Assessment of the economy structural transformations effectiveness through labor productivity (a study from the leading regions of the United States)
Abstract
This research analyzes the problem of assessing regional productivity at the expense of structural components using the example of the United States of America. In the modern world, “creative” industries have begun to play an important role in the economies of countries and territories, so it is very important to try to assess what economic contribution this factor makes to increasing labor productivity. This article attempts to use data from individual states and the United States as a whole for 2000–2023. with the help of comparative analysis, to assess the role of structural transformations of the “creative” economy for the implementation of economic policy.
The purpose of this study is to try to adapt F. Santos-Arteaga, D. Di Caprio and M. Tavana’s methodology to assess the contribution of “creative” industries to labor productivity growth using the example of key US
territories.
The main hypothesis is that economic diversification in favor of “creative” industries increases the efficiency of the region’s economy as a whole.
The subject is structural transformations, problems of formation
of the regional gross product, changes in employment, the influence of “creative” industries.
The expected results are new competitive advantages and positive economic consequences that the regional economy can acquire as a result of structural transformations.
About the Author
R. Kh. Kamaleev
Advanced Economic Research Center of the Academy of Sciences of the Republic of Tatarstan
Russian Federation
Russian Federation
Postgraduate
Kazan
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Review
For citations:
Kamaleev R.Kh. Assessment of the economy structural transformations effectiveness through labor productivity (a study from the leading regions of the United States). Kazan economic vestnik. 2024;1(2):29-39. (In Russ.)
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