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Managing the technological development structure: Risk and “interest portfolio”

Author

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  • Oleg S. SUKHAREV

    (Institute of Economics of the Russian Academy of Sciences)

Abstract

The paper identifies the tools for managing the technological development structure determined by the availability of new and old technologies, investment in technological update or increasing efficiency of technologies. The management tools under review are risk and the structure of interest rates influencing investment in advanced and outdated technologies. The research subject is the emergence of the latest technology creating a new resource and diverting the existing resources from current technologies. This aspect affects the structure of investment. At that, the emerging risks and interest rate can have a significant impact on the distribution of financial resources. The methodological basis is structural analysis, theoretical models describing various conditions for the emergence and interaction of technologies, modes, sectors, econometric assessments and measurements. The research method is creation of econometric models of two-sector economy and statistical risk assessment. The paper formulates the condition for economic growth based on various modes of structural dynamics of technologies. Changes in risk, profitability and technical advancement of economy are provided in a sectoral context. The author presents a diagram of the ratio of technological development rates in the two-sector model of the economy, which incorporates the manufacturing and transactional-material sector, as well as forms an “interest rate portfolio”, i.e. the ratio of interest rates on sectoral lending affecting the redistribution of resources for new technologies. Our findings indicate that advanced technological development requires additional credit to be created and processing risk to be reduced by changing the structure of interest rates.

Suggested Citation

  • Oleg S. SUKHAREV, 2019. "Managing the technological development structure: Risk and “interest portfolio”," Upravlenets, Ural State University of Economics, vol. 10(1), pages 2-15, March.
    • Handle: RePEc:url:upravl:v:10:y:2019:i:1:p:2-15
    DOI: 10.29141/2218-5003-2019-10-1-1
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    MANAGEMENT PARAMETERS; TECHNOLOGICAL DEVELOPMENT; NEW TECHNOLOGY; OLD TECHNOLOGY; INVESTMENT; RISK; REDISTRIBUTION OF RESOURCES; INTERACTION OF ECONOMIC SECTORS; INTEREST PORTFOLIO; STRUCTURE OF ECONOMY; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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