{"title":"Institutions-technologies interaction and economic growth","authors":"V. Tambovtsev","doi":"10.29141/2073-1019-2019-20-2-3","DOIUrl":"https://doi.org/10.29141/2073-1019-2019-20-2-3","url":null,"abstract":"The paper explores the interactions between technologies and institutions in terms of their influence on economic growth. The author demonstrates that long-term economic growth is determined by as a complex of causes including quality of institutional environment, and national innovative capacity. The economist introduces a working definition of technology as a set of material artefacts (things and / or living organisms) utilized by individuals followed by technological norms (rules) to transform resources into desired results (products). As opposed to other norms, the enforcement mechanism of technological norms includes not only managers’ actions on maintaining technological discipline, but also laws of nature. Workers’ compliance with technological norms (level of technological discipline) rests on their subjective norms that in turn are connected with tightness / looseness of national culture and institutional environment. Diffusion of new technologies within and across economy depends on firms’ incentives as potential recipients of them, and the incentives are determined by the level of competition in the economy and level of economic freedom, i.e. quality of institutional environment. Finally, the paper discusses the factors behind the development of Russia’s innovative capacity that influence economic growth","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46521736","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Technologies for designing spatial development of an industrial metropolis","authors":"Yulia Lavrikova, V. Akberdina","doi":"10.29141/2073-1019-2019-20-2-5","DOIUrl":"https://doi.org/10.29141/2073-1019-2019-20-2-5","url":null,"abstract":"","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49286267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic growth and technological renewal: Structural dynamics","authors":"O. Sukharev","doi":"10.29141/2073-1019-2019-20-2-2","DOIUrl":"https://doi.org/10.29141/2073-1019-2019-20-2-2","url":null,"abstract":"The study centres on discovering and analysing structural-technological problems of national economic growth using the case of Russia. The theories of economic growth and institutional theory form the methodological basis of the research. For the purposes of the study, the author applies the taxonomy method, structural and econometric analysis and obtains a two-sector economic model describing various modes and conditions of growth. The model shows the influence of the structure “old-new” technologies” depending on investments in this structure and the risk of doing business in manufacturing and transaction and basic materials sectors. The author investigates the unevenness of technological development in some Russian regions and proposes basic models of technological dynamics. These models mutually determine structural changes and economic growth, defining the impact of price dynamics, wages, emergence of new technologies on changes in the economic structure and growth rates. The author obtains a condition for the growth rates of new technologies depending on the development of the transaction and basic materials sector, and models technological development according to the structure of investments in technological renewal. On the basis of the technological development matrix and calculation of technology-intensity for individual regions the researcher demonstrates the different impact of investments in new and old technologies on the level of technology-intensity, which dictates the necessity to allow for the model of regional economy’s technological development while designing individual methods of structural and industrial policies. At the same time, the structural imbalance in the Russian economy extends its influence to the regions and this requires reducing the risk in the manufacturing sector in order to improve the possibilities of technological renewal of the Russian economy. The research findings can be taken into account while formulating the macroeconomic policy and used as an empirical evidence for further investigation of structural-technological and institutional changes’ impact on the long-term growth.","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47643213","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Towards a Global New Deal","authors":"A. Evans","doi":"10.1111/1468-0041.00257","DOIUrl":"https://doi.org/10.1111/1468-0041.00257","url":null,"abstract":"","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":"1 1","pages":"127-132"},"PeriodicalIF":0.0,"publicationDate":"2002-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73308162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Restructuring Central Banks","authors":"C. Weller","doi":"10.1111/1468-0041.00264","DOIUrl":"https://doi.org/10.1111/1468-0041.00264","url":null,"abstract":"","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":"193 1","pages":"166-170"},"PeriodicalIF":0.0,"publicationDate":"2002-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73195811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Alternative to Kyoto","authors":"Warwick McKibbin, P. Wilcoxen","doi":"10.1111/1468-0041.00258","DOIUrl":"https://doi.org/10.1111/1468-0041.00258","url":null,"abstract":"","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":"27 1","pages":"133-138"},"PeriodicalIF":0.0,"publicationDate":"2002-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81239582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Britannia Waives the Rules","authors":"M. Grubb","doi":"10.1111/1468-0041.00259","DOIUrl":"https://doi.org/10.1111/1468-0041.00259","url":null,"abstract":"","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":"52 1","pages":"139-142"},"PeriodicalIF":0.0,"publicationDate":"2002-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81230238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Taking a Step Back","authors":"T. Grayling","doi":"10.1111/1468-0041.00261","DOIUrl":"https://doi.org/10.1111/1468-0041.00261","url":null,"abstract":"","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":"56 1","pages":"148-153"},"PeriodicalIF":0.0,"publicationDate":"2002-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84846098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sustainable Aviation Policy","authors":"Simon Bishop","doi":"10.1111/1468-0041.00260","DOIUrl":"https://doi.org/10.1111/1468-0041.00260","url":null,"abstract":"","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":"26 1","pages":"143-147"},"PeriodicalIF":0.0,"publicationDate":"2002-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90529344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Britain's financial system","authors":"Matthew Watson","doi":"10.1111/1468-0041.00265","DOIUrl":"https://doi.org/10.1111/1468-0041.00265","url":null,"abstract":"Two years have now elapsed since the tech-stock share bubble burst – most notably on the NASDAQ in New York, but engulfing other high-tech markets as well. In Britain, as in other countries, the overall stock market environment has been relatively bearish in the intervening period. The two events are not causally linked, in that the subsequent decline in established and blue-chip markets is not directly attributable to contagion spreading from the high-tech sector. Yet, taken together, these events have served to divert the attention of both the academic and the policy communities from the wider implications of the ‘new economy’. The ‘new economy’ became so associated with the image of an ever more bullish stock market that the mere presence of falling share prices has stalled the debate about what the ‘new economy’ is, what benefits it could bring, and how it could be integrated into existing economic structures. I suggest that the time is now right to revisit that debate and, in so doing, to reclaim the discussion of the ‘new economy’ from the share price bubble with which it has been popularly linked.","PeriodicalId":33954,"journal":{"name":"Journal of New Economy","volume":"16 1","pages":"171-176"},"PeriodicalIF":0.0,"publicationDate":"2002-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86415587","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}