TITLE

LABORISM AS A BASIS FOR THE CREATION OF MONETARY UNIONS

AUTHOR(S)
RENKAS, Jurij
PUB. DATE
October 2015
SOURCE
Financial Space;2015, Issue 4, p9
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Stability indicator of labour productivity makes it a good measure of the economic level achieved by an economy. The aim of the paper is to present a method for the application of labour productivity index Q to solve an important macroeconomic questions. It is also a good basis to build rankings of labour productivity, as well as monitoring the development of each country. Article focuses on determining the level of labour productivity of the economy of Ukraine in comparison to the economies of other countries. In Ukraine, the labor productivity index Q falls in the past few years. This means that every year on 1 hryvnia labor cost accounts for less real GDP. This is a very negative trend, which indicates the need to implement urgent measures aimed at changing the country's economic policy. In article also suggests an original solution to the problems of creation of monetary unions.
ACCESSION #
118053598

 

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