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On the relationship of structural changes and economic growth in the world economy and Russia

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  • V. V. Mironov
  • L. D. Konovalova

Abstract

The article analyzes the relationship between structural changes and economic growth in the world economy and Russia. The authors note the emergence of a growth model in the world economy based on the complementarity of economic policies aimed, on the one hand, at the development of fundamental foundations of economic growth (institutions, human capital, infrastructure, macroeconomic stabilization), and, on the other hand, at initiating growth through structural reforms (even under stable foundations). Analyzing the trends of structural changes in the world economy, the authors consider new forms of structural policy, in particular, the ones oriented at the issue of identification of sectors — potential drivers of economic growth using the portfolio approach. A preliminary version of the model of Russian economy based on the multi-sector variety of the Thirlwall’s law is presented in the paper.

Suggested Citation

  • V. V. Mironov & L. D. Konovalova, 2019. "On the relationship of structural changes and economic growth in the world economy and Russia," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 1.
    • Handle: RePEc:nos:voprec:y:2019:id:2134
    DOI: 10.32609/0042-8736-2019-1-54-78
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    Cited by:

    1. Rishan Sampath Hewag & Jaafar Pyeman & Norashida Othman, 2023. "Effect of Structural Break on Financial Development and Economic Growth Nexus in Middle-Income Countries in Asia: Moderating Role of Technological Advancements," Information Management and Business Review, AMH International, vol. 15(2), pages 205-214.
    2. Mironov, V. & Kuznetsov, A. & Konovalova, L., 2024. "On the sectoral effects of digitalization based on new indicators by type of economic activity," Journal of the New Economic Association, New Economic Association, vol. 62(1), pages 143-179.

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