Journal of Applied Economic Research
ISSN 2712-7435
Productivity, Profitability and Intensity of Labor: Russia and the Oecd
Kireev V.E.
Abstract
Abstract. The problem of raising the productivity of labor has been a priority of the ruling elite for decades. This problem was acute in imperial Russia where there were only the beginnings of industrialization, in the communist economy, mainly with ideological underpinnings. With time, the problem has not been solved, whereas the mechanisms of impact have become more complex and many factors of influence affecting this indicator have emerged. The study assesses the productivity, profitability, and intensity of labor in Russia and the OECD countries between 2000 and 2014. Numerous studies show that higher productivity and labor intensity contribute to structural changes in the economy; the flow of reallocation processes in the labor market affect the welfare of the population. Labor profitability and labor intensity have a big impact on the economic and society and employment. This indicates the important role of the indicators of labor efficiency, which is the main reason for their combined assessment. By means of descriptive analysis the author revealed that the level of the indices of Russia's economy is the lowest, while the intensity of labor has been increasing. The dynamic aspect shows that the highest labor productivity and profitability growth during the analyzed period is observed in Russia. In addition, a comparison of the rate of growth of labor yields and an increase in foreign direct investment showed that the greatest capital growth observed in those areas occurs in the areas where labor profitability increases. Therefore, the long-term economic policy should focus on the performance indicators of labor: productivity, profitability, intensity. As a result, positive aspects are observed not only in overall economic development, but also in part, in the inflow of investment to the territory, which is necessary in today's situation.
Keywords
Key words: labor; labor productivity; labor profitability; labor intensity; investment; OECD
About Authors
Kireev Valery Evgenyevich – Post-Graduate Student, Orel State University after named I.S. Turgenev, Orel, Russia (302001, Orel, Komsomolskaya street, 41); e-mail: kireevve@bk.ru.
DOI: http://dx.doi.org/10.15826/vestnik.2017.16.2.016
Download full text article:
~605 KB, *.pdf
(Uploaded
07.04.2017)
Created / Updated: 2 September 2015 / 20 September 2021
© Federal State Autonomous Educational Institution of Higher Education «Ural Federal University named after the first President of Russia B.N.Yeltsin»
Remarks?
select the text and press:
Ctrl + Enter
Portal design: Artsofte
Contact us
Rector's Office
Rector, Dr. Victor Koksharov
Tel. +7 (343) 375-45-03, e-mail: rector@urfu.ru
Vice-Rector for International Relations, Dr. Maxim Khomyakov
Tel. +7 (343) 375-46-27, e-mail: Maksim.Khomyakov@urfu.ru