Impact of Production Factors on Labour Income in Modern Russia

2016 ◽  
Vol 4 (1) ◽  
pp. 29-33
Author(s):  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Human Capital ◽  
Economic System ◽  
New Technologies ◽  
New Technology ◽  
Econometric Models ◽  
Earned Income ◽  
Industrial Economy ◽  
Labour Income ◽  
Production Factors ◽  
Post Industrial

The paper builds econometric models that allow us to evaluate the influence of the main productionfactors, defining the level of labour income in the country. Capital/labour ratio, human capital and new technology explain over 70% of earned income. The effect of changes in the level of human capital on labor income surpasses the effect of changes in capital/labour ratio.The impact of capital/labour ratio has been steadily declining, whereas the influence of human capital and new technologies has been increasing. These arenew factors, the most important ones for the development of post-industrial economy. The growth of their influence shows that the economic system of the country adapts to the prevailing institutional conditionsunfavorable for Russia’s industrial economy.

The Influence of the Factors of Production on Labor Income in the Pre-crisis Economy of Russia

2015 ◽  
Vol 3 (3) ◽  
pp. 9-13 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
New Technologies ◽  
Institutional Environment ◽  
Econometric Models ◽  
Labor Income ◽  
Production Factors ◽  
Main Production ◽  
Basic Production ◽  
The Impact

The econometric models constructed in work have established the basic production factors determining the level of the labor income in the country. Capital-labor, human capital and new technologies in 2010-2013 explained 71.6% of the labor income in the country. The effect of changes in the level of human capital on labor income surpasses the impact of changes and the degree of capital-diffusion of new technologies. In the pre-crisis period, the influence of the main production factors on the income of the employed population of Russia has declined under the influence of pass laws that formed unfavorable for economic development institutional environment.

scholarly journals Human capital in an industrial impasse

2021 ◽  
Vol 258 ◽  
pp. 10003
Author(s):  
Radiy Ibragimov
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Economic System ◽  
Production Efficiency ◽  
Economic Systems ◽  
Consumer Society ◽  
Industrial Economy ◽  
Alternative Vision ◽  
The Status ◽  
Post Industrial

Crises, shaking developed economic systems, force us to look for strategic ways of development, alternative to the usual paradigm, in which the main vector of development from a pre-industrial to a post-industrial economy leads to a global model of a consumer society, beyond which there is a social abyss. The latest shock to the global economic system is the COVID-19 pandemic. To overcome this misfortune, authoritative experts propose a series of radical organizational and economic measures, but their goal is old - to preserve consumption as the main economic motive of social behavior. This, in turn, leaves in force the global civilizational risks and preserves the status of a myth for the concept of «sustainable development». The proposed article contains an attempt to substantiate an alternative vision of the model of history, in which it is proposed to consider the pre-industrial type of economy as basic on the basis of such criteria as efficiency, prospects and adequacy of the reproduction of human capital. Finally, sustainable development of a socio-economic system of any scale is possible only if such antagonistic indicators as production efficiency and employment of the population are reconciled. And this is possible only in a pre-industrial type of economy.

The Lawyer in the Emerging Digital Environment: A Botswana Perspective

2004 ◽  
Vol 32 (1) ◽  
pp. 109-129
Author(s):  
Madeleine Choe-Amusimo Fombad ◽  
Charles Manga Fombad
Keyword(s):  
Human Brain ◽  
Information And Communication Technologies ◽  
New Technology ◽  
Communication Technologies ◽  
Digital Environment ◽  
Digital Revolution ◽  
Industrial Economy ◽  
African Renaissance ◽  
Information And Communication ◽  
Post Industrial

The advent of the global digital revolution and the phenomenal advances in information and communication technologies (ICTs), have today provided an opportunity for the much-vaunted African renaissance and a chance for the continent to leapfrog over some of the enormous barriers of underdevelopment and claim a place in the post-industrial economy. The new technology has not only liberated the human brain from many mundane tasks but it has enhanced our productivity in many dramatic ways. It is becoming increasingly clear that the availability and use of ICTs is pre-requisite for economic and social development in this era of globalization.

INFORMATION GLOBALIZATION AS A NEW BASIS OF THE INTERNATIONAL ECONOMY. OBJECTIVES OF RUSSIA'S ECONOMIC POLICY

2021 ◽  
pp. 52-59
Author(s):  
Elena V. Zenkina ◽  
Keyword(s):  
New Technologies ◽  
Communication Process ◽  
Sources Of Information ◽  
The Public ◽  
Industrial Economy ◽  
Technology And Innovation ◽  
Interpersonal Communications ◽  
Rapid Formation ◽  
Information Products ◽  
Post Industrial

The modern information space is characterized by the active and rapid formation of the network principle of interpersonal communications, which significantly changes the foundations of the communication process. Today, new technologies for creating information products are being actively developed. Information technology and innovation are becoming the main products of the post-industrial economy. Currently, the mechanism of trade transactions with those types of intangible goods is being fundamentally changed, people have the opportunity to choose sources of information, the number of channels is growing, etc. That ultimately leads to increased information openness of the world. The development of the Internet leads to an increase in interpersonal communications, and that, in turn, changes the public structure of society. The article attempts to analyse the understanding of the current changes that the information globalization entails.

The Factor Productivity in the Pre-crisis Russian Economy

2015 ◽  
Vol 3 (3) ◽  
pp. 19-23 ◽  
Author(s):  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Human Capital ◽  
Labor Productivity ◽  
New Technologies ◽  
Institutional Environment ◽  
General Level ◽  
Factor Productivity ◽  
Russian Economy ◽  
Production Factors ◽  
Main Production ◽  
The Impact

To evaluate the factor productivity in the pre-crisis economy the econometric models were built. From the general level determination of the labor productivity models of 77.8%, the share of capital is 67%, the share of human capital — 8.4%, the share of new technologies — 1.4%. Effect of changes in the level of human capital on productivity surpasses the effect of changes in capital and the degree of diffusion of new technologies. In the pre-crisis period, the influence of the main production factors on the labor productivity was significantly decreased. The new tecnology have ceased to influence on productivity in general. The recession factor productivity in the country in the period 2010- 2013 may due to the formation under the impact of the adopted laws for the economic growth adverse institutional environment.

scholarly journals Human Potential in the System of Sustainable Development

2019 ◽  
Vol 134 ◽  
pp. 03014
Author(s):  
Tatyana Snegireva ◽  
Gennady Kayachev ◽  
Albert Falaleev ◽  
Sergey Kurgansky
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Natural Resources ◽  
Future Generations ◽  
Standard Of Living ◽  
Human Potential ◽  
Current Generation ◽  
Industrial Economy ◽  
Growth Of Knowledge ◽  
Post Industrial

The essence of sustainable development is that the progress of the current generation does not go against the interests of future generations. In the classical definition, the balance between generations is understood as the balance of needs. However, the word “needs” can be interpreted differently. First, we can talk about the ability to meet the needs in the context of the availability of natural resources. This means that we must leave to future generations the same amount of resources that we have, so that they can meet their needs with these resources. Secondly, we can talk about the ability to meet the needs as a standard of living. This means that for future generations it should be at least the same as the standard of living of our generation. At the same time, it is absolutely not necessary that this be achieved due to the availability of natural resources. For example, we can now invest some resources in the development of human capital and knowledge, and future generations will provide a higher standard of living through the growth of knowledge. Consequently, the factor of human capital, determining the pace of introduction of innovative technologies and moving away from resource-intensive industries, will determine sustainable development in the process of transition to a post-industrial economy.

scholarly journals Human Capital: Challenges for Russia

2012 ◽  
pp. 114-132 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
New Technologies ◽  
Pension System ◽  
International Competition ◽  
Modern Economic Growth ◽  
Private Spending ◽  
Modern Economic ◽  
Post Industrial

Education, healthcare and pension system are the key sources of modern economic growth. They need profound transformation based on post-industrial challenges. The new principles of transformation of these sectors include individualization of services, their privatization (a rising role of private spending), life-long demand for them, globalization (international competition), and development of radically new technologies to provide them.

scholarly journals Digital Technologies Applied in Agriculture for Sustainable Development

2019 ◽  
Vol 8 (5) ◽  
pp. 75
Author(s):  
Carmen-Valentina Radulescuu ◽  
Maria-Loredana Popescu ◽  
Mihaela Diana Oancea Negescu ◽  
Dumitru Alexandru Bodislav
Keyword(s):  
Information And Communication Technologies ◽  
New Technologies ◽  
Recent Literature ◽  
New Technology ◽  
Communication Technologies ◽  
Production Factors ◽  
The World Bank ◽  
New Information ◽  
Information And Communication ◽  
The One

Recently, many articles deal with Internet and mobile phones that have penetrated all sectors of the economy, including agriculture, in the light of their benefits. Various reports, including the World Bank, describe the main benefits of new information and communication technologies and promote their greater integration into the wider economy to increase efficiency by completing other production factors and fostering innovation, for example, drastically reducing transaction costs. The article analyzes recent literature but also presents novelty elements that emerged from questions such as the risks associated with new technologies considering that there are not enough studies in the field confirming, on the one hand, the benefits but also the losses caused by them. Keyword: New technology, agriculture, innovation

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