Institutional Determinants of Implementation of the Smart Specialization Concept: Case for Old Industrial Coal-Mining Regions in Ukraine
Journal Title: Journal of European Economy - Year 2018, Vol 17, Issue 3
Abstract
The role of ensuring the economy of the country as factors of production for its competitiveness in the world markets of goods and services is substantiated. It is proved that the artificial reduction of the share in the production function of one of the factors leads to an increase in its price (share) in the national product. This gave a chance to scientifically and methodologically substantiate the position according to which emerging market countries must form an effective aggregate demand through the formation of the middle class and any slowing down in this direction leads to curtailment of economic development. Instead, the uneven distribution of the global economy is spreading and the death penalty is formed, which consumption costs are motivated by scientific and technological progress.
Authors and Affiliations
Oleksandr Amosha, Myroslava Soldak, Danylo Cherevatskyi
Keywords
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- EP ID EP506026
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