«Knowledge economy» and its contribution to the formation of economic growth rate

 
PIIS020736760008028-9-1
DOI10.31857/S020736760008028-9
Publication type Article
Status Published
Authors
Affiliation:
Address: Russian Federation, Moscow
Journal nameObshchestvo i ekonomika
EditionIssue 1
Pages22-37
Abstract

To assess the contribution of “knowledge economy” to the formation of economic growth rate in various countries, the author identifies two aggregated sectors: the “knowledge economy”, which includes certain types of activities related to the reproduction, replication and transfer of knowledge and the economy of other types of business activities for which these functions are not decisive. The use of structural analysis within the framework of this problem statement makes it possible to obtain a structural formula for assessing the contribution of each aggregated sector to the formation of the growth rate of gross value added (GDP). The research reveals that the share of “knowledge economy” in Russia and its contribution to the formation of economic growth rate remains rather low, compared with other countries under consideration. This said, the formation of a new growth model for Russian economy should comprise the measures ensuring the expansion of the "knowledge economy” capabilities and increasing its role in the development of the economy. 

Keywords“knowledge economy”, economic growth, gross domestic product, sector contribution to the economic growth rate, growth rate ratio
Received30.01.2020
Publication date31.01.2020
Number of characters41157
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