The Economic Growth Theory and Indicators of Russia’s Economic Development: Technological Aspect
Abstract
The aim of the article is to analyze the main methodological tendencies of the economic growth theory development in its cross-disciplinary environment. The influence of the economic cycle theory in its technological and innovations version on the economic growth theory is investigated. Also, relationship between the economic growth theory and the firm theory in the area of making decisions on investments in the new technologies are under research. The capital as a factor of economic growth is traced according to the broad approach posed in the modern resource-advantage theory of competition. Some methodological approaches to defining of economic growth indicators reflecting qualitative structure of the economy and being a flexible instrument of economic policy are suggested.
Keywords:
Economic growth, economic cycles, innovations and technological development, competitiveness, macroeconomic policy
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.