The increase in productivity at any level can be attributed to various factors, such as capital equipment
New, organizational changes, or the development of new skills on or off the job. Productivity is affected by factors on
Individual level such as health, education, training, basic skills and experience; And factors at the enterprise level such as
Management and investment in plant and equipment and occupational safety and health; And factors at the national level such as
Macroeconomic policies, national competition, economic growth strategies and policies to maintain a business environment
Sustainable and public investment in infrastructure and education.
[A] A thorough understanding of productivity would fill (and have already filled) volumes since 'all the details' matter,
Which complicates matters. Indeed, it requires exploring the depths of the subject and discovering all the determinants of growth and development. And the first source of growth
Productivity for example is technological change. Technological change, in turn, depends on innovation, which is also influenced by a group
Of institutions, quality of human capital supply, competitive market dynamics, and spending on research and development
And investment in general. These elements, in turn, depend on the strength and stability of aggregate demand, and then on the economic framework
Total. Investment stimulates innovation, but the opposite is also true: innovation stimulates investment