Abstract
Based on Rosstat data, the trends and factors determining labor productivity in modern Russia are assessed. It is shown that the main trend in the development of the Russian economy is a decrease in the growth rate of labor productivity. It is shown that the influence of wages and accumulated fixed capital on labor productivity is equivalent. At the same time, with a high level of confidence, labor productivity is determined by the amount of wages, and the advance of wage growth in relation to productivity growth largely determines the growth of labor productivity.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
