Issues are discussed related to Russia’s political and economic objective to become one of the five major economies of the world. It is shown that the continuation of the existing trends in GDP should permit Russia to rise in the coming years from the sixth position to the fifth among the world nations in terms of GDP yet remain in this position only until the end of the 2020s. The authors believe that in the forecast period until 2024, an average annual growth rate of 3% in labor productivity is quite likely. This growth rate suggests better structural ratios for investment and productivity trends and a slightly higher rate of accumulation than at the beginning of the forecast period.
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This work was supported by the Ministry of Science and Higher Education of the Russian Federation, project no. 26.2024.2017/4.6.
Translated by A. Kobkova
Boris Leonidovich Lavrovskii, Dr. Sci. (Econ.), is a leading scientific researcher of the Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences, and a professor at Novosibirsk State Technical University. Ekaterina Alekseevna Goryushkina, Cand. Sci. (Econ.), is a scientific researcher at the Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences, and a docent of Novosibirsk State Technical University.
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Lavrovskii, B.L., Goryushkina, E.A. Trends in Labor Productivity and Investment: Empirical Observations. Her. Russ. Acad. Sci. 90, 266–272 (2020). https://doi.org/10.1134/S1019331620010086
- fixed assets
- production apparatus
- labor productivity