{"id":374,"date":"2019-08-07T15:56:11","date_gmt":"2019-08-07T13:56:11","guid":{"rendered":"https:\/\/sofs.org.ua\/?page_id=374"},"modified":"2021-01-27T19:37:45","modified_gmt":"2021-01-27T17:37:45","slug":"1-3","status":"publish","type":"page","link":"https:\/\/sofs.org.ua\/en\/sample-page\/arhiv\/2018-2\/1-2\/1-3\/","title":{"rendered":"1.2"},"content":{"rendered":"

ABOUT THE INFLUENCE OF MULTIPLICATIVE EFFECTS OF TECHNOLOGICAL INNOVATIONS ON THE DYNAMICS OF ECONOMIC GROWTH: THE ROLE OF N.D. KONDRATIEV\u2019S STUDIES<\/strong><\/p>\n

1<\/sup>V.<\/strong>P. <\/strong>SOLOVIOV
\n<\/strong>https:\/\/orcid.org\/0000-0001-5087-9007
\n<\/a>1<\/sup>A.<\/strong>S. <\/strong>SOSNOV
\n<\/strong>https:\/\/orcid.org\/0000-0002-4776-1806
\n<\/a>1<\/sup>Dobrov Institute for Scientific and Technological Potential and Science History Studies of the NAS of Ukraine<\/p>\n

Nauka naukozn. 2019, 1(103): 3-18
\nhttps:\/\/doi.org\/10.15407\/sofs2019.01.003<\/a><\/p>\n

Section<\/strong>: Science and Innovation-driven development of economy and society
\nLanguage<\/strong>: Russian
\nAbstract<\/strong>: Russian scientist N.D. Kondratiev (1892\u20131938) is considered as a founder of the theory of macroeconomic dynamics and the author of original models of economic growth based on the assessment of the impact of the science & technology progress and multiplicative effects of technological innovations. While economists of his time either avoided to consider the contribution of the science & technology progress in the economy or considered it as an exogenous factor, Kondratiev demonstrated the reasons why this factor was endogenous and why the distinguishing line between the processes involved in invention and implementation was so important.<\/p>\n

The article aims to show the Kondratiev\u2019s contribution in developing the theory of multiplicative macroeconomic effects from innovations considering the pattern of effects from technological development for the dynamics of the national economy\u2019s growth and respective macroeconomic parameters, proposed by him. The Kondratiev\u2019s model of economic dynamics, scrutinized in the article, shows theoretically the impact of technological development and innovation on macroeconomic processes.<\/p>\n

The Kondratiev\u2019s model demonstrates that macroeconomic development will inevitably be slower if no technical and technological change is brought into the production process: a conclusion to be rediscovered by \u201cclassical\u201d macroeconomists two decades after Kondratiev. So, the Kondratiev\u2019s mode does not contradict \u201cclassical\u201d model of multiplier theory by J. Keynes and the economic development theory of J. Schumpeter. The vision of multiplicative effects of innovations by Kondratiev and Schumpeter were by large similar and complementary. Each of them regarded technological development and innovation is the key driver of the socio-economic advancement and the nation\u2019s well-off, although many nuances were seen by them differently: the economic impact of science & technology progress was believed to be exogenous by Kondratiev and endogenous by Schumpeter.<\/p>\n

Keywords<\/strong>: innovations, multiplicative macroeconomic effects of innovations, science and technology potential, technological development.<\/em><\/strong><\/p>\n

REFERENCES<\/strong><\/p>\n

    \n
  1. Kondratiyev, N.D. (2002). Big conjuncture cycles and the theory of prediction<\/em>. Selected works. Moscow: Ekonomika, 767 [in Russian].<\/li>\n
  2. Kondratiyev, N.D. (1989). Problems of economic dynamics<\/em>. Moscow: Ekonomika, 526 [in Russian].<\/li>\n
  3. Kondratiyev, N.D. (2004). Suzdal letters<\/em>. Moscow: Ekonomika, 877 [in Russian].<\/li>\n
  4. Bratus, \u0410.S., Novozhylov, \u0410.S., Platonov, \u0410.P. Dynamic systems and models of biology (draft). 436\u00a0p. Retrieved from http:\/\/avmaksimov.ucoz.ru\/_ld\/1\/109_-Bratus_A-Novoz.pdf<\/a> [in Russian].<\/li>\n
  5. Kondratiyev, N.D. (1993). Selected works<\/em>. Moscow: Ekonomika, 543 [in Russian].<\/li>\n
  6. Schumpeter, J. (1982). The theory of economic development: (An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle). Trans. from English. Moscow: Progress, 455\u00a0[in Russian].<\/li>\n<\/ol>\n
      \n
    1. Keynes, J.M. (1978). The General Theory of Employment, Interest, and Money<\/em>. Trans. from English. Moscow: Progress, 494\u00a0[in Russian].<\/li>\n<\/ol>\n

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      ABOUT THE INFLUENCE OF MULTIPLICATIVE EFFECTS OF TECHNOLOGICAL INNOVATIONS ON THE DYNAMICS OF ECONOMIC GROWTH: THE ROLE OF N.D. KONDRATIEV\u2019S STUDIES 1V.P. SOLOVIOV https:\/\/orcid.org\/0000-0001-5087-9007 1A.S. SOSNOV https:\/\/orcid.org\/0000-0002-4776-1806 1Dobrov Institute for Scientific and Technological Potential and Science History Studies of the NAS of Ukraine Nauka naukozn. 2019, 1(103): 3-18 https:\/\/doi.org\/10.15407\/sofs2019.01.003 Section: Science and Innovation-driven development of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":364,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"translation":{"provider":"WPGlobus","version":"2.12.2","language":"en","enabled_languages":["uk","en","ru"],"languages":{"uk":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"\n1.2 - Science and Science of Science<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sofs.org.ua\/sample-page\/arhiv\/2018-2\/1-2\/1-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1.2 - 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