An Empirical Analysis of the Development of Russian Innovation Economy — Based on the Solow Growth Model

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v2i5.503

Yun Zuo

School of International Trade and Economics, Dongbei University of Finance and Economics, Dalian 116025, Liaoning, China

Abstract

Russia's long-term dependence on the development model of the resource economy can achieve the construction of the "oil curse", and the innovative economy has become an inevitable choice for its economic development. Measures to optimize the environment and mechanisms for innovation. In order to travel the actual situation of Russia's innovative economic development, this article uses the Solow model to formulate time data from 2000 to 2018, constructs an economic development model of Russian economic innovation, and constructs an economic development model of technological innovation. The results show that Russia's technological innovation has a negative growth effect, and there are still upcoming events in the development of Russia's innovation economy.

Keywords

innovation economy, resource-dependent economy, technological innovation, technological progress

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Copyright © 2021 Yun Zuo

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