Published in «Russian Journal of Innovation Economics»3 / 2019
DOI: 10.18334/vinec.9.3.41055

Research of the peculiarities of procyclical dynamics of investment in scientific-technological and innovative economy's development on the example of the countries with a "catch-up" model

Matrizaev Bakhadyr Dzhumaniyazovich, The Financial University under the Government of the Russian Federation, Russia

Исследование особенностей проциклической динамики инвестиций в научно-технологическое и инновационное развитие экономики на примере стран с «догоняющей» моделью - View in Russian

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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.


catching-up development, economic growth, evolution, innovation policy, investment, r d

JEL-Classification: E61, F62, O21

Matrizaev B.D. (2019). Research of the peculiarities of procyclical dynamics of investment in scientific-technological and innovative economy's development on the example of the countries with a "catch-up" model [Issledovanie osobennostey protsiklicheskoy dinamiki investitsiy v nauchno-tekhnologicheskoe i innovatsionnoe razvitie ekonomiki na primere stran s «dogonyayuschey» modelyu]. Russian Journal of Innovation Economics, 9(3). (in Russian). – doi: 10.18334/vinec.9.3.41055.

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