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CURRENT MACROECONOMIC DEVELOPMENT CONSTANTS OF TECHNOLOGICALLY LEADING COUNTRIES
Abstract:
The studies on the dynamics of economic growth of most countries make it possible to assert that the development of technologically advanced countries in modern conditions is characterized by a certain constant, which can be considered as “current macro-constant of development.” The article indicates their relevance and justifies the statement that “current macro-constants of development” can and should be a landmark of strategic development of all countries aspiring towards equal economic and political relations with the technologically leading countries. The paper identifies the conditions under which the group macro-constant of development appears, evaluates particular values of macro-constants in different countries and presents a number of advantages of long-term growth measure in the absolute values of the change rate of the annual income per capita of the country compared to other indicators Conclusions are based on the analysis of long-term data of total GDP, GDP per capita and their derivatives in most countries of the world. The analysis of statistical information has been done by using the well-known econometric methods - correlation, regression and cluster analysis. The practical importance of the results is characterized by the opportunity for their long-term use (15 years or more), forecasting and strategic planning of growth rates, both for companies and countries within industrial and economic policies.
CITATION:
IEEE format
V. Yusim, A. Bystrov, D. Fialkovskiy, “CURRENT MACROECONOMIC DEVELOPMENT CONSTANTS OF TECHNOLOGICALLY LEADING COUNTRIES,” in Synthesis 2015 - International Scientific Conference of IT and Business-Related Research, Belgrade, Singidunum University, Serbia, 2015, pp. 475-480. doi:10.15308/Synthesis-2015-475-480
APA format
Yusim, V., Bystrov, A., Fialkovskiy, D. (2015). CURRENT MACROECONOMIC DEVELOPMENT CONSTANTS OF TECHNOLOGICALLY LEADING COUNTRIES. Paper presented at Synthesis 2015 - International Scientific Conference of IT and Business-Related Research. doi:10.15308/Synthesis-2015-475-480
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