Article 16318

Title of the article

STRUCTURAL SHIFTS AS A PROPERTY OF ECONOMIC GROWTH 

Authors

Perepelkin Vyacheslav Aleksandrovich, Doctor of economic sciences, associate professor, professor at the sub-department of world economy, Samara State University of Economics (141 Sovetskoy Armii street, Samara, Russia), E-mail: slavaap@rambler.ru
Perepelkina Elena Vyacheslavovna, Postgraduate student, Samara State University of Economics (141 Sovetskoy Armii street, Samara, Russia), E-mail: elena.perepelkina21@gmail.com
Perepelkina Inna Gennad'evna, Senior lecturer, sub-department of economics, Samara State University of Social Sciences and Humanities (26 Antonova-Ovseenko street, Samara, Russia), E-mail: inhen1212@gmail.com 

Index UDK

330.341.4 

DOI

10.21685/2072-3016-2018-3-16 

Abstract

Background. The present work examines the problem of accounting for a structural shift in the course of exploration of economic growth by proponents of different economics branches. The topicality of its solution in practice is determined by the challenge of combining technological and scientific development with general economic equilibrium maintenance. The objective of the work is to prove structural changes as an intrinsic property of economy’s growth and development as well as to include most significant ones into the range of factors considered in macroeconomic modeling.
Materials and methods. Structural research of domestic and foreign scholars serves as the foundation for analysis. Systemic approach and structural-functional method constitute a methodological basis for studying structural shifts on the conceptual level and as an integral phenomenon of economic life.
Results. This work defines traits characteristic of a structural shift; an author’s definition of the aforementioned notion of economics is formulated subsequently. It is established that multi-levelness and diversity of the structural shift have not been yet properly reflected in macroeconomic investigations, which mainly concentrate on two- or three-sectoral models.
Conclusions. Theoretic and methodological analysis leads to the conclusion about necessity of inclusion of structural dynamics into the setup of models describing contemporary economic growth in the capacity of a factor but not merely a result. Correction of scientists’ views on the place of equilibrium in economic growth theory along with the assumption about endogenous nature of technological progress opened up new perspectives for studying the mechanism of available resources redistribution between the parts of an economy with the purpose of their better utilization. 

Key words

structural shift, economic growth, equilibrium, growth models, technological progress, research and development, kinds of economic activity 

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References

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Дата создания: 03.04.2019 11:18
Дата обновления: 08.04.2019 16:01