Financial University under the Government of the Russian Federation (Moscow, Russia):

E. Yu. Sidorova, Dr. Econ., Prof., e-mail: ejsidorova@yandex.ru

National University of Science and Technology “MISiS” (Moscow, Russia):
N. N. Nikulin, Dr. Econ., Prof., Economics Dept., e-mail: nnnikulin@yandex.ru
N. O. Vikhrova, Cand. Econ., Associate Prof., Economics Dept., e-mail: natalia.vichrova@yandex.ru
V. Yu. Ershova, Cand. Econ., Associate Prof., Economics Dept., e-mail: nika.ershowa2012@yandex.ru

The paper considers the problems of comparison of productivity levels in the metallurgical industries of Russian Federation and the USA. The authors show that the existing methods of productivity measuring in any economical area can’t answer the question about the concrete factors influencing on differences in productivity levels. The assertion that all these differences are stipulated by the differences in the level of capital-labour ratio is substantiated of the example of the metallurgical industries of Russian Federation and the USA. The added value parameter is the base for joint measuring of productivity in this case; the authors think that it provides more exact measuring of produced value amount at the concrete enterprise or in the concrete industry in comparison with natural parameters or proceeds in cash per one employee. The article also substantiates the assertion that comparison of produced value in different countries and in different currencies respectively, in order to lead to the united value assessment in USD, requires to use the market exchange rate, not parity rate.

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