Estimating the role of labor resources reallocation between sectors on the growth of aggregate labor productivity in the Russian economy
Savin, Ivan (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Letyagin, Denis K. (Ural Federal University)

Fecha:	2022
Resumen:	Relevance. Economic growth can be achieved in two different ways: through technological improvements and reallocation of market shares from less to more productive units. Despite the significant research literature on innovation in Russia, the literature on market selection, especially at the sectoral level, is rela-tively scarce. This is the research gap that this study aims to address. Research objective. The article assesses how labor resource reallocation between sectors has influenced the dynamics of aggregate labor productivity in the Russian economy over the past two decades. Data and methods. For this purpose, the growth of aggregate labor productivity was decomposed into the growth of productivity within the sectors themselves and the reallocation of labor resources between them. This allowed us to conduct a quantitative estimation of the role of market selection at the sectoral level. For our study, we used data from Rosstat (from 2002 to 2018) and the World In-put-Output Database (from 2000 to 2014). Results. For Rosstat data, the ratio of the effect of changes in labor productivity and labor resource reallocation by sector on total labor productivity over the period was 0. 71/0. 29, and for WIOD data it was 0. 44/0. 56. This indicates that labor resources are more likely to be reallocated to related sectors (e. g. between manufacturing industries). Conclusions. The results suggest that there is competitive market selection at the sectoral level and that labor has generally been reallocated to more productive sectors of the economy, contributing significantly to the growth of aggregate productivity in the economy. Our study shows the sectors of the economy where this reallocation has taken place, which may help to determine where this process is successful and where it needs additional stimulation.
Nota:	Unidad de excelencia María de Maeztu CEX2019-000940-M
Derechos:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Lengua:	Anglès
Documento:	Article ; recerca ; Versió publicada
Materia:	Competition ; Competitive selection ; Decomposition ; Labor productivity ; Productivity growth ; Resource allocation ; Structural change ; Value added ; SDG 8 - Decent Work and Economic Growth
Publicado en:	R-Economy, Vol. 8, Num. 1 (March 2022) , p. 57-67, ISSN 2412-0731

DOI: 10.15826/recon.2022.8.1.005

11 p, 980.1 KB

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