Industrial policy under Neo-Schumpeterian concept of structural technological dynamics: Case of Ukraine

Iurii Bazhal

MPRA Paper from University Library of Munich, Germany

Abstract: In nowadays the conception of “Industrial Modernization” has become a popular in many countries, especial amongst those that have weaknesses of the innovation development potential. In Ukraine also many experts suggest to build a strategy of economic development on a base of supporting the traditional industrial enterprises through their modernization. This point of view has limitation due to the modern traditional industrial markets become mature very quickly, and their profitability decreasing. The current economic crisis has confirmed this finding. In controversy to “Industrial Modernization” approach this paper examines the Neo-Schumpeterian “Technological Paradigms” concept according to which the wealth growth of country or region depends first of all on development of a new high technology sectors. Such attitude creates theoretical basis for a new vision of the basic principles to ensure economic development and sets new requirements to the state economic policy. Such attitude creates theoretical basis for a new vision of the basic principles of economic policy where the evaluation the structure of national economy is measured by proportion of sectors that belong to the different technological paradigms. Neo-Schumpeterian approach has been used to calculate indicators of the corresponding structural dynamics of Ukrainian industrial sectors for the country and regions. It is proposed the classification of statistics indicators in order to estimate the industrial structure by technological levels of different sectors according to "technological paradigms" concept. The corresponding policy recommendations are offered.

Keywords: Neo-Schumpeterian concept; technological paradigms; innovation development; industrial structural policy; economy of Ukraine (search for similar items in EconPapers)
JEL-codes: O14 O33 O38 O57 (search for similar items in EconPapers)
Date: 2014-10-01, Revised 2015-10-24
New Economics Papers: this item is included in nep-cis, nep-cse and nep-ino
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