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The New Model of Economic Growth - an Objective Requirement for a Prospering Business

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  • Boyko Atanassov
  • Todor Nenov

Abstract

This paper substantiates the need for a transition to a new model of economic growth, determined by the levels reached by technology and science, by the challenges and objectives of social development, which necessitate the introduction of an attractive growth-generating policy at macro- and microlevels, corresponding to the abovementioned model. The essential features of the post-industrial growth model are given, namely, competitive, sustained, manageable, continuous, intensive (resource- and cost-efficient) and effective (profitable). A set of methodological tools is offered, including a set of indices indicating the type and nature of growth or decline of the industrial enterprise at microlevel, which would provide the opportunity for a better management of its economic development. Some models and methods are given, meant to optimize the resources reserve, their allocation and utilization with regard to their importance in order to increase the effectiveness of the capital involved and to make production less resource- and capital-intensive.

Suggested Citation

  • Boyko Atanassov & Todor Nenov, 2001. "The New Model of Economic Growth - an Objective Requirement for a Prospering Business," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 38-68.
  • Handle: RePEc:bas:econth:y:2001:i:7:p:38-68
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    More about this item

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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