Economy structure, productivity and economic growth: towards methodological perspective

Abstract

As economic sectors’ performance targeted for country’s economic growth through the prism of inputs to production can not be implied without productivity phenomenon in the context of sustainable development, this paper is targeted to overview the relevant methodologies of the productivity phenomenon in the structure of economy. Scrutinized scientific literature proposes the following possible perceptions of productivity: as labor move from low to high productivity sectors, in such a way contributing to aggregate country’s productivity growth, and as productivity increase within sectors. The following methods have been provided: accelerations and decelerations of aggregate productivity growth, aggregate productivity growth accounting, productivity growth accounting within industries.