Evolution of theories and empirical models of a relationship between economic growth, science and innovations (Part I)
https://doi.org/10.25205/2542-0429-2017-17-4-5-21
Abstract
This article is a first chapter of an analytical review of existing theoretical models of a relationship between economic growth / GRP and indicators of scientific development and innovation activities, as well as empirical approaches to testing this relationship. Aim of the paper is a systematization of existing approaches to modeling of economic growth geared by science and innovations. The novelty of the current review lies in the authors’ criteria of interconnectedness of theoretical and empirical studies in the systematization of a wide range of publications presented in a final tablescheme. In the first part of the article the authors discuss evolution of theoretical approaches, while the second chapter presents a time gap between theories and their empirical verification caused by the level of development of quantitative instruments such as econometric models. The results of this study can be used by researchers and graduate students for familiarization with current scientific approaches that manifest progress from theory to empirical verification of a relationship «economic growth-innovations» for improvement of different types of models in spatial econometrics. To apply these models to management practices the presented review could be supplemented with new criteria for classification of knowledge production functions and other theories about effect of science on economic growth.
About the Authors
Marija Aleksandrovna Kaneva
https://www.ieie.su/persons/kaneva-ma.html
Институт экономики и организации промышленного производства СО РАН Институт экономической политики им. Е. Т. Гайдара
Russian Federation
Институт экономики и организации промышленного производства СО РАН Институт экономической политики им. Е. Т. Гайдара
Russian Federation
Galina Afanas'evna Untura
https://www.ieie.su/persons/untura-ga.html
Институт экономики и организации промышленного производства СО РАН Новосибирский национальный исследовательский государственный университет
Russian Federation
Институт экономики и организации промышленного производства СО РАН Новосибирский национальный исследовательский государственный университет
Russian Federation
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For citations:
Kaneva M.A., Untura G.A. Evolution of theories and empirical models of a relationship between economic growth, science and innovations (Part I). World of Economics and Management. 2017;17(4):5-21. (In Russ.) https://doi.org/10.25205/2542-0429-2017-17-4-5-21
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