The incorporation of structural change into growth theory: A historical appraisal

Gabardo, Francisco Adilson; Pereima, João Basilio; Einloft, Pedro

doi:10.1016/j.econ.2017.05.003

Cited by 42 publications

(30 citation statements)

References 56 publications

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“…Более того, как отмечается в отдельных работах, им отводилась второстепенная роль. Причина не только в том, что большинство создаваемых моделей являлись агрегатного типа, а структурные модели были и остаются более сложными, но и в том, что структурные изменения не рассматривались в качестве самостоятельного фактора роста, в отличие от научно-технического прогресса, которому отводилась роль формирования экономической структуры [21].…”

Section: структурная динамика: некоторые обобщенияunclassified

Structure of Technological Dynamics and Economic Growth of Russia

Sukharev

2020

Federalism

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The slowdown in Russia’s economic growth to the “covid crisis”, as well as the possibility of restoring growth and forming a new model of it, are associated with the need to overcome structural constraints. Moreover, the plans for the recovery of the Russian economy note the need not only for a stimulating macroeconomic policy, but also for the implementation of structural changes through technological renewal. However, technological modernization is highly dependent on the existing mode of technological development – the current and future demand for new technologies. The implementation of the country’s technological development strategy requires an assessment of the existing technological structure with a measurement of its reaction to ongoing investments in support of obsolete and emergence of new technologies. Different sectors of the economy and its regions, having a different set of technologies and their structure, show a different level of manufacturability, which is understood as the ratio of the volume of innovative to non-innovative products. The sensitivity of this parameter to investments in new and outdated technologies is also different, which cannot be taken into account in the formation of investment and technological development policies for both individual regions and Russia as a whole. Using structural and regression analysis, this study provides a picture of the structure of the technological Russian economy. It is shown that technological modernization also involves the movement of resources in the sectoral and regional context in order to eliminate structural and technological imbalances in development. Investment policy should be reduced not only to increasing investments, but also to managing their structure in conjunction with replacing old technologies in order to level and improve the overall manufacturability. This will require solving the promising problem of increasing the sensitivity of manufacturability to investments in new technologies. In the long term, this approach will make it possible to single out the modes of regional technological development, not only ranking regions in terms of sensitivity to new and old technologies, but also developing a selective set of regional policy measures.Keywords: “covid crisis”, economic growth, industrialization, investments, structural changes, structural dynamics, technologies, technological effectiveness of the regional economy.

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Section: структурная динамика: некоторые обобщенияunclassified

Structure of Technological Dynamics and Economic Growth of Russia

Sukharev

2020

Federalism

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“…Recently the models including technical changes, education, intellectual capital, trade and other institutionally determined factors as a kind of growth component are the most popular (Alonso-Carrera & Raurich, 2018;Gabardo et al 2017;Brancaccio et al, 2018;Iamsiraroj, 2016;Felice, 2016, etc. ).…”

Section: Economic Growth and Technological Changesmentioning

confidence: 99%

“…Economic growth today is a certain cumulative expression of the past growth (certainly, the authors cannot enumerate all available set of achievements and sources here. See Helpman (Helpman, 2011;Gabardo et al, 2017). For example, in Aghion and Howitt's research (Aghion & Howitt, 1992) a model is suggested in which Schumpeter's "creative destruction" appears in the form of the appearance mechanism of one innovation for the account of liquidation of the preceding ones.…”

Section: Economic Growth and Technological Changesmentioning

confidence: 99%

“…In the framework of modern approaches in the theory of economic growth, the features of the influence on the economic dynamics of various factors are studied, with an emphasis on the factor of scientific and technological progress and technological changes. We'd focused upon the institutional and technological factors of economic growth, using the accumulated knowledge within the framework of the modern growth theory (Alonso-Carrera & Raurich, 2018;Gabardo, Pereima, & Einloft, 2017;Samaniego & Sun, 2016;Brancaccio, Garbellini, & Giammetti, 2018;Iamsiraroj, 2016;Felice, 2016;Aguirre, 2017;Bartolini & Santolini, 2017;Balachandran & Williams (2018), to show the individual problems and unresolved issues. An urgent task in relation to the current situation is to justify the policy of economic growth and in conjunction with the theoretical developments that economics has today.…”

Section: Introductionmentioning

confidence: 99%

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Economic Policy of Growth: Selection of Institutes and Technological Models of Development

Sukharev

Chaplygin

2019

Proceedings of 6th International Scientific Conference Contemporary Issues in Business, Management and Economics Engineering ‘2

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Purpose – to study the possibilities of institutional theory to establish a modern theory of economic growth, including the factors of institutions and technologies changes. These factors are a set of rules with high coercive force to the agents’ action form a particular mode/model of their adaptation, together with other institutions. Research Methodology – the neoclassical models of economic growth, which may include institutional factors and to study their impact on the growth and change of the factors, into the business practice are applied. The key scientific problem is to choose the right market Institute for a proper way of technological development. The authors use the micro-level analysis of the agents and institutions’ interaction in the process of new technologies appearance. Morphological and taxonomic analysis in order to highlight the models of technological development and economic growth had been applied. Findings – the research results may enrich an economic theory and practice in the area of business models applicability. The findings may assist a business community to influence the general technological development within the national institutional systems. Research limitations – due to the fact that different institutions, structures and technologies act on the economic dynamics at the same time, separating their influence is an independent scientific problem that is not solved in all cases. However, the set of considered institutional factors forms and provides a kind of “manufacturability” of economic growth. Practical implications – the so-called institutional macroeconomics as a practical discipline (which has a very close connection with behavioural macroeconomics) may assist to explore the economic growth from the point of view of changing institutions (firms, business community), labour markets and information – technical and technological changes. Originality/Value – the value of the research consists in the systematization of institutional factors affecting the economic growth, conducting a morphological structural analysis of growth types, which allow identifying eight main growth trajectories in business activity.

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“…The overall process of structural change is very vital in many low-and middle-income countries, which depend on continued structural transformation as an important indicator. Gabardo et al (2017) explained the history of various dynamic aspects of incorporated economic growth and structural change process. Some researchers in the early era have highlighted macroeconomic fluctuations based on industrial structure change, mainly Robertson (1915), Aftalion (1927), Frisch (1933), and Schumpeter (1939).…”

Section: Introductionmentioning

confidence: 99%

Structural Transformation and Impact of Oil Price Change in Saudi Arabia Economy: Input-Output Structural Decomposition Analysis

Yasmin¹

2020

SJKFU

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Structural change and economic growth processes have various impacts on micro and macroeconomic levels. The current study aims to shed light on various aspects of sectoral changes in the Saudi Arabian economy due to oil price shocks with profound effects on economic growth and various sectors. This paper re-attempts to explore the various sectoral changes by using an input-output structural decomposition analysis for 2010 to 2015. The main focus is on changes in the economic structure of Saudi Arabia, which has decomposed in three components, namely intermediate, technical, and total output with different levels and plans. The main findings show that since 2010 there has been a remarkable change in the production process and sectoral performance. From a policy aspect, it seems that the economy has moved fast enough forward and displays changes oriented by new policies and diversification plans. Moreover, the economy may show dynamic sustainable economic development, especially with new fiscal plans. Educational development is also one of the key initiatives in Saudi Arabia to enhance economic performance with structural change.

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The incorporation of structural change into growth theory: A historical appraisal

Cited by 42 publications

References 56 publications

Structure of Technological Dynamics and Economic Growth of Russia

Structure of Technological Dynamics and Economic Growth of Russia

Economic Policy of Growth: Selection of Institutes and Technological Models of Development

Structural Transformation and Impact of Oil Price Change in Saudi Arabia Economy: Input-Output Structural Decomposition Analysis

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