Suvorova V.V.Balakovo Institute of Engineering, Technology and Management, Branch of Saratov State Technical University named after Yu.A. Gagarin, Balakovo, Saratov Region, Russian Federation kafedra.eou@mail.ru
Timarsuev M.V.Balakovo Institute of Engineering, Technology and Management, Branch of Saratov State Technical University named after Yu.A. Gagarin, Balakovo, Saratov Region, Russian Federation TMV095@yandex.ru
Importance The article studies the category of labor productivity in the different subjects of the Russian Federation. High productivity is one of the most important factors of economic growth. Therefore, the problem of low productivity remains valid for the domestic economy. Objectives The aim of the study is to analyze the reasons for the poor performance of the economy throughout the country and at the regional level. Methods To study the subject, we used the logical bases of system analysis and methods of theoretical and statistical-and-economic research. Results We examined the dynamics of labor productivity in Russia, identified the underlying factors, assessed the causes, hindering the growth of the economy of individual subjects, and suggest ways of addressing the evolving situation in the domestic economy. Our article presents the trends in the indicators of the labor capacity and efficiency of the Russian economy. Using a comparison of the potential and actual results, we have analyzed the causes of the low labor productivity in regions of the Russian Federation. Application The results of this research can be of interest for the regulation of the economy at the micro- and macro-levels. In addition, system performance management is relevant for individual economic agents, as it helps to maximize the efficient use of key resources in a particular company. Given that the identified problem of resource disparities leads to social tension, it can be argued that certain aspects of the study shall be useful in sociology and political science. Conclusions and Relevance We came to the conclusion of low productivity in the vast majority of the regions, which we attribute to the lack of planning and performance management system. In addition, we have revealed a disparity in the allocation of resources, the underlying problem that slows the growth and development of individual regions and the country as a whole. Also, we are proving performance management as the basis for the economic well-being of the country and highlighting the problem of efficiency in resource allocation to achieve the balanced economic growth in all constituent entities of the Russian Federation, without prejudice to the interests of some regions in favor of other.
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