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

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.

1. Zhuravlev D., Chaadaev V. Strategizing for productivity growth in digital economy. Strategizing: Theory and Practice. 2024;4(3):298–314. (In Russ.). https:// doi.org/10.21603/2782-2435-2024-4-3-298-314

2. Belov V.I. Labor productivity as a tool for increasing economic growth and social well-being of Russian citizens. Administrative Consulting. 2020;(8):123–131. (In Russ.). https://doi.org/10.22394/1726-1139-2020-8-123-131

3. Romanova N.V. The relationship between labor productivity indicators and economic growth: aspects of the interaction of the real sector of the economy on the national system of social reproduction. Finansovye rynki i banki. 2024;(4):261–266. (In Russ.)

4. Chizhova E.N., Balabanova G.G. Reserves for growth of labor productivity of an industrial enterprise as a component of its development potential. Economics. Information Technologies. 2024;51(1):107–120. (In Russ.). https://doi.org/10.52575/2712-746X-2024-51-1-107-120

5. Merkulova E.Y. The effect of labor productivity on economic growth. Statistics and Economics. 2019;16(2):34–44. (In Russ.). https://doi.org/10.21686/2500-3925-2019-2-34-44

6. Kvint V.L., Novikova I.V., Alimuradov M.K., Sasaev N.I. Strategizing the national economy during a period of burgeoning technological sovereignty. Administrative Consulting. 2022;(9):57–67. (In Russ.). https://doi.org/10.22394/1726-1139-2022-9-57-67

7. Dolzhenko R.A., Dolzhenko S.B., Malyshev D.S. The methodology for increasing the organizational efficiency of the enterprise. MIR (Modernization. Innovation. Research). 2023;14(1):76-93. (In Russ.). https://doi.org/10.18184/2079-4665.2023.14.176-93

8. Avdeeva D. The contribution of human capital to economic growth in Russia. HSE Economic Journal. 2024;28(1):9–43. (In Russ.). https://doi.org/10.17323/1813-8691-2024-28-1-9-43

9. Akaev A.A., Sadovnichy V.A. The human component as a determining factor of labor productivity in the digital economy. Studies on Russian Economic Development. 2021;32(1):29–36.

10. Fedulova I., Voronkova O.Y., Zhuravlev P., Gerasimova E., Glyzina M. Alekhina N.A. Labor productivity and its role in the sustainable development of economy: On the example of a region. Entrepreneurship and Sustainability Issues. 2019;7(2):1059–1073. https://doi.org/10.9770/jesi.2019.7.2(19)

11. Zhuravlev D.M., Chaadaev V.K. Strategy of national and economic security. Administrative Consulting. 2023;(4):16–29. (In Russ.). https://doi.org/10.22394/1726-1139-2023-4-16-29

12. Baranov E.F., Bessonov V.A. A view at the Russian economic transformation. Voprosy Ekonomiki. 2018;(11):142–158. (In Russ.). https://doi.org/10.32609/0042-8736-2018-11-142-158

13. Brushko A.I., Ostrovskaya N.V. Analytical material on foreign models of sectoral industrial policy in the framework of identifying effective tools to support powerhouse industries. Ehkonomicheskie nauki = Economic Sciences. 2024;(233):297–302. (In Russ.). https://doi.org/10.14451/1.233.297

14. Sasaev N.I., Kvint V.L. Strategizing the industrial core of the national economy. Russian Journal of Industrial Economics. 2024;17(3):245–260. (In Russ.). https://doi.org/10.17073/2072-1633-2024-3-1349

15. Kvint V.L., Novikova I.V., Alimuradov M.K. Alignment of global and national interest with regional strategic priorities. Economics and Management. 2021;27(11):900–909. (In Russ.). https://doi.org/10.35854/1998-1627-2021-11-900-909

16. Кондратьев Н.Д. Большие циклы конъюнктуры и теория предвидения. М.: Экономика; 2002. 768 с.

17. Sadovnichy V.A., Akaev A.A., Il’inI.V., Malkov S.Yu., Grinin L.E., Korotaev A.V. Trends in the development of the World System from the perspective of a macrohistorical approach: a brief analysis. Istoriya i sovremennost’. 2022;(2(44)):124–138. (In Russ.). https://doi.org/10.30884/iis/2022.02.06

18. Akaev A.A., Sadovnichy V.A. Mathematical model for forecasting global demographic dynamics in the era of using intelligent machines. Vestnik Rossiiskoi akademii nauk. 2022;92(9):877–884. (In Russ.). https://doi.org/10.31857/S0869587322090031

19. Prigogine I., Stengers I. Order out of chaos: Man’s new dialogue with nature. London: Verso; 2018. 386 p.

20. Zhuravlev D.M., Glukhov V.V. Strategizing of economic systems digital transformation: a driver on innovative development. St. Petersburg State Polytechnical University Journal. Economics. 2021;14(2):7–21. https://doi.org/10.18721/JE.14201

21. Акаев А.А., Садовничий В.А. Математические модели для прогнозирования большого цифрового цикла развития мировой экономики (2020–2050 гг.). М.: Издательство Московского университета; 2023. 675 с.

22. Akaev A.A. Nikolai Kondratiev’s epoch-making discoveries and their impact on contemporary economic science. AlterEconomics. 2022;19(1):11–39. (In Russ.).

23. Sadovnichiy V.A., Akaev A.A., Ilyin I.V., Malkov S.Yu., Grinin L.E., Andreev A.I., Korotayev A.V. The society of the future and transition to it. Istoriya i sovremennost’. 2023;(1(47)):88–106. (In Russ.). https://doi.org/10.30884/iis/2023.01.04

24. Kvint V.L., Khvorostyanaya A.S., Sasaev N.I. Advanced technologies in strategizing. Economics and Management. 2020;26(11):1170–1179. (In Russ.). https://doi.org/10.35854/1998-1627-2020-11-1170-1179

25. Квинт В.Л. Концепция стратегирования. Кемерово: КемГУ; 2020. 170 с. https://doi.org/10.21603/978-5-8353-2562-7

26. Porokhovskiy A. Digitalization and productivity. USA & Canada: Economics – Politics – Culture. 2019;49(8):5–24. (In Russ.). https://doi.org/10.31857/S032120680005964-4

27. Журавлев Д.М. Стратегирование цифровой трансформации сложных социально-экономических систем. Под науч. ред. В.Л. Квинта. СПб.: СЗИУ РАНХиГС; 2024. 352 с.

28. Efanov V.A., Chaadaev V.K., Shlyakhov A.S. Strategizing of digital transformation of an industrial enterprise (on the example of Federal State Unitary Company “Russian Television and Radio Broadcasting Network”). Russian Journal of Industrial Economics. 2023;16(1):95–104. (In Russ.). https://doi.org/10.17073/2072-1633-2023-1-95-104

29. Nalivaichenko E.V., Kiril’chuk S.P. Increased labor productivity with the transition to smart manufacturing technologies in industry. Ehkonomika i upravlenie: teoriya i praktika = Economy and Management: Theory and Practice. 2024;10(1):82–88. (In Russ.)

30. Kudryavtseva S.S., Khaliulin R.A. Process approach in industrial enterprise management using Industry 4.0 tools. Competency (Russia). 2022;(6):36–41. (In Russ.). https://doi.org/10.24412/1993-8780-2022-6-36-41

31. Fedotenkov I., Gupta R. The effects of public expenditures on labour productivity in Europe. Empirica. 2021;48(4):845–874. https://doi.org/10.1007/s10663-021-09505-w

32. Fedotenkov, I., Kvedaras V., Sanchez-Martinez M. Employment protection and labour productivity growth in the EU: skill-specific effects during and after the Great Recession. Empirica. 2024;51(1):209–262. https://doi.org/10.1007/s10663-023-09585-w

33. Savicheva E.Yu., Pavlyuk V.P. An econometric study of the impact of fixed capital investment on labor productivity. Economics and Management. 2022;28(9):923–931. (In Russ.). https://doi.org/10.35854/1998-1627-2022-9-923-931

34. Lee J.K. The impact of transport infrastructure on productivity, employment center growth, and land values in the Seoul region. The Bartlett School of Planning University College London; 2019. 315 p.

35. Akaev A.A., Rudskoy A.I. Convergent ICT as a key factor of a technological progress in the coming decades and their impact on world economic development. International Journal of Open Information Technologies. 2017;5(1):1–18. (In Russ.)