Economic growth and income dynamics of the population

Moiseeva Yu.O.1
1 Ульяновский государственный университет

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Journal paper

Russian Journal of Labour Economics (РИНЦ, ВАК)
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Volume 5, Number 2 (April-June 2018)

Citation:

Moiseeva, Y. O. (2018). Economic growth and income dynamics of the population. Russian Journal of Labour Economics, 5(2), 599-606. https://doi.org/10.18334/et.5.2.39046

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=35315452
Cited: 9 by 07.12.2023

Abstract:
Analysis of the factors that determine the conditions for the intensification of economic growth at this stage of development of the domestic economy, forces to reorient to the search for domestic sources. The paper considers the relationship between the dynamics of wages in the Russian economy and the pace of economic development. The comparative analysis of statistical information characterizing the processes in the labor market allows us to conclude that the share of wages has a high impact on economic development. Theoretical and statistical analysis shows the possibility of considering the increase in the level of income of the population as a leading component of total demand in the domestic market. The necessity of reorientation of the development strategy (including within the framework of the policy of import substitution) to the expansion of domestic demand based on the growth of real wages is determined.

Keywords: economic growth, wages, income dynamics

JEL-classification: O40, J31, J33

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References:

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Gimpelson V.E. (2016). Nuzhen li rossiyskoy ekonomike chelovecheskiy kapital? Desyat somneniy [Does the Russian economy need human capital? Ten of the doubt]. Voprosy Ekonomiki. (10). 129-143. (in Russian).
Kapkanschikov S.G. (2013). Ekonomika Rossii [Russian economy] Ulyanovsk: UlGTU. (in Russian).
Pospelova E.B. (2015). Ekonomicheskoe neravenstvo i sotsialnaya spravedlivost na sovremennom etape razvitiya Rossii [Economic inequality and social justice at the present stage of Russia's development]. Omsk Scientific Bulletin. (4). 68-71. (in Russian).
Rudakova O.V., Lygina N.I., Kryukova O.A. (2017). Dokhody naseleniya v sisteme ekonomicheskogo rosta [Income of the population in the system of economic growth]. Central Russian Journal of Social Sciences. 12 (6). 219-232. (in Russian). doi: 10.22394/2071-2367-2017-12-6-219-232 .
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