Analysis and Assessment of Added Value Formation Prospects of High-Tech Industries in the Global Economy

D. A. Sizova ()

International Trade and Trade Policy, 2024, vol. 10, issue 4

Abstract: The rapid transformations of the global economy in recent years have necessitated tracking the dynamics of knowledge-intensive and high-tech industries, identifying the prospects for their impact on the development of states in the modern global world. The purpose of the article is to study trends and identify the features of the formation of added value of the high-tech and knowledge-intensive industry at the global level and at the country level based on the international industry classification. The article provides a content analysis of available sources, uses databases of international statistics, Russian statistical yearbooks and thematic collections, and applies a multi-level comparative analysis of gross value added indicators of knowledge-intensive and high-tech industries. The study period is 2018–2022. The article considers the value added index of knowledge-intensive and high-tech industries, measured as the cost of goods and services produced by the industry (gross output), minus the cost of intermediate resources (energy, materials and purchased services). Based on the author's research, it is concluded that during the period under study, despite the increased economic pressure from sanctions, the high-tech sector of the economy of the Russian Federation developed especially dynamically. Based on the conducted research, the author identifies the points (countries) of breakthrough growth in the value added of Knowledge- and Technology-Intensive Industries in the global gross product, global value added by industry and by individual countries (China, USA, Russian Federation). The conducted research allows us to conclude that over the period under study, despite the increased economic and political pressure from sanctions, the high–tech sector of the Russian economy is increasing its share of value added. And Russia can reasonably be added to the countries of breakthrough growth in terms of added value in the global economy, China and the United States.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2024:id:727

DOI: 10.21686/2410-7395-2024-4-28-41

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