“…Economic growth, its cyclic character, specifics in developed and developing countries, contradiction of economic growth with social development and necessity for overcoming it are studied in the works of Abdelhalim and Eldin (2019), Ali Asadullah (2019), Au (2019), Bethencourt and Kunze (2019), Burhan et al (2018), Chen et al (2018), Conroy and Weiler (2019), Cumming and Von Cramon-Taubadel (2018), Hamid et al (2019), Khan et al (2019), Kiuru and Inkinen (2019), Klofsten et al (2019), Kontogiannis et al (2019), Long and Ji (2019), Melnikas (2019), Naderi et al (2019), Pereira et al (2020), Pulido and Mora (2019), Rathnakar (2019), Sandberg et al (2019), Shastri et al (2019), Sorj and Fraga (2020), Summers et al (2019), Sun et al (2018), Sunarsih et al (2019), Xiong et al (2020), Zhang et al (2019) and Zhen and Tian (2019).…”