THE INSTITUTION OF PROPERTY IN THE FACTORS’ SYSTEM INFLUENCING LABOR PRODUCTIVITY 

Zemlyanukhina Svetlana Georgievna, Doctor of economic sciences, professor, sub-department of labor economics and industrial complexes, Yuri Gagarin State Technical University of Saratov (77 Politekhnicheskaya street, Saratov, Russia), E-mail: swet.zemlyanuhina@yandex.ru
Suvorova Viktoriya Vasil'evna, Doctor of economic sciences, professor, sub-department of economics, organization and management of enterprises, Balakovo Institute of Engineering and Technology – branch of National Research Nuclear University MEPhI (Moscow Engineering Physics Institute) (140 Chapayeva street, Balakovo, Saratov region, Russia), E-mail: biti@mephi.ru 

331.526; 331.102 

10.21685/2072-3016-2020-2-10 

Background. The aim of the work is to justify the need to use the provisions of institutional theory in determining the factors of labor productivity growth. The challenge of addressing the impact of institutional factors on labor productivity in the domestic economy due to repeated Russia’s lagging behind developed and many developing countries in terms of productivity and the search for the causes of this backlog.
Materials and methods. The methodology of the research consists in applying the provisions of Marxist theory on the productive power of labor and the provisions of institutionalism on the role of institutions in the society development.
Results. The hypothesis about the importance of the institution of ownership in ensuring the growth of labor productivity is confirmed by consideration of the correlation between the change of ownership in the process of privatization and the status of the real and personal factors of production, reflected in increased wear of fixed assets, the decline in the index of human development.
Conclusions. It is necessary to adjust the state normative and legal mechanism for regulating legal property relations to ensure the growth of labor productivity and the implementation of national projects. 

labor productivity, property institution, factors of production, institutional environment, labor productivity management, labor relations, capital export, depreciation of fixed assets, human development index 

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