Abstract

Level of productivity is vital for each country striving develop sustainably. It appears that accounting of productivity requires additional attention of scientists. This paper is focused on the methods allowing to evaluate productivity in economy sectors. Scrutinized scientific literature proposes the following possible perceptions of productivity increase: as labour move from low to high productivity sectors, the process contributes to aggregate country’s productivity growth, and causes further productivity increase in more productive sectors. After critical scientific literature review, conclusions about contemporary productivity methods and are being be provided.

Highlights

  • Productivity is vitally import as driving force of sustainable development, which in own turn is affected by various factors (Mathur et al 2013; Bonetto et al 2014; Demir et al 2014; Figurska 2014; GarškaitėMilvydienė, 2014; Ruza et al 2014; Tvaronavičienė 2014, Wahl 2014)

  • Productivity usually is perceived as a measure of output or value added per labour input

  • From one point of view it can be related to labour movement from low productivity to high productivity sectors and in such a manner contributing to aggregate country’s productivity growth

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Summary

Introduction

Sustainable development of countries and their economies’ sectors is driven by array of factors (Mačiulis, Tvaronavičienė 2013; Baublys et al 2014; Balitskiy et al 2014; Caurkubule, Rubanovskis 2014; Dzemyda, Raudeliūnienė 2014; Fuschi, Tvaronavičienė 2014; Kaminskienė et al 2014; Raudeliūnienė et al 2014; Scaringelli 2014; Tarabkova 2014; Tvaronavičienė 2014; Tvaronavičienė et al 2014; Vasiliūnaitė 2014). Productivity is vitally import as driving force of sustainable development, which in own turn is affected by various factors (Mathur et al 2013; Bonetto et al 2014; Demir et al 2014; Figurska 2014; GarškaitėMilvydienė, 2014; Ruza et al 2014; Tvaronavičienė 2014, Wahl 2014). This paper aims to systemize and group the methods evaluating productivity, which can reveal more precise picture of productivity in separately taken economy sectors

Determinants of economy sectors’ performance
Macroeconomic conditions
Possible economy sectors’ performance variations
Productivity phenomenon evaluation methods in the structure of economy
Aggregate productivity growth accounting method
Findings
Conclusions

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