Evaluating the Impact of  Shocks  due to Financial Development and  due to  Health Expenditure on the labor Productivity of  Manufacturing sector

Kamali Dehkordi, Parvaneh; Ghobeyshavi, Abdolkhaleq; Abdollahi, Fereshteh; Farhadi Sartangi, Davood

doi:10.30473/indeco.2020.38737.1099

Document Type : applicative

Authors

¹ Assistant Professor of Economics ,Payame Noor University,Iran

² Master of Economic Development and Planning, Islamic Azad University of Ahvaz

³ Phd student in yazd univesity

https://doi.org/10.30473/indeco.2020.38737.1099

Abstract

In many countries, investing in manpower and in improving its quality has played a major role in promoting productivity and accelerating economic growth. On the other hand, the impact of the development of financial markets on improving productivity and economic development of countries is significant. Accordingly, in the present study, a theoretical framework is presented to investigate the impact of the development of financial markets on labor productivity using the panel vector auto-regressive method for the period 1998-1997 in the MENA region. In addition to examining the development of financial markets, other influential factors such as government spending, health spending and per capita capital (macro variable) are considered as the most important factors affecting the productivity of the manufacturing sector's labor force. According to the findings of this study, the development of financial markets has increased the productivity of the labor in the manufacturing sector. Taking into account the surplus of labor supply in these countries and improving financial services, reallocating resources to high-productivity sectors and encouraging capital inflows can bring productivity to higher levels. Per capita capital and healthcare spending have had a negative impact on labor productivity in the industrial sector, which can be due to the time gap between investing in an individual until entering the labor market, high per capita health care cost due to lack of timely prevention. And the environmental pollution that is causing the spread of all kinds of diseases and increasing the cost of health care .

Keywords

20.1001.1.24767077.1397.2.4.5.5

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Journal of Industrial Economics researches

Evaluating the Impact of Shocks due to Financial Development and due to Health Expenditure on the labor Productivity of Manufacturing sector

References

References

Volume 2, Issue 4
August 2018
Pages 73-88

Evaluating the Impact of Shocks due to Financial Development and due to Health Expenditure on the labor Productivity of Manufacturing sector

References

References

Volume 2, Issue 4August 2018Pages 73-88

Volume 2, Issue 4
August 2018
Pages 73-88