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The New Model of Economic Growth – Necessity for the Successful Business

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  • Boyko Atanassov
  • Todor Nenov

Abstract

The study gives reasons for the necessity of a transition to a new model of economic growth, determined by the achieved level of technological and scientific development, by the new challenges and objectives of the society development that impose attractive policy at macro and micro level for generating a growth that will respond to the new model. Revealed are the most substantial characteristics of the new sub-industrial model of economic growth, namely the model of competitive, sustainable, managed, continuous, intensive (resourcefully and costly economic) and effective (profitable) growth. Suggested are methodical instruments that include a system of indexes for estimation of the type and character of the growth or fall at micro level in the industrial enterprises, which will allow a better management of the their economic development. Suggested are models and methods for optimization of the reserve of resources in their distribution and use, as an important premise for increase of the effectiveness from the use of engaged capital and for decrease of the resourcefulness and the cost of the production.

Suggested Citation

  • Boyko Atanassov & Todor Nenov, 2000. "The New Model of Economic Growth – Necessity for the Successful Business," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-32.
    • Handle: RePEc:bas:econst:y:2000:i:1:p:3-32
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