Please use this identifier to cite or link to this item: http://hdl.handle.net/10995/51529
Title: Analysis of per capita income dynamics of the USA and Russia gross domestic product
Authors: Pichurin, I. I.
Issue Date: 2012
Publisher: Институт экономики Уральского отделения Российской академии наук
Institute of Economics, Ural Branch of the Russian Academy of Sciences
Citation: Pichurin I. I. Analysis of per capita income dynamics of the USA and Russia gross domestic product / I. I. Pichurin // Economy of Region. — 2012. — № 3. — P. 108-115.
Abstract: This paper represents a judgment that the relator of per capita income of the countries is a rough indicator of the ratio of labor productivity in these countries. Accordingly, the analysis of the dynamics of per capita income in the United States and Russia for the period from 1861 to present time is made. The described statistical data shows that the ratio of per capita income in the U. S. and Russia has not changed from 1861 to 1913. Consequently, the nowadays widespread claim that capitalist development in Russia led the country into the category of rapidly developing countries for 50 years after the abolition of serfdom is not true. The gap in labor productivity in Russia compared to the United States, Germany, Britain and other developed countries remained unchanged. The sharp decline in per capita income was based on the country's industrialization and appropriate agricultural sphere mechanization. As a result, the gap has narrowed to the mid-sixties of the XX century up to two times, despite the fact those ten years of this period fell out from the normal development in connection with the Second World War and post-war reconstruction of the national economy. After the collapse of the socialist economy, this gap increased up to five times in 2000, and now after the first decade of the XXI century it is about three times. The reasons for these changes in respect to per capita income are analyzed in this paper.
Keywords: ECONOMIC REFORMING
ECONOMIC RESTRUCTURING
GDP
GROSS DOMESTIC PRODUCT
LABOR PRODUCTIVITY
PER CAPITA INCOME
URI: https://elar.urfu.ru/handle/10995/51529
http://hdl.handle.net/10995/51529
SCOPUS ID: 84979958894
WOS ID: 000422166800010
PURE ID: 1098248
ISSN: 2072-6414
DOI: 10.17059/2012-3-10
Appears in Collections:Научные публикации, проиндексированные в SCOPUS и WoS CC

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