Technical efficiency is the ability of a firm to produce its maximum output using a set of inputs or to minimise the use of its inputs to produce a certain level of output. When a firm is operating at its most efficient, operating costs can be minimised, profits maximised and competitiveness improved. This study investigates the role of a firm's…

Digital technologies such as artificial intelligence, robotics and automation are transforming the world of work. Developing the appropriate digital skills in the workforce is an important component in Australia's effort to compete in this rapidly emerging global digital economy. This research explores the current digital skills demand-and-supply…

Public colleges and universities, which educate the vast majority of the nation's students, are an important part of states' economic competitiveness efforts. These institutions face a number of pressures that will demand increased productivity and a data driven investment strategy moving forward. Increasing productivity in higher education will…

Purpose: The study aims to examine the human resource management challenges in Southern EU and their effect on organizational performance. Design/methodology/approach: First, key challenges were identified in the existing literature. Then, these challenges were matched with those reported most often in the CRANET questionnaire. These challenges…

Discusses factors contributing to the declining U.S. productivity growth rate and compares U.S. production to Germany and Japan. Presents model programs that have recognized the need to develop in people the desire to work, study, improve, and become more productive citizens. (LRA)

Productivity is a central issue these days in any discussion about the economy. However, there is much more talk about productivity than there is real knowledge. We need a clear understanding of what direction productivity improvement efforts will take and what efforts are required to retrain the existing work force. (SSH)

This report discusses diverse economic issues involved in educational reforms aimed at improving economic growth. The focus is on elementary and secondary education in the southeastern United States. After a general overview of the economics of educational reform, section I discusses the issues involved in modeling and estimating the linkages…

Recent Australian research provides a solid body of evidence that training investments can yield very high levels of returns for firms across a range of sectors. It highlights these important factors about returns on investment (ROI): ROI come in many forms; immediate ROI are highest when training is highly focused; measuring ROI is not always…

The 49 papers in these two volumes were prepared to assist the Commission on Workforce Quality and Labor Market Efficiency in making recommendations for improving the U.S. work force. The papers summarize existing research and make recommendations on subjects reflecting seven Commission tasks: (1) examine the roles and effectiveness of privately…