scholarly journals Wage Dynamics and Economic Growth: Russian Realities

2021 ◽  
pp. 68-77
Author(s):  
Evgeny F. Vinokurov
Keyword(s):  
Economic Growth ◽  
Labor Productivity ◽  
Russian Federation ◽  
Disposable Income ◽  
First Year ◽  
Gdp Growth ◽  
Regression Equations ◽  
Average Salary ◽  
Multiplicative Effect ◽  
The Russian Federation

The article deals with the relationship between the economic growth of Russia and the dynamics of average wages. A joint analysis of wages, GDP, salary output and labor productivity in the Russian Federation for the period 2000–2019 was carried out. The type and parameters of the regression equations connecting these indicators are determined. The analysis allows us to conclude that it is advisable to increase real wages, despite the accompanying slow growth of labor productivity and a decrease in salary. The main argument in favor of this statement is the multiplicative effect that occurs when the average salary in the economy increases. The paper shows that the increase in wages, in addition to the usually taken into account direct multiplicative effect, determined by an increase in the disposable income of the population, there is an additional induced multiplicative effect. The induced effect is explained by the increase in economic activity of the population proved on the Russian statistics with the growth of wages, which leads to an increase in the number of employees, and hence the wage fund and, accordingly, personal disposable income. Thus, by increasing wages, it is possible to improve the financial situation of the employed population, attract additional labor resources to the economy, and achieve GDP growth. The article presents calculations that allow us to estimate the contribution of the direct and induced multiplicative effect to the GDP of Russia for the period of 2000–2017. Based on these calculations, it can be argued that in the Russian Federation at the beginning of the XXI century, the gross domestic product, due to the multiplicative effect of changes in average wages in the first year after such a change, increased or decreased in some years by 6–7%. Although the induced multiplicative effect, as it turned out, is relatively small, there is no reason to neglect it. At the current very low rate of GDP growth, one has to take into account every tenth of a percent of such growth, and calculations have shown that the induced effect calculated for the first year after the change in wages in the period under review reached 0,6% of GDP. The calculations also showed that due to the increase in labor activity associated with an increase in the average salary, the number of people employed in the “white” labor market in Russia in some years increased by about 1%.

State regulation of the sphere of small and medium-sized businesses in the Russian Federation in order to increase its efficiency

2021 ◽  
pp. 30-43
Author(s):  
A.M. Chernyakin ◽  
O. N. Bykova
Keyword(s):  
Economic Growth ◽  
Product Quality ◽  
Labor Productivity ◽  
Russian Federation ◽  
Driving Force ◽  
Structural Transformations ◽  
State Regulation ◽  
The Russian Federation ◽  
The Creation ◽  
New Jobs

Particular attention in the economy of any country is paid to the small and medium-sized enterprise (SME) sector, since it is this sector that is the driving force of economic growth, which is confirmed by a number of studies. Obviously, the numerical superiority of small and mediumsized companies over large ones. Consequently, SMEs provide a significant share of the population with income and jobs. The quantitative growth of the sector contributes to the creation of new jobs, an increase in competition and labor productivity, an improvement in product quality, the development of innovations, an increase in the welfare of the population and structural transformations in industries, that is, qualitatively favorable changes in the markets and in the country’s economy.

INNOVATION POTENTIAL MANAGEMENT METHODS OF SMALL AND MEDIUM INNOVATIVE ENTERPRISES

2020 ◽  
Vol 2 (8) ◽  
pp. 48-57
Author(s):  
D. A. AVER’YANOV ◽  
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Basic Principles ◽  
Innovation Potential ◽  
The Russian Federation ◽  
Innovative Potential ◽  
Management Functions

Based on the analysis of existing approaches, basic principles and management functions, a methodology for managing the innovative potential of small and medium-sized innovative enterprises has been developed. The activation of MSIP and the management of innovative potential are important scientific tasks, the solution of which will allow the Russian Federation to achieve the necessary rates of economic growth and ensure technological independence.

MEDICAL SAVINGS ACCOUNTS AS A TOOL FOR INCREASING DOCTORS ' SALARIES AND MOTIVATING RUSSIAN CITIZENS TO HIGH-PERFORMANCE WORK AND A HEALTHY LIFESTYLE

2020 ◽  
Vol 2 (7) ◽  
pp. 24-31
Author(s):  
E. V. SOKOLOV ◽  
◽  
E. V. KOSTYRIN ◽  
Keyword(s):  
Labor Productivity ◽  
Russian Federation ◽  
High Performance ◽  
Healthy Lifestyle ◽  
Medical Personnel ◽  
Increase Labor Productivity ◽  
Healthcare Financing ◽  
Savings Accounts ◽  
Medical Savings Accounts ◽  
The Russian Federation

The article proves that it is impossible to achieve a significant increase in the salary of medical personnel within the existing system of healthcare financing of the Russian Federation, namely, in accordance with the “may” Decrees of 2012 by V. V. Putin, to bring the salary of doctors to a level twice higher than the average for the region by 2018. It is proved that to achieve the necessary results in terms of increasing doctors’ salaries and motivating citizens to increase labor productivity and a healthy lifestyle, it is necessary to transfer the system of healthcare financing within the framework of obligatory medical insurance to medical savings accounts.

К ВОПРОСУ ФОРМИРОВАНИЯ ДЕЛОВОГО КЛИМАТА В УСЛОВИЯХ ЦИФРОВИЗАЦИИ ЭКОНОМИКИ

2020 ◽  
Vol 96 (3s) ◽  
pp. 97-100
Author(s):  
С.И. Боков ◽  
В.Л. Гладышевский ◽  
У.А. Пестун
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Russian Federation ◽  
The Russian Federation ◽  
Complex Technical Systems ◽  
Technical Systems ◽  
State Programs

В работе изложены актуальные вопросы, связанные с планируемыми Министерством экономического развития Российской Федерации изменениями в стратегии экономического роста и реформой государственных программ, напрямую затрагивающих производство сложных технических систем. Также рассмотрены контроллинговые задачи научно-исследовательских структур, требующие административной основы, наравне с ранее принятыми решениями по цифровизации управления и его элементов. The paper outlines current issues related to the changes planned by the Ministry of Economic Development of the Russian Federation in the strategy of economic growth, as well as the reform of state programs that directly affect the production of complex technical systems. Besides, it proposes controlling tasks of research structures that require an administrative basis, along with previously adopted decisions on the digitalization of management and its elements.

MAIN PROBLEMS OF PUBLIC DEBT MANAGEMENT OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 2 (5) ◽  
pp. 27-31
Author(s):  
I. V. SUGAROVA ◽  
◽  
N. V. TADTAEVA ◽  
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Public Debt ◽  
World Economy ◽  
Debt Management ◽  
Financial Resources ◽  
Modern World ◽  
The Russian Federation ◽  
Public Debt Management

In the modern world economy, most countries lack the financial resources to fully perform their duties and functions to their citizens. The consequence of the increase in borrowing by countries is the growth of public debt. Its management is becoming one of the most acute problems in the current conditions. The article presents the main aspects of this problem, and suggests measures to stimulate the country's economic growth.

A Russian approach to ensuring economic growth

2021 ◽  
Vol 20 (7) ◽  
pp. 1234-1255
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Systems Approach ◽  
Consumption Expenditures ◽  
Goods And Services ◽  
Russian Economy ◽  
Public Consumption ◽  
The Russian Federation ◽  
The Government ◽  
And Cluster Analysis

Subject. The article investigates a Russian approach to ensuring economic growth. Objectives. The aim is to identify the basis of the Russian approach to ensuring economic growth. Methods. The study rests on the systems approach, using the methods of statistical, neural network, and cluster analysis. Results. The paper defines the structural importance of exports of goods and services, and changes in inventories. It highlights significant links with public consumption expenditures. The Russian approach to ensuring economic growth comes down to devaluation of the national currencyб resulting from the loss of the real inflationary potential of economic growth to maintain the volume of exports of goods and services in the context of maintaining public consumption expenditures. The increase in M2 forces the Central Bank of the Russian Federation to increase its foreign exchange reserves. This has a restraining effect on the growth of Russian Ruble’s monetary exchange rate. This phenomenon causes a drop in the Russian federal loan bond (OFZ) index and a replacement of strategic priorities with tactical ones. Conclusions. The basis of the Russian approach to ensuring economic growth is a reflection of the limits of the Russian economy development and the effectiveness of the Government of the Russian Federation.

scholarly journals Ways of intensification of economic growth and activation of investment activities in order to ensure the economic security of the Russian Federation

2021 ◽  
Vol 284 ◽  
pp. 07015
Author(s):  
Lyudmila Kopteva ◽  
Irina Romanova ◽  
Angela Mottaeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Russian Federation ◽  
National Economy ◽  
New Technologies ◽  
Economic Security ◽  
National Accounts ◽  
Investment Activity ◽  
System Of National Accounts ◽  
The Russian Federation

Macroeconomic dynamics is in the focus of attention of the scientific community due to the fact that it characterizes the key trends in the development of the national economy. The basic indicator in the system of national accounts is the gross domestic product (GDP), which in general form is the aggregate value of all goods and services produced within the national economy. GDP is widely used in the analysis of economic growth trends. Economic growth, creating conditions for it – the most important goal of economic development, both within the framework of ensuring the economic security of the entire national economy and at the level of an individual enterprise. Nowadays, economic development is characterized by an accelerated rate of scientific and technological progress: new technologies and approaches are being created that have higher efficiency. From a microeconomic point of view, the main factors of production are labor, capital and information. Fixed capital investments (buildings, structures, machinery and equipment) are a key instrument for renewing fixed assets. Investment activity is the process of renewing the capital of an enterprise as a result of modernizing its technical and technological base, which ensures its economic security. Investments, along with government spending, are key drivers of economic growth. As a result, we can confidently assert the high importance of investment activities, both throughout the country and at the level of individual economic entities, as well as their economic independence. The paper shows the ways to intensify economic growth and intensify investment activities in order to ensure the economic security of the Russian Federation.

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