competitive advantage

Modeling of Innovative Development of Economy on the Basis of the Two Sector of Endogenous Growth

Introduction. Addressing the issues of economic development is driving growth and welfare of countries. Economic development of a country depends on the competitive advantages of the industrial complex and primarily commodity sector of the economy. Theoretical analysis. In the article the theory of imitation and innovation in the framework of endogenous theory economic development to study the dynamics of innovative development of countries with developing and transitional economies. The analysis of the innovative growth of economy in the conditions of increase of volumes of extraction of natural resources, conducted in the framework of the Solow model. Based on the study of foreign and domestic models of economic growth developed an approach that includes a simulation phase, which is the borrowing of advanced technology, and innovation, which dramatically increases the role of private research and development. Discussion of results. The article examines the factors hindering the growth of technological backwardness trap under- and overinvestment. Developed a model that describes the economy consisting of two sectors: the manufacturing sector and the sector of extraction of exhaustible resource. It is proved that in the context of a multisector approach and the endogenous dynamics of technical progress, the nature of the relationship between sectors is complicated. Thus in this work the study of this dynamics is performed using the methods of numerical simulation and mathematical description of the production function of the studied sectors.

Appoaches to the Development of Commodity Sector Russia

Introduction. Problematic issues of economic growth based on the development of the commodity sector are relevant for Russia due to the fact that the added value of primary industry generates significant share of gross domestic product. Economic development of the country at all levels of government depends on the competitive advantages of the industrial complex and primarily raw materials sector. Theoretical analysis. The article presents the methodological aspects of the theory of imitation and innovation in the framework of endogenous growth theory to study the dynamics of innovation development in developing and transition economies. In the framework of the theory is justified, for Russia optimal point of economic growth are high-tech sector, who is at the stage of innovation development. Studied the interdependence of innovation and competition. Justified by the impact of state orders for the development of innovation in Russia. Discussion of results. A scheme for the implementation of government programs to improve the system of public procurement through subsidies and concessional lending resources sector. Proposed direct and indirect methods of management innovation resources sector. The basic directions of development of innovation in the form of the commodity sector of the state order. Typology of regions held by the criterion of subsidies. Methodical approaches to mathematical modeling of economic growth and stability in the region on the basis of the research potential of the region and the number of region-of subjects and objects. Justified determinants of positive and negative effects of economic growth and the need for restructuring of industrial sectors on the basis of intellectual, technological and geographical competitive advantage.