Abstract:

The article considers the impact of innovation processes on the possibility of ensuring balanced growth in the economy, but the basis of macroeconomic models of balanced growth, in particular, the “Solow model (Nobel Prize winner)”. The Solow model shows not only the possibility of equilibrium economic growth with full employment and full use of production capacity. A feature of this neoclassical model demonstrates the sustainability of economic growth, i.e. the ability of the economic system to return to the trajectory of balanced development with the help of internal market self-regulation mechanisms.