Firm's growth through resources' reallocation

The importance of re-allocating human and capital resources in order to increase growth is justified and assessed. Based on macro economic models and their basic identities, growth is computed considering an economy with only two sectors, having different labor productivities and capital per worker...

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Bibliographic Details
Main Author: Fernandes, A.
Format: Conference Proceeding
Language:English
Subjects:
Agriculture
Business
Capital
Employment
Growth
Humans
Industrial economics
Labor
Production
Productivity
Resource management
Technological innovation
Vehicles
Online Access:Request full text
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Summary:The importance of re-allocating human and capital resources in order to increase growth is justified and assessed. Based on macro economic models and their basic identities, growth is computed considering an economy with only two sectors, having different labor productivities and capital per worker values, when a number of workers move between sectors. Conclusions are taken from the model and illustrated by the case of the Portuguese economy. Finally, it is shown that, at firms' level, the same conclusion may apply. As such, firms should develop strategies for their business lines improving labor productivities and re-allocating their resources accordingly.
ISSN:2159-3590
2159-3604
DOI:10.1109/IEMC.2007.5235084