TRANSFORMATION AND CONCENTRATION OF INTELLECTUAL CAPITAL AS A FACTOR OF ECONOMIC GROWTH IN THE MODERN ECONOMY

Elena G. Popkova, Vladislav Yurev, Olga Stepicheva and Nikolay Denisov

Regional and Sectoral Economic Studies, 2015, vol. 15, issue 1, 53-60

Abstract: World experience shows that the high economic and social performance of the industrialized countries, their dynamism and flexibility in a progressive change in the structure of production in the direction of post-industrial society is directly related to the development of scientific and technological revolution, the effective use of its achievements. The hypothesis of the study is the assumption that the capacity of scientific and intellectual potential and its penetration into all areas without exception social production contributes to economic growth. At the present stage the concentration of intellectual capital has significant potential for economic activity, projecting the vector of development of society. This is a key factor, the development of which has a fairly comprehensive resource for qualitative and quantitative changes and time parameters. The study attempts to influence the transformation of scientific evidence and the concentration of intellectual capital on economic growth. The author defines the concept and essence of the concentration of intellectual capital, explores the main ways the concentration of intellectual capital, analyzes the process of reproduction of the intellectual capital and reveals a link gain imbalance of scientific and technological development of the major subsystems of the world economy and individual countries with the outflow of intellectual capital.

Keywords: intellectual capital; transformation; concentration; economic growth; modern economy. (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (13)

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