STRUCTURAL AND SECTORAL FACTOR OF LABOUR PRODUCTIVITY GROWTH IN RUSSIA
Changes in the level of labour productivity (LP) in the Russian economy during recent decades are considered in this article. The carried-out calculations allow one to conclude that there is extremely high differentiation in the level of LP in the main branches of the Russian economy. The differences between some of them reach significant values, which indicates the extremely poor performance of the channels of intersectoral overflow of capital, labour and finance. At the same time, the existing sectoral differentiation of the level of labour productivity tends to increase. It is possible to say that the country has established a regime of sectoral autonomy, when the sectors of the economy operate without the transfer of technology between themselves and without active borrowing from outside. The calculations have shown that structural and sectoral shifts have provided more than 2/3 of the increase in LP, which indicates the sluggishness of domestic factors of growth of LP sectors of the Russian economy. Cross-country analysis of LP and the size of the technological frontier suggests that all industries in Russia today are not ready to create their own technological innovations based on research and development. In this regard, it is possible to say that the country needs to borrow technologies in the most active way for catch-up development. Analysis of the results of the nationwide contest “Labour Productivity: Leaders of Industry of Russia” allowed the authors to establish the fact that there is great potential of Russia’s own advanced technological solutions, which means that it has large reserves for borrowing technologies from local companies that are the flagships of the national economy.