The Influence of Socio-Economic and Innovative Factors on Labor Productivity in the Central Federal District

Abstract

In order to identify the influence of socio-economic and innovative factors on labor productivity, econometric models were built based on cross-sectional statistics from the regions of the Central Federal District. It has been established that in order to increase productivity, it is necessary to increase investment in new fixed assets, foreign investment, the number of workers with higher education, the level of wages, develop transport infrastructure, expand the use of computers and the Internet, the number of researchers with academic degrees. In addition, the number of employees of territorial executive bodies should reduce, the number of university students and scientists with academic degrees should increase, the innovative activity of organizations should increase, and exports should be stimulated.

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