Theoretical economics Theoretical economics Теоретическая экономика 2221-3260 84753 АКТУАЛЬНЫЕ ПРОБЛЕМЫ ТЕОРЕТИЧЕСКОЙ ЭКОНОМИИ ACTUAL PROBLEMS OF THEORETICAL ECONOMY АКТУАЛЬНЫЕ ПРОБЛЕМЫ ТЕОРЕТИЧЕСКОЙ ЭКОНОМИИ Investigation of the impact of innovations on macroeconomic dynamics in the post-Keynesian paradigm Исследование влияния инноваций на макроэкономическую динамику в системе посткейнсианской парадигмы https://orcid.org/0000-0002-6270-9002 Матризаев Бахадыр Джуманиязович Matrizaev Bahadyr Dzhumaniyazovich matrizaev@mail.ru

кандидат экономических наук;

candidate of economic sciences;

 Финансовый университет при Правительстве Российской Федерации Moscow Россия Federal State Budgetary Educational Institution of Higher Education "Financial University under the Government of the Russian Federation" Vladikavkaz Branch Moscow Russian Federation Российский государственный университет туризма и сервиса RU Russian State University of Tourism and Service RU 30 03 2022 30 03 2022 3 21 35 10 03 2022 17 03 2022 https://theoreticaleconomy.ru/en/nauka/article/84753/view

Данное исследование основано на постулатах калецкианско–посткейнсианской макроэкономической концепции и главной целью является исследование динамического влияния инноваций на ключевые макроэкономические переменные в контексте развития фондового рынка малого и среднего бизнеса в странах Азиатских Тигров (Гонконге, Сингапуре, Таиланде и Малайзии). Для эмпирического анализа были использованы модель векторной коррекции ошибок и функция импульсного отклика. Полученные в результате эмпирического анализа данные свидетельствуют о том, что развитие инноваций, стимулируемые ростом фондового рынка малого и среднего бизнеса, оказывают небольшое, но положительное влияние на краткосрочную экономическую динамику. Автором обнаружено, что развитие фондового рынка малого и среднего бизнеса способствует экономическому росту за счет сочетания роста частных инвестиций, сбережений и производительности только лишь в Гонконге, Сингапуре и Таиланде. В отличие от фактора фондового рынка, инновации способствуют экономическому росту за счет сочетания этих факторов и увеличения занятости во всех четырех странах.

This research is based on the postulates of the kalecki–post-keynesian macroeconomic concept and the main goal is to study the dynamic impact of innovations on key macroeconomic variables in the context of the development of the stock market of small and medium-sized businesses in the Asian Tiger countries (Hong Kong, Singapore, Thailand and Malaysia). A vector error correction model and an impulse response function were used for empirical analysis. The data obtained as a result of empirical analysis indicate that the development of innovations, stimulated by the growth of the stock market of small and medium-sized businesses, have a small but positive impact on short-term economic dynamics. The author found that the development of the stock market of small and medium-sized businesses contributes to economic growth by combining the growth of private investment, savings and productivity only in Hong Kong, Singapore and Thailand. Unlike the stock market factor, innovation contributes to economic growth by combining these factors and increasing employment in all four countries.

 инновации макроэкономические показатели экономический рост финансовые факторы. innovation macroeconomic indicators economic growth financial factors

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