RELACIÓN ENTRE EL CRECIMIENTO ECONÓMICO Y LA PRODUCTIVIDAD DEL FACTOR TRABAJO EN
GUATEMALA DE 1995 A 2017
26
REVISTA ACADÉMICA ECO (23) : 25-40, JULIO-DICIEMBRE DE 2020
RELATIONSHIP BETWEEN ECONOMIC GROWTH AND
LABOR PRODUCTIVITY IN GUATEMALA FROM 1995 TO
2017
Thesis Review
Abstract
The present investigation uses a methodology based on the Okun (1962) and Kaldor-
Verdoorn (1966) laws - first, in order to identify the short term effects that a product
may have on unemployment levels; and second, to estimate if said product can
effectively explain how labor productivity behaves; or if indeed, there are other factors
that somehow impact productivity behavior.
This study pretends to prove both causalities through the ordinary least squares
application, with the purpose of presenting significant and empirical evidence to
prove that economic growth could have been a determinant of labor productivity in
Guatemala from 1995 to 2017.
After using the previously mentioned methodology, the study concludes that certain
variables unrelated to economic growth can describe in important ways the behavior
of labor productivity in Guatemala during the referred time period.
Keywords: labor productivity, economic growth, unemployment, Keynesian
economics, ordinary least squares