, the development of particular member states of the EU in the period 1996-2015 and relations between them in connection with the real business cycle in the EU and different starting positions (groups according to GVA per worker). The hypothesis that the development of labour productivity in the established groups of countries and at the intervals of the real economic cycle differs statistically significantly was verified based on the ANOVA test. The analysis illustrated different development and reaction of indicators of productivity in the monitored groups of the EU countries to the cyclic development of economies. It has been confirmed that the states with worse starting conditions have greater growth intensity in productivity and the business cycle does not interfere with the efficiency of production factors to any real extent.
format Article
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institution Kabale University
issn 1821-2506
language ces
publishDate 2018-08-01
publisher University of South Bohemia
record_format Article
series DETUROPE
spelling doaj-art-1094403c6fa94a0fbda0e5f6761eab752025-02-02T08:07:29ZcesUniversity of South BohemiaDETUROPE1821-25062018-08-01102147168Efficiency of Production Factors in the EUMartina Novotná0Tomáš Volek1a Faculty of Economics, University of South Bohemia, Studentská 13, České Budějovice 370 05, Czech Republica Faculty of Economics, University of South Bohemia, Studentská 13, České Budějovice 370 05, Czech RepublicThe aim of the article is to consider, on the basis of indicators of effectiveness of production factors, the development of particular member states of the EU in the period 1996-2015 and relations between them in connection with the real business cycle in the EU and different starting positions (groups according to GVA per worker). The hypothesis that the development of labour productivity in the established groups of countries and at the intervals of the real economic cycle differs statistically significantly was verified based on the ANOVA test. The analysis illustrated different development and reaction of indicators of productivity in the monitored groups of the EU countries to the cyclic development of economies. It has been confirmed that the states with worse starting conditions have greater growth intensity in productivity and the business cycle does not interfere with the efficiency of production factors to any real extent.http://www.deturope.eu/img/upload/content_60007194.pdffactor of productionproductivityeuropean unionbusiness cycle
spellingShingle Martina Novotná
Tomáš Volek
Efficiency of Production Factors in the EU
DETUROPE
factor of production
productivity
european union
business cycle
title Efficiency of Production Factors in the EU
title_full Efficiency of Production Factors in the EU
title_fullStr Efficiency of Production Factors in the EU
title_full_unstemmed Efficiency of Production Factors in the EU
title_short Efficiency of Production Factors in the EU
title_sort efficiency of production factors in the eu
topic factor of production
productivity
european union
business cycle
url http://www.deturope.eu/img/upload/content_60007194.pdf
work_keys_str_mv AT martinanovotna efficiencyofproductionfactorsintheeu
AT tomasvolek efficiencyofproductionfactorsintheeu