Showcasing the Inequality behind the Economic Productivity


  • Iris MIHAI PhD West University of Timisoara, Romania



productivity, measurement, indicator, callisthenic productivity


It has been a while since we have started understanding the effects of our economic activity. But are we really doing anything about it? In this paper, we aim at introducing and presenting a new indicator meant to tell the story of economic productivity beyond its economic implications. The construction of the new indicator starts by computing national economic productivity as a sum of labor and capital productivity. The national economic productivity is introduced in a multiplicative equation with reversed GINI coefficient, the human development index and a ratio of biocapacity and ecological footprint of consumption. The reversed GINI coefficient corrects the value of the national economic productivity by accounting for the inequality of the distribution of income. The human development index captivates the quality of life beyond the distribution of income with areas like education and health. The ratio between the biocapacity and the ecological footprint of consumption showcases whether the country can ensure its sustainability by accounting its capacity to produce all that it needs to sustain the life of the citizens and to store and/or to eliminate the production residues. The results are quite surprising, painting a completely different picture from what we know from the economic reports.


Emsina, A. A. (2014). Labour productivity, economic growth and global competitiveness in post-crisis period. Procedia - Social and Behavioral Sciences, 156, 317-321.

Fagerberg, J., & Srholec, M. (2007). The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind. World Development, 35(10)|, 1595-1620.

Jivan, A. (2014). Productivité et servicité [Productivity and service]. Economies et Societés, 48(4), 579-599.

Lall, P., Featherstone, A. M., & Norman, D. W. (2002). Productivity growth in the Western Hemisphere (94): the Caribbean in perspective. Journal of Productivity Analysis, 17, 213-231.

Lall, S. (2001). Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report. World Development, 29(9), 1501-1525.

Podobnik, B., Horvatic, D., Kenett, D. Y., & Stanley, H. E. (2012). The competitiveness versus the wealth of a country. Scientific Reports, 2(1), 678.

Stiglitz, J. E, Sen, A., & Fitoussi, J. P. (2008). Report by the Comission on the Measurement of Economic Performance and Social Progress. Eurostat Documents.

Stiglitz, J. E. (2013). Preţul inegalităţii [The price of inequality] (S. Nistor, Trans.). Publica Publishing House. (Original work published in 2012).

Xia, R., Liang, T., Zhang, Y., & Wu, S. (2012). Is global competitive index a good standard to measure economic growth? A suggestion for improvement. International Journal of Services and Standards, 8(1), 45-57.




How to Cite

MIHAI, I. (2021). Showcasing the Inequality behind the Economic Productivity. Logos Universality Mentality Education Novelty: Economics & Administrative Sciences, 6(1), 20-33.

Publish your work at the Scientific Publishing House LUMEN

It easy with us: publish now your work, novel, research, proceeding at Lumen Scientific Publishing House

Send your manuscript right now