Statistika: Statistics and Economy Journal (Dec 2011)
The Possibilities to Estimate Labour Productivity and Total Factor Productivity for Czech Regions
Abstract
Productivity measuring is a popular part of economic and statistical analysis of a country. The simplest productivity measure is based on labour productivity. It is a revealing indicator among economic indicators because it offers dynamic measures of economic growth, competitiveness and living standard. Besides labour productivity, it is common to carry out total factor productivity measurement including both labour and capital input. This paper focuses on the total factor productivity measurement on a regional level betweenthe years 2006 and 2009. Regional productivity measurements show a different approach to regional analyses. There are very few analyses focusing on regional capital formation and capital stocks. This paperdescribes the possibility of using regional factors (labour and capital stocks) to complete total factor productivity measurement.
