Leisure and Economic Efficiency:A Panel Analysis in OECD Countries

• 作者: Wei Xiang
• 来源期刊: 国际文化管理
• 学科: 社会科学
• 关键词: LEISURE ECONOMIC EFFICIENCY PANEL ANALYSIS
• 年，卷（期）: 2013,（1）
• 页码范围: 221-227
• 页数: 7页
• 分类号: C913.3

摘要

Economists most time,if not all,derive production efficiency from activities engaged in during the working time,instead of the leisure time.Sociologists,on the other hand argue that the leisure time has a dual role in the production process in that it not only acts as a substitute to working time but can also improve production efficiency through its effects on affecting individuals’ self-development.Using empirical data from nineteen OECD countries the paper finds that:leisure time is nonlinearly associated with economic efficiency,which is defined as GDP per capita per work hour.The leisure time which,despite playing a negative role in economic efficiency at the beginning,turns out to enhance economic efficiency as economy development proceeds.