TY - JOUR

T1 - Trends in Labor Productivity and Investment: Empirical Observations

AU - Lavrovskii, B. L.

AU - Goryushkina, E. A.

PY - 2020/3/1

Y1 - 2020/3/1

N2 - Issues are discussed related to Russia’s political and economic objective to become one of the five major economies of the world. It is shown that the continuation of the existing trends in GDP should permit Russia to rise in the coming years from the sixth position to the fifth among the world nations in terms of GDP yet remain in this position only until the end of the 2020s. The authors believe that in the forecast period until 2024, an average annual growth rate of 3% in labor productivity is quite likely. This growth rate suggests better structural ratios for investment and productivity trends and a slightly higher rate of accumulation than at the beginning of the forecast period.

AB - Issues are discussed related to Russia’s political and economic objective to become one of the five major economies of the world. It is shown that the continuation of the existing trends in GDP should permit Russia to rise in the coming years from the sixth position to the fifth among the world nations in terms of GDP yet remain in this position only until the end of the 2020s. The authors believe that in the forecast period until 2024, an average annual growth rate of 3% in labor productivity is quite likely. This growth rate suggests better structural ratios for investment and productivity trends and a slightly higher rate of accumulation than at the beginning of the forecast period.

KW - fixed assets

KW - GDP

KW - innovation

KW - investment

KW - labor productivity

KW - production apparatus

KW - Russia

UR - http://www.scopus.com/inward/record.url?scp=85086358772&partnerID=8YFLogxK

U2 - 10.1134/S1019331620010086

DO - 10.1134/S1019331620010086

M3 - Article

AN - SCOPUS:85086358772

VL - 90

SP - 266

EP - 272

JO - Herald of the Russian Academy of Sciences

JF - Herald of the Russian Academy of Sciences

SN - 1019-3316

IS - 2

ER -