Economic Sector Performance and Growth: Contemporary Approaches in the Context of Sustainable Development

Toma Lankauskienė, Manuela Tvaronavičienė

Abstract


Lack of sufficient attention to the role of economic sectors in terms of economic growth in Lithuania prompted very reasonable necessity to analyse foreign literature on the topic. In order to provide an in-depth coverage of possible contemporary perceptions of economic sectors and economic growth relations, many pieces of the relevant foreign scientific literature were overviewed in the context of sustainability. The following main insights were distinguished: the structure of a country’s economy is the key factor that distinguishes successful countries from the unsuccessful ones and is of vital importance for economic growth; foreign scientists most commonly define the performance of economic sectors targeted at economic growth as structural changes; the performance of economic sectors targeted at a country’s economic growth through the perspective of production input cannot be implied without productivity phenomenon in the context of sustainable development.

Keywords


economic sectors; economic structure; economic growth; sustainable development

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DOI: http://dx.doi.org/10.13165/IE-13-7-3-07

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"Intellectual Economics" ISSN online 1822-8038 / ISSN print 1822-8011