ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 52 No. 10 (2022)
INVESTMENT, INNOVATION & INDUSTRIAL POLICIES

New Global Players: The Origins of Acceleration and Deceleration (Empirical Observations)

PDF (Русский)
  • B.L. Lavrovskii
B.L. Lavrovskii
Novosibirsk State Technical University; Institute of Economics and Industrial Engineering, SB RAS, Novosibirsk
DOI: https://doi.org/10.30680/ECO0131-7652-2022-10-90-109

Published 2022-09-28

Keywords

  • economic growth; acceleration; growth factor; accumulation rate; incremental capital intensity; India; Indonesia; China; USA; Portugal

How to Cite

1.
Lavrovskii Б. New Global Players: The Origins of Acceleration and Deceleration (Empirical Observations). ECO [Internet]. 2022 Sep. 28 [cited 2024 Dec. 11];52(10):90-109. Available from: https://ecotrends.ru/index.php/eco/article/view/4519

Abstract

Of the many factors and conditions that determine the phenomenon of acceleration of economic development, the author of the article focused exclusively on the investment parameters. It is primarily about the impact on the rate of development of the scale (rate) of accumulation, as well as the qualitative characteristics of investment, defined as the incremental capital intensity. The origins of acceleration and deceleration of growth are revealed on the example of rapidly developing countries (India, Indonesia and China), using a very narrow set of tools. The author concludes that to maintain the high, sometimes increasing growth rates established in these countries in the long run, today requires a qualitative improvement of the production apparatus of all industries on the basis of the most advanced technologies. A similar task, which was once faced by developed countries, proved extremely difficult. This, apparently, to a certain extent explains the stabilization or even weakening of the macroeconomic dynamics of the three countries under consideration after the 2008-2009 crisis.
PDF (Русский)

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