The Limit of Post-Industrialization of Economy

The article is aimed at determining the nature of relationship between GDP per capita and the share of services, theoretical substantiating of presence of the limit of post-industrialization, and the practical assessing of its level. The formation of scientific views on the essence and attributes of...

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Bibliographic Details
Main Author: Litvinov Oleksandr S.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-03-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2018-3_0-pages-15_20.pdf
Description
Summary:The article is aimed at determining the nature of relationship between GDP per capita and the share of services, theoretical substantiating of presence of the limit of post-industrialization, and the practical assessing of its level. The formation of scientific views on the essence and attributes of the post-industrial development of economy were analyzed, approaches to determination of the limit of industrialization, essence and causes of premature deindustrialization were considered. It is displayed that the process of transition from industrial to post-industrial development is evolutionary and has the theoretically and practically substantiated positive influence on economic development. The article suggests a definition of the limit of post-industrialization as such, optimum at the current level of development of economy, the share of services in the GDP, exceeding of which leads to negative influence of service sphere on economy. On the basis of correlation-regression analysis of dependence of change of the service share and the level of GDP per capita in 134 world countries in 2015, modeling and graphic displaying of the post-industrialization limit was carried out.
ISSN:2222-4459
2311-116X