Economic Growth and Labour Productivity

Evgeny Kapustin
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Evgeny Kapustin: Corresponding Member USSR Academy of Sciences

Chapter 7 in Economic Growth and Resources, 1980, pp 130-144 from Palgrave Macmillan

Abstract: Abstract There is more and more dependence in all countries on intensive methods to achieve economic growth.1 By this is meant more efficient use of the whole group of factors of production; it is equivalent to an increase in the productivity of all labour. In a developed socialist society this has unquestionable priority over extensive development, although the latter can never be wholly excluded. The ecological and economic limits to the increase of the volume in which the usual types of fuel and raw materials can be extracted, and the inevitable resort to less rich and less favourably located mineral sources, together with current demographic trends, inevitably imply increasing dependence on intensive growth.

Keywords: Labour Productivity; Technological Progress; Socialist Country; Labour Productivity Growth; Soviet Economist (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-04063-6_7

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