PŘINÁŠÍ REGIONU VĚTŠÍ KAPITÁLOVÁ VYBAVENOST PRÁCE VYŠŠÍ MZDU? PŘÍPAD ČESKÝCH REGIONŮ
DOES THE GREATER CAPITAL EQUIPMENT OF LABOR BRING HIGHER WAGES TO THE REGION? THE CASE OF CZECH REGIONS

Author(s): Ivana Kraftová, Jiří Kraft
Subject(s): Regional Geography, Labor relations, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: capital equipment of labor; wages; productivity; foreign direct investment; regions of the Czech Republic;
Summary/Abstract: The article pays attention to the relation between capital equipment of labor and wage levels on the example of the Czech regions. Its main aim is to assess the relationship of the capital equipment of labor (expressed in terms of foreign direct investment and hours worked) to the wage level using correlation analysis, as well as the relationship of the capital equipment of labor and productivity in the regions of the Czech Republic. In addition, the validity of the relation “labor productivity is higher than the wage level” is verified using a comparison of standardized values of the indicators. The results show a high spatial dispersion of foreign direct investment in the Czech Republic, caused mainly by the Prague region. The positive correlation between the capital equipment of labor and wage levels, but also productivity, is statistically significant in the Czech regions. The problem of most Czech regions is the situation when the wage level exceeds the productivity level. Thus, the capital equipment of labor should firstly have a positive effect on the unit performance of labor, which would be rightly followed by increasing wages

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