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Innovative Development and Economic Growth

Author

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  • Miron YAGOLNITSER

    (Institute of Economics and Industrial Engineering Siberian Branch of the Russian Academy of Sciences Novosibirsk Russia)

  • Lyudmila PEREPETCHKO

    (Institute of Thermal Physics Siberian Branch of the Russian Academy of Sciences Novosibirsk Russia)

  • Lyudmila PEREPETCHKO

    (Institute of Thermal Physics Siberian Branch of the Russian Academy of Sciences Novosibirsk Russia)

Abstract

With reliance on the World Bank statistics we prove that innovation exports distribution is subjected to the well known Zipf Law rank frequency distribution one of a family of related discrete power type probability distributions For countries belonging to the core of high tech exports power type distribution we define significant statistical dependences of the share of high tech products being exported on the values pertaining to the innovative component of intellectual capital patent applications trademarks pre production prototypes and designs We define a relation of the share of added value created in different countries to the share of their respective high tech exports We establish that under the current world economic crisis the growth of innovation sector has multiplied the growth of added vale in an economy with multiplication ratio 1

Suggested Citation

  • Miron YAGOLNITSER & Lyudmila PEREPETCHKO & Lyudmila PEREPETCHKO, 2017. "Innovative Development and Economic Growth," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(1), pages 261-266.
    • Handle: RePEc:srs:jarle0:v:8:y:2017:i:1:p:261-266
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    Cited by:

    1. Lyudmila Nikolaevna Perepechko & Galina Yakovlevna Belyakova, 2018. "The Interconnection among Science, Industry, State, and Society in Russia," Journal of Developing Societies, , vol. 34(4), pages 425-443, December.

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