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Labor productivity and its role in the sustainable development of economy: on the example of a region

Author

Listed:
  • Inna Fedulova

    (Altai State Agricultural University, Russian Federation)

  • Olga Yurievna Voronkova

    (Altai State University, Russian Federation)

  • Pavel Zhuravlev

    (Plekhanov Russian University of Economics, Russian Federation)

  • Elena Gerasimova

    (Financial University under the Government of the Russian Federation, Russian Federation)

  • Maria Glyzina

    (Don State Technical University, Russian Federation)

  • Natalia Andreevna Alekhina

    (I.M. Sechenov First Moscow State Medical University, Russian Federation)

Abstract

In this article theoretical aspects of labor productivity and its roles in the stable development of economy are studied. The main purposes of providing the growth of labor productivity as the basis of sustainable economical development are viewed. The relevance of elaboration of a concept of sustainable development of labor is explored. The indicators of the current level of indicators of labor productivity in the regional context and in industries are analyzed. The main problems are identified, the solution of which makes it possible to implement the National project of Labor Productivity and employment support of the Russian Federation. Sustainable economic development is associated not only with the progress of the information technology and innovation industry, but also with the improvement of the labor market where new jobs, professions and personnel are created. In this regard, the relevance of diagnosing labor productivity in the regional aspect is due to the fact that this indicator reflects the effectiveness of the national and regional economies, the production efficiency, characterizes the use of living labor in the production process and ultimately determines the standards of living of the population. In this regard, increasing labor productivity is one of those national goals that are being addressed not only at the federal, but also at a regional level. The higher labor productivity is, the higher economic growth, the level of protection of the national economy from external challenges and threats from the instability of world markets are.

Suggested Citation

  • Inna Fedulova & Olga Yurievna Voronkova & Pavel Zhuravlev & Elena Gerasimova & Maria Glyzina & Natalia Andreevna Alekhina, 2019. "Labor productivity and its role in the sustainable development of economy: on the example of a region," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1059-1073, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1059-1073
    DOI: 10.9770/jesi.2019.7.2(19)
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    2. Filippov Volodymyr, 2020. "Formation of a polyfunctional structure of the system of transition mechanisms of Ukraine to sustainable development," Technology audit and production reserves, Socionet;Technology audit and production reserves, vol. 1(4(51)), pages 24-29.
    3. Francesca Loia & Paola Adinolfi, 2021. "Teleworking as an Eco-Innovation for Sustainable Development: Assessing Collective Perceptions during COVID-19," Sustainability, MDPI, vol. 13(9), pages 1-16, April.

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    More about this item

    Keywords

    labor productivity; sustainable development; region; national project; economic growth;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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