Journal of Applied Economic Research
ISSN 2712-7435
Factors and Reserves of Labor Productivity Growth in Russia: Concepts and Quantitative Estimates
Ekimova N.A.
Abstract
The return of the labour productivity indicator to the regulatory discourse and the focus of the state policy on eliminating the technological gap between Russia and the world leaders added new relevance to the problem of finding mechanisms to increase productivity in a country. Therefore, the factors and reserves of labour productivity growth in Russia are the subject of this study. The purpose of the article is to study the existing works that explore factors affecting labour productivity, the formation of their typology and the assessment of the impact of the identified groups from the perspective of the multi-factor productivity concept. The research methodology is based on the methods of empirical and theoretical knowledge (analysis, generalization, classification, mathematical processing). The results of this study: an analysis of the development of the labour productivity theory from a one-factor concept to a multi-factor one and its possible modifications; a critical review of the current understanding of the factors and reserves of productivity growth; the author's generalized content-based typology of labor productivity growth factors with the allocation of natural, structural, institutional, organizational and technological factors groups and also a group of factors of human capital development; quantitative assessment of the contribution of some groups of factors to productivity growth. The results showed that the contribution of technological factors to the total increase in labour productivity over the past 25 years was dominant and amounted to 66.7%, while the share of all other indicators accounted for 33.3%. This led to the conclusion that at present the authorities pay insufficient attention to the technological aspects of increasing labour productivity in Russia that require further research of the mechanisms of technological renewal of the country.
Keywords
labour productivity, growth factors, classification, technologies
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About Authors
Ekimova Natalia Aleksandrovna – Candidate of Economic Sciences, Associate Professor, Leading Researcher, Center for Macroeconomic Studies, Financial University under the Government of the Russian Federation Moscow, Russia (125993, Moscow, Leningradsky Prospect, 49); e-mail: n.ekimova@bk.ru.
For citation
Ekimova N.A. Factors and Reserves of Labor Productivity Growth in Russia: Concepts and Quantitative Estimates. Bulletin of Ural Federal University. Series Economics and Management, 2019, Vol. 18, No. 6, 944–966. DOI: 10.15826/vestnik.2019.18.6.046.
Article info
Received October 1, 2019; Accepted October 24, 2019.
DOI: http://dx.doi.org/10.15826/vestnik.2019.18.6.046
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