Sustainable Development and Investment Policy (on the Example of the USA)

Boris Lavrovskii, Boris Lavrovskii

Abstract

It is well known that the overwhelming number of countries with a developed market in the period from the early to mid-1970s to the present is characterized by a tendency towards a reduction in the cumulative average annual growth rate of per capita GDP. However, no earlier than the mid-1980s and no later than the mid2000s, a specific (special) period of time with a gentle line of cumulative dynamics emerged. As for the United States and only for this period, the article also provides an illustration of the predominant growth of GDP in relation to fixed capital. After the end of the special period, the dynamics everywhere again sharply weakens. The article is devoted to the study of the phenomenon of a special period on the example of the United States. It is shown that the stabilization of the growth rate of labor productivity in the considered period of time is associated with the dynamics of specific capital requirements. In turn, it was revealed that the factor influencing the amount of capital requirements, and, thereby, the dynamics of productivity is the intellectual component of investment. Thus, the nature of the special period, the predominant growth of the product relative to fixed capital in the United States during approximately 1980-1990s, is to a certain extent clarified.

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Paper Citation


in Harvard Style

Lavrovskii B. (2021). Sustainable Development and Investment Policy (on the Example of the USA). In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 446-451. DOI: 10.5220/0010592104460451


in Bibtex Style

@conference{issdri21,
author={Boris Lavrovskii},
title={Sustainable Development and Investment Policy (on the Example of the USA)},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={446-451},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010592104460451},
isbn={978-989-758-519-7},
}


in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - Sustainable Development and Investment Policy (on the Example of the USA)
SN - 978-989-758-519-7
AU - Lavrovskii B.
PY - 2021
SP - 446
EP - 451
DO - 10.5220/0010592104460451