Abstract
In this paper, a group of authors attempted to investigate the effect of labor productivity on the socio-economic indicators of the Russian Federation. Productivity growth is one of the main sources of economic growth, at the same time, Russia still has the problem of low labor productivity. In the present study it is attempted to identify the main reasons for the low efficiency of the national economy, as well as to search for possible ways out of the situation. In the course of the work was investigated the dynamics of indicators of labor productivity and efficiency of the Russian economy. The methodology of the study includes logical foundations of system analysis, moreover, applied the methods of theoretical, statistical and economic research. As a result, it was concluded that the growth of labor productivity average is the main reserve of Russian economy. The problem of low labor productivity is relevant at either levels of individual economic entities, and country’s economy in particular, therefore, this work may be of interest to a wide audience. In addition, the problems of performance management are also relevant at the level of management of individual economic entities and may be used to maximize the efficiency of main resources in a particular company.
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