Innovations and economic behavior in modern models of economic growth and evolutionary economics

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Two paradigms of innovative development of the economy: equilibrium concept of a real business cycle and learning models in the process of P. Romer activity on the one hand and a paradigm of synergetic evolutionary economics, which originates from disequilibrium understanding of the economic cycle nature on the other hand are considered in the paper. The basic restrictions of the mainstream, main of which is a provision that innovations appear at the right time in the economy and incorporate into its structure are identified. The evolutionary approach comes from disequilibrium notion about the cycle and close to Neo-Keynesian paradigm, suggesting the need for stimulation of innovations within the framework of industrial policy. For this purpose it’s necessary to track the periods of structural readiness of the economy to the perception of innovations - a window of opportunities and a dynamic competitive niche.

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Innovations, economic growth, structural changes, evolutionary economics, industrial policy

Короткий адрес: https://sciup.org/147156446

IDR: 147156446

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