Abstract
This paper discusses the role of the indicator of average time worked per employee in assessing current market situation and output growth reserves. This indicator, considered a key one worldwide, is not published in Russia at all (though estimated). Considered are general and specific factors underlying differences in hours worked in different countries and industries, with their dynamics across 20 industries of Russia’s economy in 1959–2004. Output growth reserves due to this indicator are assessed.
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References
Russian Statistical Yearbook 2004: Statistical Abstract (Rosstat, Moscow, 2004) [in Russian].
E. I. Denison, Why Growth Rates Differ: Post-War Experience in Nine Western Countries (Brookings Inst., Washington, D.C., 1967).
L. Stoleru, Economic Equilibrium and Growth (North-Holland, Amsterdam, 1975).
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Original Russian Text © N.V. Kozlov, 2006.
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Kozlov, N.V. Hours worked and output growth reserves. Stud. Russ. Econ. Dev. 17, 259–266 (2006). https://doi.org/10.1134/S107570070603004X
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DOI: https://doi.org/10.1134/S107570070603004X