Factors of labour productivity growth of the industrial sector in the context of the economic restructuring

D. M. Zhuravlev (), V. K. Chaadaev () and E. B. Mikheev ()

Russian Journal of Industrial Economics, 2025, vol. 18, issue 1

Abstract: Labour productivity growth is a fundamental factor of improving the national welfare, competitiveness, and life standard and life quality of the population. For the subjects of economic activity, labour productivity growth means increased profits and expanded opportunities for creating new goods and services, growth of value chains for employees, higher salaries and improved working conditions. Thus, labour productivity growth has always been one of the most important challenges for managers of all levels. The purpose of the article is to analyze statistic data, to formalize the priority trends and factors of labour activity growth of the industrial sector of economy. In recent years labour productivity in Russia has been changing multidirectionally as by the end of 2021 it increased by 3.7%, compared to 2020, and in 2022 it decreased by 3.6% compared to 2021; in 2023 the growth recovered, but not by much – only by 1.7%. To discover the points of growth the authors have carried out comparative analysis of the labour productivity dynamics by the types of economic activity that are considered as critical. The results obtained indicate the need for creating proper advanced development strategies, which requires relevant methodology and tool set. It is pointed out that digital platforms that are a significant factor in the growth of production efficiency are the basis of such tools. The authors have formalized the list of economic processes and the corresponding measurable indicators of the company’s operational activity directly affecting labour productivity; they also have created an application program that makes it possible to carry out imitative modelling of the processes’ dynamics and use it as a basis for finding an optimum development strategy. The authors see further research directions in the in-depth study of systemic patterns and structural and dynamic aspects of the possibilities of increasing labor productivity.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2025:id:1425

DOI: 10.17073/2072-1633-2025-1-1425

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