ВЗАИМОСВЯЗЬ ТЕОРИИ ЭКОНОМИЧЕСКОГО РОСТА И СОВРЕМЕННОЙ МАКРОЭКОНОМИЧЕСКОЙ ПОЛИТИКИ
THE RELATIONSHIP BETWEEN THE THEORY OF ECONOMIC GROWTH AND MODERN MACROECONOMIC POLICY

Author(s): Goguadze Marat Grigorievich, Shmatko Aleksey Dmitrievich
Subject(s): History, Economy, Micro-Economics, Economic history, Financial Markets, Socio-Economic Research
Published by: Бургаски свободен университет
Keywords: economic growth; macroeconomic policy
Summary/Abstract: The article analyzes the key theories and models of economic growth, namely: neoclassical and Keynesian directions. The authors conclude that a solid theoretical foundation for the theory of economic growth was laid in the 1930-1950s, when the world economy faced many challenges, while it is important to note that the modern economy is developing rapidly, forcing us to reconsider existing paradigms. For example, the modern economic system has brought in the latest theories of endogenous growth, including the study of the role of increasing returns, research and development, human capital, and technology diffusion.

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