Matrizaev B.D.Published in:
Russian Journal of Innovation Economics
– Volume 9, Number 3 (July-September 2019)

JEL classification: E61, F62, O21

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


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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.

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