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On the relationship of structural changes and economic growth in the world economy and Russia
https://doi.org/10.32609/0042-8736-2019-1-54-78
Abstract
The article analyzes the relationship between structural changes and economic growth in the world economy and Russia. The authors note the emergence of a growth model in the world economy based on the complementarity of economic policies aimed, on the one hand, at the development of fundamental foundations of economic growth (institutions, human capital, infrastructure, macroeconomic stabilization), and, on the other hand, at initiating growth through structural reforms (even under stable foundations). Analyzing the trends of structural changes in the world economy, the authors consider new forms of structural policy, in particular, the ones oriented at the issue of identification of sectors — potential drivers of economic growth using the portfolio approach. A preliminary version of the model of Russian economy based on the multi-sector variety of the Thirlwall’s law is presented in the paper.
Keywords
economic growth,
labour productivity,
structure of economy,
structural policy,
Thirlwall’s law,
Russia
JEL: O10; O11; O14; O40; O50; P52
About the Authors
V. V. Mironov
National Research University Higher School of Economics
Russian Federation
Russian Federation
Valery V. Mironov
Moscow
L. D. Konovalova
National Research University Higher School of Economics
Russian Federation
Russian Federation
Liudmila D. Konovalova
Moscow
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Mironov V.V., Konovalova L.D. On the relationship of structural changes and economic growth in the world economy and Russia. Voprosy Ekonomiki. 2019;(1):54-78. (In Russ.) https://doi.org/10.32609/0042-8736-2019-1-54-78
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