Download PDF | Downoads: 38
Abstract:The article deals with theoretical and methodological approaches and a review of applied research of macroeconomic analysis of innovation and economic growth in countries with a “catch-up model“ of economic development. In particular, the causal relationship between investment in R&D and GDP growth is analyzed. The article describes the evolution of innovation policy in Mexico, taking into account the most relevant changes in the scientific and technological dynamics and the economic system over the past forty years. In this study, using data on GDP and R&D expenditure, the need to use the method of systemic co-integration to test the model that links economic growth with public R&D expenditure and total investment is revealed.
Also, the advantages of macro-strategic targeting and the evolution of innovation policy are considered. For the convenience of the analysis, the evolution of innovation policy, from the point of view of macro-strategic programming, is grouped into three large stages.
The empirical assessment includes alternative ways of interpreting the innovation policy of the countries with an import-substituting model of economic policy and the possibility of its adaptation to modern conditions of economic development in Russia.
Keywords:catching-up development, economic growth, evolution, innovation policy, investment, r d
JEL-Classification: E61, F62, O21
References (transliterated):Archibugi D., Coco A. (2004). A New indicator of technological capabilities for developed and developing countries (ArCo) World Development. 32 (4). 629-654.
Bloom N., Schankerman M., Van Reenen J. (2013). Identifying technology spillovers and market rivalry Econometrica. 81 (4). 1347-1393.
Capdevielle M., Natera J.M. (2016). Innovation, absorptive capacity and growth heterogeneity: Development paths in Latin America 1970–2010 Structural Change and Economic Dynamics. (37). 27-42.
Castellacci F., Natera J.M. (2013). The dynamics of national innovation systems: A panel cointegration analysis of the coevolution between innovative capability and absorptive capacity Research Policy. 42 (3). 579-594.
Castellacci F., Natera J.M.. (2016). Innovation, absorptive capacity and growth heterogeneity: Development paths in Latin America 1970–2010 Structural Change and Economic Dynamics. 37 27-42.
Cowan R., Foray D. (2002). Evolutionary economics and the counterfactual threat: on the nature and role of counterfactual history as an empirical tool in economics Journal of Evolutionary Economics. 12 (5). 539-562.
Dodgson, M., Mathews, J., Kastelle, T. and Hu. T. (2008). The evolving nature of Taiwan’s national innovation system: The case of biotechnology innovation networks Research Policy. 37 (3). 430-445.
Edquist C., Hommen L. (2008). Small Country Innovation Systems: Globalization, Change and Policy in Asia and Europe Cheltenham: Edward Elgar Publishing.
Fagerberg J. (1994). Technology and international differences in growth rates Journal of Economic Literature. 32 (3). 1147-1175.
Fagerberg J., Verspagen B. (2007). Innovation, growth and economic development: Have the conditions for catch-up changed? International Journal of Technological Learning, Innovation and Development. 1 (1). 13-33.
Freeman C. (1991). Networks of innovators: A synthesis of research issues Research Policy. 20 (5). 499-514.
Government innovation drive continues in MexicoOxfordbusinessgroup. Retrieved from https://oxfordbusinessgroup.com/overview/innovation-drive-government-efforts-improve-scientific-research-and-link-it-business-creation
Gómez-Merino F.C., Trejo-Téllez L.I., Méndez-Cadena M.E., Hernández-Cázares A.S. (2017). Education, Science and Technology in Mexico: Challenges for Innovation International Education Studies. 10 (5).
Innovation Policy Platform. Retrieved from https://innovationpolicyplatform.org/system/files/sti-outlook-2014-mexico.pdf
Johansen S. (1995). Identifying restrictions of linear equations with applications to simultaneous equations and cointegration Journal of Econometrics. 69 (1). 111-132.
Katukov D. D., Malygin V. E., Smorodinskaya N. V. (2019). Faktor sozidatelnogo razrusheniya v sovremennyh modelyakh i politike ekonomicheskogo rosta [The factor of creative destruction in modern economic growth models and growth policy]. Voprosy Ekonomiki. (7). 95-118. (in Russian). doi: 10.32609/0042-8736-2019-7-95-118.
Kim L. (1997). Imitation to Innovation: The Dynamics of Korea’s Technological Learning Cambridge, MA: Harvard Business Press.
Kleyner G.B. (2015). Sistemnye tsikly ekonomicheskoy dinamiki i ustoychivost natsionalnoy ekonomiki [The system cycles of the economic dynamics and the stability of the national economy] M.: Izdanie Gosudarstvennoy Dumy. (in Russian).
Lee K. (2013). Schumpeterian Analysis of Economic Catch-Up: Knowledge, Path Creation and the Middle Income Trap Cambridge: Cambridge University Pres.
List F. (1993). Natsionalnaya sistema politicheskoy ekonomii [The national system of political economy] M.: Nauka. (in Russian).
Lundvall B.- A., Joseph K.J., Chaminade C., Vang J. (2009). Handbook of Innovation Systems and Developing Countries: Building Domestic Capabilities in a Global Setting Cheltenham: Edward Elgar Publishing.
Maevskiy V.I., Malkov S.Yu., Rubinshteyn, A.A. (2016). Novaya teoriya vosproizvodstva kapitala [A new theory of the reproduction of capital] M.-SPb.: Nestor-Istoriya. (in Russian).
Malerba F., Nelson R., Orsenigo L., Winter S. (2016). Innovation and the Evolution of Industries: History Friendly Models Cambridge, UK: Cambridge University Press.
Mazzucato M. (2013). The Entrepreneurial State London: Anthem Press.
Mironov V.V., Konovalova L.D. (2019). O vzaimosvyazi strukturnyh izmeneniy i ekonomicheskogo rosta v mirovoy ekonomike i Rossii [On the relationship of structural changes and economic growth in the world economy and Russia]. Voprosy Ekonomiki. (1). 54-78. (in Russian). doi: 10.32609/0042-8736-2019-1-54-78 .
Mohnen P., Vankan A., Verspagen B. (2017). Evaluating the innovation box tax policy instrument in the Netherlands Oxford Review of Economic Policy. 33 (1). 141-156.
Mowery D.C., Nelson R.R. (2008). Sources of Industrial Leadership: Studies of Seven Industries Cambridge: Cambridge University Press.
Nelson R.R. (1993). National Innovation Systems: A Comparative Analysis Oxford: Oxford University Press.
Shumpeter Y.A. (2007). Teoriya ekonomicheskogo razvitiya [The theory of economic development] M.: Eksmo. (in Russian).
Smit A. (2017). Issledovanie o prirode i prichinakh bogatstva narodov (knigi I—III) [An inquiry into the nature and causes of the wealth of Nations (books I—III)] Izd-vo Sotsium, LKI. (in Russian).
Solou R.M. (1957). Tekhnicheskoe razvitie i agregirovannaya proizvodstvennaya funktsiya [Technical development and aggregate production function]. The Rev. Econ. Stat. 39 (3). 312-320. (in Russian).
Solow R.M. (1956). A contribution to the theory of economic growth Quarterly Journal of Economics. 70 (1). 65-94.
Sukharev O.S. (2015). Ekonomicheskiy rost, instituty i tekhnologii [Economic growth, institutions, and technologies] M.: Finansy i statistika. (in Russian).
Sukharev O.S. (2017). Evolyutsionnaya ekonomicheskaya teoriya institutov i tekhnologiy. Problemy modelirovaniya [Evolutionary economic theory of institutions and technologies. Problems of modeling] M.: Lenand. (in Russian).
Sukharev O.S., Logvinov S.A. (2013). Upravlenie strukturnymi izmeneniyami ekonomiki [The management of structural changes in the economy] M.: KURS: INFRA-M. (in Russian).
Ugur M., Trushin E., Solomon E., Guidi F. (2016). R&D and productivity in OECD firms and industries: A hierarchical meta-regression analysis Research Policy. (45). 269-286.