2020
DOI: 10.22363/2313-2329-2020-28-1-123-136
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Econometric evaluation of the scientific and technical progress parameter in the innovative exogenous economic growth model

Abstract: The article explores the problem of assessing the scientific and technological progress (STP) parameter in the exogenous economic growth model in the context of modern innovative digital transformation of the economy. The aim of the study is to develop and empirically verify an econometric model for an integrated assessment of the degree of economic agents’ innovative activity influence on the gross regional product. In accordance with the set goal, a methodologically triune (resource-management-resultant) app… Show more

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Cited by 4 publications
(4 citation statements)
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“…Lazareva, D.S. Lozovitskaya give, estimation of parameters of scientific and technical development in the model of economic growth [12].…”
Section: Methodsmentioning
confidence: 99%
“…Lazareva, D.S. Lozovitskaya give, estimation of parameters of scientific and technical development in the model of economic growth [12].…”
Section: Methodsmentioning
confidence: 99%
“…The assumptions of decreasing returns and rising marginal costs bring the economic model to an equilibrium position. In these models, human capital and technology are background constants, and so matter less than physical capital (Lazareva & Lozovitskaya, 2020;Smith, 1910;Swan, 1956). Robert Solow factors technology in an exogenous growth model where capital is subjected to diminishing returns.…”
Section: Literature Review: Human Capital Development In Special Econ...mentioning
confidence: 99%
“…Technical progress can be increased by providing monopoly power through patents and copyrights to speed-up the pace of innovation. Technological change can also be increased through proper investment in human capital, which is the sum of all of a country's human knowledge [30,38]. Through investment in education, health, training, research and development, and other human capital determinants, a country can increase and enhance the productivity of labour and promote economic growth.…”
Section: Theoretical Frameworkmentioning
confidence: 99%