Authors: A.V. Zhavoronok

Title of the article: Structural cycles and technological transitions in the modern economy

Year: 2021, Issue: 3, Pages: 57-66

Branch of knowledge: 5.2.1 Economics

Index UDK: 330.33.01

DOI: 10.26730/2587-5574-2021-3-57-66

Abstract: Dynamic and structural changes in the economy are an integral part of its devel-opment. Acting as an object of theoretical research, structural shifts and economic cycles are considered mainly aggregated, at the macroeconomic level, as driven by more abstract processes, such as scientific and technological progress and market imbalances. At the same time, the knowledge of the relationship between structural shifts and economic cycles requires the identification of the interrelationships of their driving forces at the micro- and meso-levels, in close connection with technological, production-organizational, investment changes. The main role in the analysis of the interaction of structural shifts and economic cycles is played by technological transitions – profound changes in the reproduction process, starting at the level of individual firms and spreading in the sectors of the economy and between them through technological platforms. Structural cycles as the embodiment of the nonlinearity of structural shifts in the context of nonlinear economic dynamics determine the trajectory of economic growth in the long term, therefore, should become the main object of macroeconomic policy.

Key words: structural shift structural cycle economic cycle structural policy economic growth

Receiving date: 17.09.2021

Approval date: 03.10.2021

Publication date: 17.12.2021

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