Economic Analysis: Theory and Practice

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
Google Scholar

Online available



Cyberleninka (12 month OA embargo)

Labor productivity, remuneration and living standards: Problems and prospects for improvement

Vol. 18, Iss. 1, JANUARY 2019

Received: 18 October 2018

Received in revised form: 29 October 2018

Accepted: 12 November 2018

Available online: 29 January 2019


JEL Classification: D24, D60, J08, J17, O47

Pages: 40–53

Zhmachinskii V.I. Volga State University of Water Transport, Nizhny Novgorod, Russian Federation

ORCID id: not available

Cherneva R.I. Volga State University of Water Transport, Nizhny Novgorod, Russian Federation

ORCID id: not available

Subject To accelerate the economic recovery after recession, a long-term strategy is required to improve economic efficiency and competitiveness. A new growth paradigm is needed, based on productivity rather than on a favorable commodity market environment.
Objectives Economic growth is achievable through extensive and intensive sources. Priority of choosing the second way sets tasks in the field of productivity growth, renewal of production and management technologies, sufficient financing of science. The task of improving the quality of education, expanding the opportunities of retraining, acquiring modern competencies is especially acute.
Methods The paper employs principles and methods of research, like abstraction, analysis and synthesis, grouping and comparison, analogy, and modeling.
Results We analyze reasons for a decrease in labor productivity, prove the correlation between the labor productivity, remuneration and economic growth. The paper shows the need for an urgent increase in labor productivity to restore the leading positions in the world.
Conclusions The need to comply with economic laws needs no proof, and ignoring the methodological background in the field of manpower productivity has resulted in crisis phenomena and stagnation. Extension of retirement age being an extensive way of increasing the produced commodity mass demonstrates a rejection of intensive factors of production development.

Keywords: labor productivity, remuneration, living standards, life quality, economic growth


  1. Endovitskii D.A, Lyubushin N.P., Babicheva N.E. [Resource-oriented economic analysis: Theory, methodology, practice]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2013, no. 38, pp. 2–8. URL: Link (In Russ.)
  2. Petish K. [Russia: A problem and challenges of accelerated development]. Ekonomist = Economist, 2018, no. 5, pp. 8–23. (In Russ.)
  3. Kleiner G.B. [The resource theory of the systems organization of economy]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2011, vol. 9, no. 3, pp. 3–28. URL: Link (In Russ.)
  4. Knyazev Yu. [On the national economic planning in the Russian market economy]. Ekonomist = Economist, 2018, no. 6, pp. 3–7. (In Russ.)
  5. Maier V.F. Uroven' zhizni naseleniya SSSR [Standard of living of the USSR population]. Moscow, Mysl' Publ., 1997, 357 p.
  6. Grayson J.C.Jr., O'Dell C. Amerikanskii menedzhment na poroge XXI veka [American Business: A Two-Minute Warning]. Moscow, Ekonomika Publ., 1991, 320 p.
  7. Kapelyushnikov R. [Labor productivity versus labor compensation: Some simple arithmetic]. Voprosy Ekonomiki, 2014, no. 3, pp. 36–61. (In Russ.)
  8. L'vov D.S. [National Property System: An alternative to the current rate]. Svobodnaya mysl'-XXI, 2005, no. 12, pp. 17–31. (In Russ.)
  9. L'vov D.S. [Economic science and development of Russia]. Vestnik Rossiiskoi akademii nauk = Herald of Russian Academy of Sciences, 1999, vol. 69, no. 8, pp. 722–749. (In Russ.)
  10. Tugan-Baranovskii M.I. Izbrannoe. Russkaya fabrika v proshlom i nastoyashchem [Selecta. The Russian factory in the past and at present time]. Moscow, Nauka Publ., 1997, 735 p.
  11. Cherneva R.I. [Decent work and fair wages as the basis for sustainable economic growth]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2014, no. 1, part 3, pp. 800–804. (In Russ.)
  12. Komarov V., Litvina N. [The world economy and its prospects]. Ekonomist = Economist, 2018, no. 7, pp. 14–18. (In Russ.)

View all articles of issue


ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 18, Iss. 7
July 2019