Kemerovo, Kemerovo, Russian Federation
Kemerovo, Kemerovo, Russian Federation
Wages represent a critical indicator of both quality of life and economic sustainability. Consequently, the analysis of the interrelationships between various economic factors are of paramount importance. This article compares the factors influencing wage dynamics in the Kemerovo Region and in Moscow. A multifactorial correlation and regression analysis was conducted using data from the Federal State Statistics Service spanning from 2008 to 2023. The study examined the presence or absence of statistically significant relationships between wage indices, industrial production, fixed asset investment, and labor productivity. The analysis was performed in Microsoft Excel using the Data Analysis ToolPak. The findings reveal that Moscow employers focus on intensive economic growth driven by increased labor productivity. Conversely, the Kemerovo Region is dominated by extensive growth associated with rising investments in fixed assets. These insights can be utilized to formulate strategies for sustainable economic growth and to improve the standard of living. Furthermore, this universal methodology can be applied to wage studies in other regions.
wages, labor productivity, investments, regional economy, economic growth
1. Azieva R. Kh., Gishkaeva L. L., Edieva P. M. Wage theories: Past and present. Russian Journal of Resources, Conservation and Recycling, 2019, 6(4). (In Russ.) https://doi.org/10.15862/01ECOR419
2. Podlesetskaya D. S. Labor productivity as a factor of salary increase for key personnel of the organization. Professionalnaya orientaciya, 2021, (3): 8–12. (In Russ.) https://elibrary.ru/lsoorc
3. Azieva R. Kh. Wages as a reflection of the standard of living of society. KANT, 2019, (1): 243–246. (In Russ.) https://elibrary.ru/zbufed
4. Domchenkov D. V. Wages as a factor of motivation and labour productivity: Theoretical and empirical aspects. Vestnik BIST (Bashkir Institute of Social Technologies), 2025, (3): 36–44. (In Russ.) https://doi.org/10.47598/2078-9025-2025-3-68-36-44
5. Rasulova H. A. Analysis and assessment of the relationship between sustainable development and structural shifts using multifactorial correlation and regression analysis. Molodoi uchenyi, 2019, (26): 375–384. (In Russ.) https://elibrary.ru/nahifz
6. Rikunova A. V., Skljarova E. E. Conditions and factors of economic growth in Russia at the present stage of development. Scientific Works of the Free Economic Society of Russia, 2015, 194(5): 81–88. (In Russ.) https://elibrary.ru/teeqik
7. Domanina M. A., Moiseev V. E. Extensive and intensive types of economic growth. Organizational and economic aspects of the effectiveness of the regional agro-industrial complex: Proc. Sci. Conf. of the Faculty of Economics, Penza, 24–25 May 2005. Penza: PSAA, 2005, 107–109. (In Russ.) https://elibrary.ru/ytcjnt
8. Aranzhin V. V. Relationship of wages and labor productivity: Systematic approach. Social & Labor Research, 2020, (2): 18–29. (In Russ.) https://doi.org/10.34022/2658-3712-2020-39-2-18-29
9. Boldenkov A. V., Lisutin O. A., Trusevich E. V. Industrial production as a fundamental component of the economy of the Altai Territory. Issues of Social – Economic Development of Siberia, 2023, (3): 14–23. (In Russ.) https://doi.org/10.18324/2224-1833-2023-3-14-23
10. Popova A. G., Shustrov I. N. Influence of individual factors on the volume of investments in fixed assets. Measuring and analyzing well-being: Proc. All-Russian (with Intern. Participation) Sci.-Prac. Conf., St. Petersburg, 25–27 Jan 2024. St. Petersburg: SPbSUE, 2024, 303–306. (In Russ.) https://elibrary.ru/xonxko
11. Machulis V. V. Higher mathematics. 5th ed. Moscow: Iurait, 2024, 306. (In Russ.)
12. Kulueva Ch. R., Ismanalieva K. I., Tokosheva Zh. A. Formation of wage level in the territories of Osh region: Econometric analysis of factors. Journal of Osh State University. Economics, 2023, (2): 56–61. (In Russ.) https://doi.org/10.52754/16948734_2023_2(3)_9
13. Stepanova A. S., Volova E. A., Kulikovsky M. K., Garaeva E. V. Econometric analysis of wages. Fundamental and applied scientific research: Current issues, achievements, and innovations: Proc. XIX Intern. Sci.-Prac. Conf., Penza, 15 Jan 2019. Penza: Science and Education (IP Gulyaev G. Yu.), 2019, pt. 2, 92–94. (In Russ.) https://elibrary.ru/ytmwap
14. Babanskaya A. S., Fedota A. A. Analysis of the labor resources of the enterprise. Analysis of labor productivity and wages in economic analysis. Modern problems of economy and management: Proc. Intern. Sci.-Prac. Conf., Moscow, 24 Nov 2023. Moscow: RSSU, 2023, 61–66. (In Russ.) https://elibrary.ru/aydftv
15. Tskhomaria S. I. Wage and labor productivity vs. wage growth rates. Intellectual potential of society as a driver of innovative development of science: Proc. Intern. Sci.-Prac. Conf., Sterlitamak, 30 Jan 2024. Sterlitamak: LLC AMI, 2024, 209–212. (In Russ.) https://elibrary.ru/obiutk
16. Khorina A. V., Prudikov V. V. Wages, their functions, and factors influencing their formation. Trends and prospects for the implementation of state financial policy at the present stage: Proc. All-Russian Sci.-Prac. Round Table, Ryazan, 27 Sep 2024. Ryazan: Academy of Law and Management of the Federal Penitentiary Service, 2025, 252–256. (In Russ.) https://elibrary.ru/wiqyzw
17. Nasyrova G. F., Nefedova V. N. Wages, their functions and factors influencing the formation of wages. Innovative Science, 2023, (6-1): 92–94. (In Russ.) https://elibrary.ru/ihlbry
18. Jumambayev S., Dosmbek A. Wages in Kazakhstan: Trends, factors, ways to increase. Statistics, Accounting and Audit, 2020, (3): 74–78. https://elibrary.ru/yaztkn
19. Fediai E. S. Labor productivity and wages: The relationship of indicators. Applied aspects of economics, comp. Zhuravlev V. V. Chelyabinsk: SUSU Publishing Center, 2021, 87–93. (In Russ.) https://elibrary.ru/lbfcdc
20. Kalach A. V., Shkarupeta E. V., Shmyreva M. B. Development of an industrial complex for ensuring national competitiveness and economic security. Proceedings of the Voronezh State University of Engineering Technologies, 2016, (2): 395–400. (In Russ.) https://doi.org/10.20914/2310-1202-2016-2-395-400
21. Khapazheva M., Kulikova E. A. Economic growth and prospects of innovative development of Russia. The innovative potential of social development: The view of young scientists: Proc. All-Russian Sci. Conf. of Promising Developments, Kursk, 1 Dec 2020. Kursk: SWSU, 2020, vol. 1, 184–188. (In Russ.) https://elibrary.ru/rmjoqz
22. Kurpayandi K. I., Oymatov A. N. The potential for intensive stimulation of economic growth. Aktualnye problemy gumanitarnyh i estestvennyh nauk, 2013, (3): 111–113. (In Russ.) https://elibrary.ru/qcokqb
23. Kunakuzhina D. I. Factors of economic growth and their dynamics. Sinergiya Nauk, 2017, (18): 448–453. (In Russ.) https://elibrary.ru/zxqqwr
24. Klochkov V. V., Timchenko M. V. Interrelation of extensive and intensive factors of modern economic growth. Modern economic growth: Theory and modeling. The Twelfth Druker Readings: Proc. Conf., V. A. Trapeznikov Institute of Management Problems of the RAS, 28–29 May 2012. Moscow: Economic Newspaper Publishing House, 2012, 288–304. (In Russ.) https://elibrary.ru/smblcz
25. Zotikov N. Z. Labor productivity within the framework of the Labor Productivity and Employment Support national project. Management, 2024, 12(2): 31–39. (In Russ.) https://doi.org/10.26425/2309-3633-2024-12-2-31-39
26. Gribanova A. V. The relationship between wages and labor productivity: Factors influencing the level of wages in the modern economy. Modern problems of socio-economic systems in the context of globalization: Proc. XVIII Intern. Sci.-Prac. Conf., Belgorod, 25 Oct 2024. Belgorod: CPR PH "BelSU"; NRU "BelSU", 2024, 46–48. (In Russ.) https://elibrary.ru/tejwjs
27. Abdygany A., Attokurovna A. A. Economic growth and some topical issues of economic growth. Aktualnye nauchnye issledovaniya v sovremennom mire, 2021, (6-2): 70–74. (In Russ.) https://elibrary.ru/nwpgty
28. Bochkarev A. M., Glezman L. V., Fedoseeva S. S. Industries and industrial enterprises in the context of digital transformation. Ekaterinburg: Institute of Economics UB RAS, 2024, 269. (In Russ.) https://elibrary.ru/thrrva
