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Structural Analysis of Technological Changes and the Strategy of Economic Growth

Authors:

Oleg S. Sukharev

Abstract:

The paper explores the issue of determining the structural parameters of the economy during the formation of macroeconomic growth policy. It points to two basic economic development regimes, which differ in terms of the relationship between the processes of diverting and creating a resource. The paper proves that ratio between the speeds of these processes, namely “creative destruction” and “combinative expansion”, preconditions the characteristics of the economic growth model. The author examines an investment strategy, which constitutes the principal part of the model of economic growth based on new factors, at this, the level of technologies and the possibility to correlate the rates of diverting and creating a new resource significantly determine it. The researcher concludes that the Russian economic development model should allow for the structure “old–new technologies”, which will define the regime of economic growth. The author suggests a solution: at the microlevel, a firm chooses a technological structure within the scale “real–virtual technologies”, at this the ratio between the efficiencies of competing firms, affecting the choice of the scale of virtual and real technologies’ application, crucially influences this procedure.

Keywords: technological changes; structural analysis; investment strategy; economic growth; real and virtual technologies; technological choice of a firm.

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For citation: Sukharev O. S. Strukturnyy analiz tekhnologicheskikh izmeneniy i strategiya ekonomicheskogo rosta [Structural analysis of technological changes and the strategy of economic growth]. Izvestiya Uralskogo gosudarstvennogo ekonomicheskogo universiteta – Journal of the Ural State University of Economics, 2018, vol. 19, no. 3, pp. 26−41. DOI: 10.29141/2073-1019-2018-19-3-4