Innovative Development and Economic Growth

  • Miron YAGOLNITSER Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, Novosibirsk, Russia
  • Lyudmila PEREPETCHKO Institute of Thermal Physics, Siberian Branch of the Russian Academy of Sciences, Novosibirsk, Russia
  • Lyudmila PEREPETCHKO Institute of Thermal Physics, Siberian Branch of the Russian Academy of Sciences, Novosibirsk, Russia

Abstract

With reliance on the World Bank statistics, we prove that innovation exports distribution is subjected to the well-known Zipf Law (rank – frequency distribution) – one of a family of related discrete power type probability distributions. For countries belonging to the core of high-tech exports power-type distribution, we define significant statistical dependences of the share of high-tech products being exported on the values pertaining to the innovative component of intellectual capital (patent applications, trademarks, pre-production prototypes and designs). We define a relation of the share of added value created in different countries to the share of their respective high-tech exports. We establish that under the current world economic crisis, the growth of innovation sector has multiplied the growth of added vale in an economy, with multiplication ratio > 1.

References

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Published
2017-06-07
How to Cite
YAGOLNITSER, Miron; PEREPETCHKO, Lyudmila; PEREPETCHKO, Lyudmila. Innovative Development and Economic Growth. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 1, p. 261-266, june 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1152>. Date accessed: 29 mar. 2024.