Labour productivity in North Macedonia in the context of the EU integration
DOI :
https://doi.org/10.60054/PEU.2021.8.181-188Ключови думи :
North Macedonia, Labour productivity, Sectoral labour productivity, Convergence, European UnionАбстракт
The aim of the article is to outline the tendencies in labour productivity in North Macedonia in the period 2000 - 2018 in the three main sectors of the economy and for the economy as a whole. In the context of the European integration, it is crucial for the country to make progress in this area in order to converge with the EU-27, as this could be a facilitating factor for real income convergence and is an indicator of similarities in the technological principles used. The analysis shows that labour productivity in North Macedonia increased by 18.4% between 2000 and 2018, but the value is far from the EU-27 average and is also below the values of the Member States with the lowest values of the indicator. As far as sectoral labour productivity is concerned, only the industry sector shows an increase and a narrowing of the gaps with the EU-27 in the area. These processes are influenced by the quality of the labour force, the efficiency of the education system, the level of expenditure on research and development, etc.
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