
Publication
ASSESSMENT OF THE LABOR FACTORS IMPACT ON THE ECONOMIC GROWTH OF THE REGION: EVIDENCE FROM RUSSIA
(STEF92 Technology, 2017, S. N. Rastvortseva)
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Labor productivity is the most important factor in the economic growth of the region. Traditional production functions assess the contribution of labor resources to three-fourths of the total one. But today there are new factors, the inclusion of which in the model is necessary, since they determine the key forces of economic development, iden-tify the direction of regional policy. Economic growth, according to neoclassical theory and the theory of endogenous growth, is influenced by labor resources: population de...
SOCIAL SCIENCES: Section Economics and Finance2017
