financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2023-27-6-31-43finance-2509Research ArticleДРАЙВЕРЫ ЭКОНОМИЧЕСКОГО РОСТАDRIVERS OF ECONOMIC GROWTHИсследование сравнительных характеристик и функциональных особенностей коинтеграции технологических инноваций и деловой активности и их влияния на формирование макроэкономической динамикиThe Research of Comparative Characteristics and Functional Features of the Co-integration of Technological Innovations and business Activity and their Impact on the Formation of Macroeconomic Dynamicshttps://orcid.org/0000-0002-6270-9002МатризаевБ. Д.MatrizaevB. J.

Бахадыр Джуманиязович Матризаев — кандидат экономических наук, доцент департамента экономической теории

Москва

Bahadyr J. Matrizaev — Cand. Sci. (Econ.), Assoc. Prof., Department of Economic Theory 

Moscow 

matrizaev@mail.ruФинансовый университетРоссияFinancial UniversityRussian Federation2023271220232763143Copyright © Матризаев Б.Д., 20232023Матризаев Б.Д.Matrizaev B.J.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/2509

Предмет исследования — причинно-следственная связь коинтеграции технологических инноваций и деловой активности и их влияние на формирование макроэкономической динамики в кратко- и долгосрочной перспективе. Цель работы — предложить комплексный подход к определению условий коинтеграции технологических инноваций и деловой активности для их последующего стимулирования экономического роста. Научный вклад и новизна исследования заключаются в эмпирическом анализе влияния изменений динамики комплексных показателей инновационного развития и деловой активности на экономический рост. Используя векторную модель коррекции ошибок, модели модульного корневого тестирования и других эконометрических методов, автор доказал, что в долгосрочной перспективе как деловая активность, так и инновации стимулируют экономический рост. В краткосрочной перспективе существуют прочные причинно-следственные связи, но они не всегда однородны. Главным выводом является тот факт, что полученные автором результаты подтверждают корректность использования подхода определения порядка интегрирования и наличия/отсутствия коинтеграции между показателями инновационного развития, деловой активности и экономического роста. Сводные результаты подтверждают существование тесной долгосрочной равновесной взаимосвязи между инновациями, деловой активностью и экономическим ростом.

The subject of the study is the causal relationship between the co-integration of technological innovations and business activity, and their impact on the formation of macroeconomic dynamics in the short and long-term. The purpose of the paper is to propose a comprehensive approach to determining the conditions for the co-integration of technological innovations and business activity for their subsequent stimulation of economic growth. The practical examination of the impact of changes in the dynamics of complex indicators of creative development and commercial activity on economic growth is the research’s scientific contribution and novelty. Using vector error correction models, modular root testing models and other econometric methods, the author demonstrated that both business activity and innovation stimulate economic growth in the long-term. In the short-term, there are strong causal relationships, but they are not always homogeneous. The main conclusion is the fact that the results obtained by the author confirm the correctness of using the approach of determining the order of integration and the presence/absence of co-integration between indicators of innovative development, business activity and economic growth. The summary results confirm the existence of a close long-term equilibrium relationship between innovation, business activity and economic growth.

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The authors declare that there are no conflicts of interest present.