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Opportunities for Growth in Labor Productivity and Output in the EAEU Countries

Author

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  • M. N. Uzyakov

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • E. S. Uzyakova

    (Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

The events taking place in the world require a significant restructuring of the economic system, the formation of closer socio-economic interactions with Russia’s partners, primarily within the framework of Eurasian associations. The development and deepening of integration ties can contribute to the growth of the economies of allied countries and the expansion of national labor markets, which is especially important in the context of increasing restrictions on the part of labor resources in individual countries. The article examines the main characteristics of the labor markets of the countries of the Eurasian Economic Union (EAEU), highlighting common features and differences. Based on the methodology developed by the authors (using correlation and regression analysis methods), the growth of labor productivity in the long term is assessed for each country of the Union. In accordance with demographic forecast calculations, an assessment is given of the growth in the number of employed people in national labor markets, as well as the possibility of increasing labor migration. As a result of the comparison of the obtained forecast estimates, the possibilities for economic growth of the allied countries are determined.

Suggested Citation

  • M. N. Uzyakov & E. S. Uzyakova, 2025. "Opportunities for Growth in Labor Productivity and Output in the EAEU Countries," Studies on Russian Economic Development, Springer, vol. 36(1), pages 10-20, February.
    • Handle: RePEc:spr:sorede:v:36:y:2025:i:1:d:10.1134_s1075700724700485
    DOI: 10.1134/S1075700724700485
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    References listed on IDEAS

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    1. Kuboniwa, Masaaki & 久保庭, 眞彰 & クボニワ, マサアキ, 2011. "Russian Growth Path and TFP Changes in Light of the Estimation of Production Function using Quarterly Data," RRC Working Paper Series 30, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
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    4. Nienke Oomes & Oksana Dynnikova, 2006. "The Utilization-Adjusted Output Gap: Is the Russian Economy Overheating?," IMF Working Papers 2006/068, International Monetary Fund.
    5. Masaaki Kuboniwa, 2011. "The Russian growth path and TFP changes in light of estimation of the production function using quarterly data," Post-Communist Economies, Taylor & Francis Journals, vol. 23(3), pages 311-325.
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