Analysis of the Labour Productivity Impact on Indicators of Economic Growth at the National, Sub-Federal, and Regional Levels

2021 ◽  
pp. 198-215
Author(s):  
Svetlana A. Samusenko ◽  
Keyword(s):  
Economic Growth ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Federal District ◽  
Krasnoyarsk Krai ◽  
Real Wages ◽  
Labour Productivity Growth ◽  
Per Capita ◽  
Constant Prices

Labour productivity has a predominant impact on economic growth and the rate of postcrisis economic recovery. The increase in labour productivity, in turn, depends on the employed population’s standard of living. A comparative longitude analysis of these indicators’ dynamics reveals the potential for the economic growth of the territory. The historically determined asymmetry in the economic development of Russian regions requires analysis carried out at the national, sub-federal (federal districts), and regional levels. In the study, the author evaluates the dynamics of the per capita gross regional product (GRP), labour productivity, and real wages in constant prices at purchasing power parity for Russia, the Siberian Federal District, and Krasnoyarsk Krai. The results of this analysis allow comparing economic growth and labour productivity growth in Russia and Russian regions with international trends. The author has found that labour productivity per working hour measured in constant prices in Russia, Siberia, and Krasnoyarsk Krai is several times lower than the corresponding indicators of countries leading in productivity and economic growth. The dynamics of per capita GRP and labour productivity, measured both in current and constant prices, is positive. The statistical relationship between labour productivity growth and cyclical processes in the national economy is noted; in the crisis and post-crisis periods, there is outstripping growth in labour productivity due to the mobilization of the workers’ labour potential. The economy of the Siberian Federal District has been characterized by a steady excess of the growth rate of labour productivity over the growth rate of per capita GRP, while in Krasnoyarsk Krai and Russia this trend has manifested since 2014 with the onset of the crisis. This process indicates a change in the mechanisms of economic growth: with the entry into the crisis phase, human labour, as well as its efficiency, becomes the only significant factor in maintaining the stability of national and regional economies. The obtained results also show the depressive impact of a long-term decline in real wages on labour productivity and economic growth during the economic crisis. The structural analysis demonstrates that labour productivity growth has a strong positive effect on economic growth, while the growth of the employment rate has a moderate positive effect. A decline in the share of the working-age population in the demographic structure has a pronounced negative impact on economic growth in the long-term period. The study results can be used in the development of national and regional policies related to stimulating economic growth.

scholarly journals Labour productivity growth slowdown: An effect of economic stagnation rather than its cause?

2017 ◽  
Vol 67 (s1) ◽  
pp. 67-77 ◽  
Author(s):  
Leon Podkaminer
Keyword(s):  
Economic Growth ◽  
Productivity Growth ◽  
Technological Progress ◽  
Labour Productivity ◽  
Output Growth ◽  
Global Level ◽  
Labour Productivity Growth ◽  
Economic Stagnation ◽  
Term Data

This paper reports the results of an econometric examination on the links between labour productivity and output growth for 22 countries (for which long-term data are available). It turns out that, generally, labour productivity does not “cause” output. In more cases, the causation seems to be running in the opposite direction: from output to productivity. This finding, though inconsistent with the “mainstream” ideas on the sources of long-term economic growth, is reminiscent of the classical Kaldor-Verdoorn Law. The progressing slowdown in output growth on the global level, initiated around the mid-1970s (when the process of discarding the earlier economic policy paradigms set in), may have been mirrored by the progressing slowdown in productivity growth (and that despite the hardly disputable acceleration of technological progress).

scholarly journals Influence of farm milk prices in the EU 25 on profitability and production volume indicator

2008 ◽  
Vol 53 (No. 12) ◽  
pp. 545-557
Author(s):  
F. Střeleček ◽  
R. Zdeněk ◽  
J. Lososová
Keyword(s):  
Milk Yield ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Production Volume ◽  
Labour Productivity Growth ◽  
Main Determinants ◽  
The Individual ◽  
Productivity Dynamics ◽  
The Eu

The paper analyses the development of milk prices and effectiveness and economy of holdings included in the particular production category of “411 Milk” and their relations. The influence of prices on profitability, elasticity of production, labour productivity dynamics, effectiveness of long-term assets and resulting cost changes are discussed in particular. Milk profitability was not significantly influenced by different prices in the individual states. The variation of prices in time was more important. The production is supposed to grow with delay. Milk yield (per cow and year) and number of cows per worker are the main determinants of labour productivity growth in the in-kind expression. The influence of prices on labour productivity in monetary expression among individual states is not as important as was supposed.

Productivity Growth, Structural Change and Informality: The Case of Russia

2015 ◽  
pp. 30-61 ◽  
Author(s):  
I. Voskoboynikov ◽  
V. Gimpelson
Keyword(s):  
Structural Change ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Alternative Methods ◽  
Industry Effects ◽  
Labour Productivity Growth ◽  
Russian Economy ◽  
Negative Effect ◽  
Total Labour

This study considers the influence of structural change on aggregate labour productivity growth of the Russian economy. The term "structural change" refers to labour reallocation both between industries and between formal and informal segments within an industry. Using Russia KLEMS and official Rosstat data we decompose aggregate labour productivity growth into intra-industry (within) and between industry effects with four alternative methods of the shift-share analysis. All methods provide consistent results and demonstrate that total labour reallocation has been growth enhancing though the informality expansion has had a negative effect. As our study suggests, it is caused by growing variation in productivity levels across industries.

Improving management as a way to increase labour productivity

Upravlenie ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 24-30
Author(s):  
A. O. Ivanov
Keyword(s):  
Productivity Growth ◽  
Labour Productivity ◽  
Production Costs ◽  
Managerial Practices ◽  
Industrial Enterprises ◽  
Labour Productivity Growth ◽  
Period 2 ◽  
Main Factors ◽  
The Moment

The article gives an overview, performs analysis and classification of successful managerial practices applied at Russian industrial enterprises in the framework of the national project “Labour productivity and employment support”. The paper emphasizes the main factors of labour productivity growth as follows: investment policy, growth of human capital, and efficient use of managerial capital of enterprise. In order to determine the need of enterprises to increase labour productivity, the author proposes four universal criteria that signal the existing inefficiency even before the loss of competitiveness: 1) the dynamics of labour productivity in the company is not positive during a given period; 2) the company is behind competitors by labour productivity indicator; 3) the company is behind competitors by labour productivity growth rates indicator for a certain period; 4) unit production costs rise. These criteria allow you to take into account the situation both within the enterprise and in comparison with other enterprises. Each criteria can be considered separately or in combination with the others, applied to enterprises of different industries, specialization, and scale. Criteria indicate the direction of development in which the company is experiencing difficulties at the moment, or may experience them in the future.

scholarly journals Services Sector in Lithuania: Labour Productivity as a Factor of Growth

Ekonomika ◽  
2008 ◽  
Vol 81 ◽  
Author(s):  
Jolanta Žemgulienė
Keyword(s):  
Growth Rate ◽  
Comparative Analysis ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Value Added ◽  
Service Industries ◽  
Services Sector ◽  
Labour Productivity Growth ◽  
Empirical Regularities ◽  
The Relationship

This paper examines the tendencies of Lithuanian services sector’s value added and labour productivity during 1995-2006. Comparative analysis of the average annual labour productivity growth in manufacturing and service industries reveals arguments supporting the W. Baumol’s consideration that there can be sporadic productivity increases in nonprogressive sectors. During 1995-2000, labour productivity growth in services exceeded productivity growth in manufacturing. The paper offers an interpretation of the Verdoom law for empirical regularities of the relationship between the cross-sectorial labour productivity growth rate and the value added growth rate.

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