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Policies And Innovations To Promote Economic Growth And Employment In The Age Of Globalization

Author

Listed:
  • Stefan Raychev

    (Department of Economic Science, University of Plovdiv Paisii Hilendarski)

  • Blaga Madzhurova

    (Department of Economic Science, University of Plovdiv Paisii Hilendarski)

  • Dobrinka Stoyanova

    (Department of Economic Science, University of Plovdiv Paisii Hilendarski)

Abstract

Over the last two decades, economic relations have been marked by fundamental changes. Globalization, the fourth technological revolution, the global economic crisis of 2008 are only part of the challenges facing each national economy.Methods have been used to illustrate the dynamics of the time series by major economic indicators through graphical and tabular visualization tools. Cross - correlation analysis using statistical software is applied to investigate the relationship and the relationship between the indicators used. The survey was conducted in the context of Bulgaria and the EU28 over a ten-year period by economic sectors and demographic groups.In certain sectors, an increase or decrease in the overall trend during the study period is observed. The nature of jobs in terms of sectoral employment is clearly changing from primary and secondary to tertiary. There is a clear significant link between investment in innovation and lifelong learning on economic growth and the dynamics of the labor market.In today's rethinking economic doctrines, the need to redefine economic policies is crucial in order to find the right path to manage the economic system through innovation, to enhance wealth through sustainable economic growth and an efficient labor market.

Suggested Citation

  • Stefan Raychev & Blaga Madzhurova & Dobrinka Stoyanova, 2020. "Policies And Innovations To Promote Economic Growth And Employment In The Age Of Globalization," Proceedings of Economics and Finance Conferences 10912996, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:10912996
    as

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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Roberto Camagni & Roberta Capello, 2013. "Regional Innovation Patterns and the EU Regional Policy Reform: Toward Smart Innovation Policies," Growth and Change, Wiley Blackwell, vol. 44(2), pages 355-389, June.
    3. Jones, Charles I., 2005. "Growth and Ideas," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 16, pages 1063-1111, Elsevier.
    4. Grossman, Gene M. & Helpman, Elhanan, 1995. "Technology and trade," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 25, pages 1279-1337, Elsevier.
    5. Dirk Czarnitzki & Otto Toivanen, 2013. "Innovation Policy and Economic Growth," European Economy - Economic Papers 2008 - 2015 482, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Innovation; Economic growth; Employment; Employment policies; EU; Bulgaria;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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