| Issue |
SHS Web Conf.
Volume 116, 2021
10th Annual International Conference “Schumpeterian Readings” (ICSR 2021)
|
|
|---|---|---|
| Article Number | 00042 | |
| Number of page(s) | 5 | |
| DOI | https://doi.org/10.1051/shsconf/202111600042 | |
| Published online | 30 July 2021 | |
The recurrent approach to the study of innovative economic development
1 Perm National Research Polytechnic University, Perm, 614990, Russian Federation,
2 Perm State National Research Polytechnic University, Perm, 614990, Russian Federation,
* Corresponding author: ok.butorina@yandex.ru
The recurrent approach is an integrated approach that combines existing studies of cyclic macroeconomic processes, taking into account the nature of their intercyclic and interphase dependencies. According to this approach, the innovative economy is a natural phase of depression (interphase transition from the neo-industrial economy to the information innovative economy) within the modern transformation cycle. Recognition of the significance of the depression phase allows us to assert that the innovative economy has a twofold nature; it intertwines the processes characteristic of the neo-industrial economy, and forms processes that ensure a “breakthrough” to the neo-economy. In other words, it is dependent on the neo-industrial processes, implying increased digitalization, and becomes the basis for the development of the neo-economy. Taking into account the objectivity of the twofold nature of the innovative economy, it can be argued that it is a special type of the economic system based on a continuous stream of innovations, constant technological improvement, production and export of high-tech products with high added value and technologies, determined by a combination of information, technological, investment, industrial, structural and social transformations.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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