Abstract
This article is a continuation of the paper “The Uneven Development Paradox of the High-Tech Sector Amid Comparable Economic Growth in the EU and the United States” published in the previous issue of the journal, and it examines the theoretical and strategic implications of the previously obtained results. These results show that the role of integration of traditional industries in Europe is underestimated: economic growth is stimulated not only by (high-tech) industry specialization, but also by the integration of (traditional) industries. The data obtained are placed in the context of the theory of varieties of capitalism by Hall and Soskice. Particular attention is paid to the problem of high-tech development of the EU; it has been established that the high-tech industry of the EU produces products that are less attractive to traditional industries and consumers in the EU than abroad.
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Notes
Sectoral structure of R&D expenditures in the EU15 in the period of 1995–2005 remained fairly stable: SB—28%; SS—28%; SI—36%; SD—8%, while in the United States, relative R&D expenditures increased in SB (from 29 to 42%) and SI (from 28 to 30%) industries and decreased in SS (from 25 to 20%) and SD (from 19 to 9%) industries [see 19]. Thus, in 2005, the United States spent 14% more on research and development in the SB industries than the EU, while the EU spent 14% more on SD and SI.
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Translated by S. Avodkova
See Studies on Russian Economic Development. 2021, vol. 32, no. 5.
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Mamed’yarov, Z.A. The Role of Interindustry Integration in Economic Growth: Theoretical and Strategic Implications. Stud. Russ. Econ. Dev. 32, 656–661 (2021). https://doi.org/10.1134/S1075700721060101
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DOI: https://doi.org/10.1134/S1075700721060101