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Study of Theoretical and Methodological Features of Macroeconomic Assessment of the Consequences of Technological Changes and Their Effectiveness

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  • B. D. Matrizaev

    (Financial University under the Government of the Russian Federation)

Abstract

— Many Asian economies, especially those in Southeast Asia, have been recognized as the most competitive and dynamic in the world in recent decades. For example, the newly industrialized NIS countries—South Korea, Singapore and Taiwan—are distinguished by sustainable economic growth due to different approaches to modernization and scientific and technological progress, but within the framework of the “catching-up development” paradigm. This concept is quite often applied to the Russian economy. Therefore, today the topic of identifying the advantages and disadvantages of the catch-up development strategy in terms of their usefulness for explaining the trajectories of the development of science and innovations is acquiring special relevance. The purpose of this article is to study the theoretical and methodological features of the macroeconomic assessment of the consequences of technological changes and their effectiveness in European countries in the period 2011–2018, and on this basis to identify the advantages and disadvantages of two models: “Shifts in technological frontiers” and “catch-up development,” which contribute to the convergence of national innovation systems, or, conversely, their divergence. To this end, an attempt was made to apply the methodology of the global productivity index as an effective indicator for assessing the effectiveness of innovation dynamics in European countries. One of the results of our study is to identify credible evidence that innovation does not necessarily imply technological improvement. The scientific novelty of our research lies in the improved understanding of how innovative systems function over time. The practical application of the results of this study could be associated with the study of the dynamics of interactions within the integration association (Eurasian Economic Union), as well as at the internal Russian regional level.

Suggested Citation

  • B. D. Matrizaev, 2022. "Study of Theoretical and Methodological Features of Macroeconomic Assessment of the Consequences of Technological Changes and Their Effectiveness," Studies on Russian Economic Development, Springer, vol. 33(2), pages 226-235, April.
    • Handle: RePEc:spr:sorede:v:33:y:2022:i:2:d:10.1134_s1075700722020083
    DOI: 10.1134/S1075700722020083
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    References listed on IDEAS

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