The productivity impact of short-term labor mobility across industries
Contact us if these videos are not relevant.
Contact us if these videos are not relevant.
View abstract on PubMed
Summary
This summary is machine-generated.Business visits (BVs) boost labor productivity and economic growth. However, their impact diminishes with increased mobility, benefiting less mobile and lower-productivity sectors most.
Area Of Science
- Economics
- Business Management
- Labor Mobility
Background
- COVID-19 pandemic restrictions highlighted the importance of labor mobility for productivity and economic growth.
- Business visits (BVs) are an intrapreneurial strategy aimed at enhancing productivity.
- A comprehensive analysis of BVs' impact is needed.
Purpose Of The Study
- To analyze the role of business visits (BVs) in enhancing labor productivity and economic growth.
- To investigate the relationship between BVs, labor mobility, and productivity across various sectors and countries.
Main Methods
- Utilized an extensive dataset covering 33 sectors and 14 countries from 1998-2013.
- Merged data on business visit expenditures with OECD and World Bank productivity data.
- Conducted a comprehensive analysis of business visits as a productivity-enhancing strategy.
Main Results
- Business visits significantly increase labor productivity.
- Short-term labor mobility shows diminishing returns.
- BVs are more impactful in sectors and countries with lower mobility and productivity.
Conclusions
- Business visits are a key driver of labor productivity and economic growth.
- The effectiveness of BVs is context-dependent, with greater benefits in less mobile environments.
- Policy implications suggest fostering BVs can enhance productivity, especially in lagging sectors.
Contact us if these videos are not relevant.
Contact us if these videos are not relevant.
Related Concept Videos
Another way in which a group presence can affect performance is social loafing—the exertion of less effort by a person working together with a group. Social loafing occurs when our individual performance cannot be evaluated separately from the group. Thus, group performance declines on easy tasks (Karau & Williams, 1993). Essentially individual group members loaf and let other group members pick up the slack. Because each individual’s efforts cannot be evaluated,...
Life tables are versatile across various fields, providing a quantitative basis for analyzing mortality and survival rates. Whether used by demographers, actuaries, epidemiologists, or sociologists, life tables offer valuable insights into the dynamics of life and death, facilitating informed decisions in public health, insurance, conservation, and beyond. Their broad applicability highlights the interconnectedness of demographic data with practical outcomes in everyday life and strategic...