Year: 2021
Type: article
Abstract: Purpose.Modern conditions of socio-economic development lead to structural changes in the economy.Structural changes are of particular relevance due to their influence on the change in the performance of economic sectors.Methodology.We analyzed structural changes in the economy of the Russian Federation and identified their impact on labor productivity in this study.Approach.We calculated indicators of structural differences between economic activities.We performed a factor analysis of changes in the average labor productivity in the economy.The study made it possible to draw a number of conclusions regarding the structural and dynamic changes in the economy and changes in labor productivity in the Russian Federation.Findings.Significant differences in the types of economic activity of the Russian Federation by indicator of the structure of gross value added and the number of employees were in 1995-2019.A low significant level of differences in structures is observed in terms of the volume of investments in fixed capital.There is a movement of labor force into employment in a less productive service sector.The proposed methodology for analyzing structural changes using the indices of structural differences and the system of indices of changes in average labor productivity has practical value.
Source: MONTENEGRIN JOURNAL OF ECONOMICS
Author: Guzel Salimova
Institution: Bashkir State Agrarian University
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3206689106