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S. N. Rastvortseva

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Author: S. N. RastvortsevaYear: 2017clear all
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4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017
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
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