CONSIDERATIONS ON THE FACTORS OF ECONOMIC GROWTH AND LABOR PRODUCTIVITY IN THE EU
CONSIDERATIONS ON THE FACTORS OF ECONOMIC GROWTH AND LABOR PRODUCTIVITY IN THE EU

Summary/Abstract: Through this research we aim to identify and analyze the factors of increasing labor productivity in the conditions of internationalization of national economies. Labor productivity is determined by natural factors, technical factors, economic factors, social factors, management methods used. Taking into account all the determinants of labor productivity, the “Hard” Matrix Model was developed to determine the main indicators for its increase by calculating the Labor Productivity Index. The main objective of the paper is to identify by the Hard matrix method the specific determinants of the factors of growth or stagnation of labor productivity in the EU.

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