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Research of Economic Models of Innovations Aimed at Overcoming the Deficit of Natural Resources
[Исследование Экономических Моделей Инноваций, Направленных На Преодоление Дефицита Природных Ресурсов]

Author

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  • Levin, Mark (Левин, Марк)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The growth of the modern economy to a large extent requires consumption Natural resources, many of which are non-reproducible. These natural resources, as a rule, are limited, at least in the short term, and therefore, with their growing consumption, there is an increasing deficit. The urgency of the work does not cause doubts - the deficit of natural resources greatly influences the development of the economy. The limitation of factors affecting economic growth is often included in macroeconomic models, for example, the Solow model, the Romer model, etc. However, numerous studies in this area generally do not include an analysis of which innovations with which properties and what type should be implemented to overcome certain limitations. Nevertheless, in the economic literature such questions were raised more than once (see, for example, Shilova NV, 2011), where numerous examples of this type of innovation were cited. In the work below, an attempt will be made to simulate a situation in which at least two options for investing in innovations are possible, and the firm chooses which scenario to follow. The model is quite simple, but it gives interesting practical results.

Suggested Citation

  • Levin, Mark (Левин, Марк), 2018. "Research of Economic Models of Innovations Aimed at Overcoming the Deficit of Natural Resources [Исследование Экономических Моделей Инноваций, Направленных На Преодоление Дефицита Природных Ресурсо," Working Papers 021803, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:wpaper:021803
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    References listed on IDEAS

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    1. Malginov, Georgiy (Мальгинов, Георгий) & Radygin, Alexander (Радыгин, Александр), 2015. "Property management of the state treasury of the Russian Federation: some of the current trends [Управление Имуществом Государственной Казны Рф: Некоторые Актуальные Тенденции]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 20-46.

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