Theories of economic growth and the role of the innovation factor

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Abstract

In the article, the author examines the theories of economic growth from the point of view of the use of factors of production and innovation as a factor of production. The author shows that the problems of economic growth have aroused close scientific interest for many centuries, as well as the analysis and classification of the main growth factors. In modern conditions, it is not so much quantitative as qualitative aspects of economic growth that are of particular importance, among which innovations play an important role. From the author's point of view, innovations that ensure the development of the digital economy will remain the leading factor of growth and stabilization of the economy in the long term.

About the authors

Victoria Sergeevna Ponomareva

Peoples’ Friendship University of Russia (RUDN University)

Author for correspondence.
Email: visoboll@mail.ru

Master's Student, Faculty of Economics

117198, Moscow, Miklukho-Maklaya str., 6

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