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Assessing the Labor Productivity in Ukraine and the Factors of its Increase in the Context of Ensuring Sustainable Inclusive Growth
Pasinovych I. I., Kindziur O. S.

Pasinovych, Iryna I., and Kindziur, Olha S. (2020) “Assessing the Labor Productivity in Ukraine and the Factors of its Increase in the Context of Ensuring Sustainable Inclusive Growth.” Business Inform 5:260–268.
https://doi.org/10.32983/2222-4459-2020-5-260-268

Section: Labour economics and social policy

UDC 331.101.6

Abstract:
The article considers methodical approaches to calculating the labor productivity at the national and regional levels. The public productivity indicators are generalized. Regardless of the productivity level, this indicator shows the efficiency of using labor as a resource. In a market economy, the task of increasing the labor productivity is shifted to the level of the economic entity, and the role of the State is to create conditions for attracting investment, demand for innovation, and the formation of a high quality human capital. It is emphasized that productivity is a partial indicator for calculating the index of inclusive growth. This indicator is calculated by the World Bank and illustrates the development and well-being of the State better than traditional GDP. A comparative analysis of the level and dynamics of the labor productivity of Ukraine and other countries is carried out. It is proved that the working time factor is not relevant to increase the labor productivity. Activities carried out by enterprises in the countries with high rates of productivity growth are allocated, among them ? the use of artificial intelligence, robotics, increasing the digital competence of workers. The latter forces enterprises to allocate funds for staff training. A system of the State-wide measures is presented, the implementation of which will contribute to the growth of the public labor productivity. A comparative analysis of the labor productivity and costs per employee on the example of Lviv region is made. Among the proposed measures that will improve the labor productivity at the macro-level are investment in staff training, as well as the gradual modernization of the technological base through attraction of investment. It is concluded that it is impossible to significantly increase the public labor productivity without eradicating monopolism and forming a modern sectoral structure of the economy.

Keywords: productivity, labor productivity, inclusive growth, investment, working hours.

Tabl.: 4. Bibl.: 14.

Pasinovych Iryna I. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management and International Entrepreneurship, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]
Kindziur Olha S. – Candidate of Sciences (Economics), Lecturer, Lviv Technical and Economic College of National University (87 Pasichna Str., Lviv, 79066, Ukraine)
Email: [email protected]

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