LABOUR PRODUCTIVITY AND CAPITAL-LABOUR RATIO FROM GROUPS OF COUNTRIES

Abstract

This study aims to provide and discuss the impact of capital-labor ratio on labor productivity among groups of countries over the period from 1995 to present. The study uses descriptive statistics and regression analysis on Cobb-Douglas production functions as a basis for comparison and calculation of the impact between groups of countries in different periods. The research results show that the impact of capital-labor ratio on average labor productivity among groups of countries is different, while average labor productivity and capital-labor generally increase.