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Article

Study of the Problematic Issues of the Raw Material Orientation of the Economy: The Dutch Disease" and its Influence on Innovative Development

World Applied Science Journal. 2013. No. 25. P. 1295-1301.
Semenov A. S., Derunova E. A.

This paper presents an analysis of innovative growth of the economy in terms of increase in production of natural resources held within the framework of the model. The aim is to study the problem questions commodity-oriented economy based on building models of endogenous growth. The models are built in the framework of the theory of endogenous growth and are a multi-sector extension of the Solow model with a constant rate of savings. In the proposed model to the economy added resource sector by developing its different from other companies, changes and non-tradable goods sector.