Stage Of Economic Development Research Articles

К вопросу о развитии экономики: от ручного труда к цифровизации

Introduction: forecasting of economic processes, as well as planning of activities, is impossible without considering the specifics of the current stage of economic development and expected transformations. In the literature sources scientific and technical revolutions, technological orders and scientific and technological progress are not reviewed in a complex. Objectives: based on the imposition of stages of scientific and technological progress, scientific and technological revolutions, and technological orders to study the evolution of the economy, taking into account the cyclical nature of its development. Methods: retrospective analysis, systematization, forecasting. Results: the authors have systematized the existing approaches to the classification of economic cycles, the historical stages of scientific and technological progress, the features of scientific and technological revolutions and technological orders. It was revealed that the existing approaches to classification of economic cycles do not take into account such a criterion as the “level of economic interaction”, which served as the basis for distinguishing three levels of the emergence and development of economic cycles (microeconomics, macroeconomics and mega-economic). The authors have identified the stages of economic development in terms of changing the role of a person in the production process. The fifth stage of scientific and technological progress– “digital society” and the fifth industrial revolution – “green” in the middle of the XXI century were predicted. Conclusions: the results of the study can be used as the basis for further scientific research on the digital transformation of the economy and the identification of driving forces contributing to the formation and development of a digital model of the national economy.

КЛЮЧЕВЫЕ ВЕКТОРЫ РАЗВИТИЯ СИСТЕМЫ БИЗНЕС-ОБРАЗОВАНИЯ

Authors analyzed the process of formation and improvement of business education programs in Russia and abroad depending on the stage of economic development. At this stage of the digital economy, the need to master IT competencies in the framework of business education programs is increasing. This thesis is confirmed by a study of large and medium-sized companies in the region. Authors offered practical recommendations for the development of business education programs.

COMPARATIVE CHARACTERISTICS OF DOMESTIC AND FOREIGN ACCOUNTING SYSTEMS, PROSPECTS FOR ITS DEVELOPMENT

Objective. To conduct comparative characteristics of national and foreign accounting systems and identify the peculiarities of their functioning, which is necessary for Ukrainian enterprises and companies to enter new markets, improve competitiveness, as well as control and analysis of financial performance, preparation and submission of reports. The greatest practical interest is the experience of countries that have formed their accounting systems, fully converted to international accounting requirements and use international financial reporting standards. Methodology. Analysis of the theoretical bases and practical application of accounting systems and models is based on the methods of theoretical generalization, grouping and concretization. Results. Emphasis is placed on the existing classifications of systems and models of accounting, which have been studied by foreign and domestic scientists at different stages of economic development. The classification features, the common features and differences of the accounting systems in different countries were analyzed, the characteristic features of the accounting system in Ukraine and other post-Soviet countries were determined. According to the results of the study, the use of positive aspects in the domestic field of accounting procedures that will ensure the formation of a quality accounting information basis for internal and external users is proposed. Scientific novelty The characteristic features of accounting systems and models in Ukraine and other countries are determined. It is proposed to expand the list of external factors influencing the formation of the domestic accounting system. The necessity of singling out the post-Soviet countries into a separate accounting model, taking into account the peculiarities of their development, is proved. Practical significance. The results of the study provide a scientific and practical basis for the formation and harmonization of the domestic accounting and financial reporting system with the foreign system which will neutralize the impact of negative factors and form a clear concept for the development of the national accounting system.

Космическая деятельность ОАЭ: разрушение стереотипов

The article analyzes the formation and development of the UAE space sector in the context of the country’s strategic plans. The author draws attention to how large-scale space activities change the existing perception of this country as a state whose economic well-being depends on export of energy resources. The article discusses how modernization has created conditions for transition to a fundamentally new stage of economic development, with space activity being one of its important sectors. The article analyzes in detail the organizational structure and legal acts that regulate activities in the field of space in the UAE. Space programs such as astronaut training, satellite launches, lunar exploration, and the Martian program are examined. All of them are part of Emirati international efforts aimed at space exploration. International cooperation, as the article argues, is a characteristic feature of the UAE space activities. The author acknowledges these colossal shifts that are taking place not only in the economic structure, but also in the social status, and in the minds of the Emirati citizens. The article also touches upon the rapid changes in the status of women, as demonstrated by the example of their participation in space activities. The author also draws attention to the growth in the number of nationally qualified personnel employed in the space sector, which indicates that there must be a reassessment of the established perceptions of the UAE as a traditional country whose citizens, with their well-being provided by the state, do not show interest in improving their education and increasing participation in economic development of their state. UAE space activities reflect the aspirations of the country to make a breakthrough in their economic and social development, as well as to increase their international prestige.

Differential Characteristics of Carbon Emission Efficiency and Coordinated Emission Reduction Paths Under Different Economic Development Stages: Evidence from China's Yangtze River Delta

Differential Characteristics of Carbon Emission Efficiency and Coordinated Emission Reduction Paths Under Different Economic Development Stages: Evidence from China's Yangtze River Delta

Науково-методичний підхід до управління інноваційною працею на підприємстві

The purpose of the study is to substantiate the scientific and methodological approach to the management of innovative labor in the enterprise. Innovative labor as a component of innovation activity is considered as one of the important prerequisites for ensuring economic growth and obtaining competitive advantages. The methodology of management of innovative labor as a dynamic component is proposed to be considered on the basis of an integrated approach. The theoretical basis of enterprise management, focused on innovation, is based on a modern understanding of the essence of innovation labor management as a system that requires the substantiation of the principles and functions of management based on an understanding of the new nature of innovative labor and the features of the modern stage of economic system development. The relationship between the stages of the life cycle and the types of organizational structures that can most effectively provide labor at these stages are substantiated. It should be noted that at such stages as scientific research, design developments, and the acquisition of innovations – the best, preferred organizational structures are linear, functional, and linear-functional. As result of the generalization, it is concluded that at all stages of the life cycle, the best possible are the following organizational structures: matrix, project, divisional. To ensure the most effective management of innovations at the enterprise, scientific and methodological provisions for the management of innovative labor are formed, based on an integrated approach, which represents an integration of the process, functional, systemic, situational and strategic approaches to management. The methodological provisions of this approach are developed taking into account the construction of organizational structures and their susceptibility to various types of innovations. The use of an integrated approach facilitates the substantiation of a set of organizational structures for different stages of the life cycle of innovation and the choice of adequate methods for assessing the efficiency of innovative labor.

ПРОГНОСТИЧНА ПАРАДИГМА РОЗВИТКУ СВІТОВОГО РИНКУ ПРАЦІ

The article is devoted to the analysis of key aspects of the world economy labor supply in the context of the world labor market development prognostic paradigm. It is emphasized that at the current stage of world economic development, the importance of the world labor market development forecasting is increasing. This is the respond in advance to probable challenges of labor supply on a global scale in order to optimize the labor supply of national economies. Forecasting trends of the labor market development serves as the basis for the development of effective levers for managing international labor flows in the context of optimizing the labor supply of national economies. It is emphasized that the prognostic paradigm serves as the basis for the application of a program-targeted approach to the labor market regulation at all levels, which based on the determination of long-term target orientations of the socio-economic development of states in accordance with world standards. Taking into account the difference in approaches in global practice to the need for labor force analysis and forecasting, it was concluded that the development of multi-scenario forecasts, which are based on systematic monitoring of current and prospective volumes of labor demand and supply, is of particular relevance. It is noted that the importance of predictive assessments and the determination of optimal ways of providing labor resources to national economies is growing due to the strengthening of the personnel shortage problem on a global scale against the background of growing labor resource dependence from developed countries. Key words: global labor market, international labor flows, labor supply, labor market forecast, polyscenarios forecast, labor market monitoring.

СОЦІАЛЬНО-ЕКОНОМІЧНА ОЦІНКА ДІЯЛЬНОСТІ ЗАХИСТУ НАСЕЛЕННЯ В НАПРЯМКУ РЕГУЛЮВАННЯ ЗАЙНЯТОСТІ НАСЕЛЕННЯ

The article reveals a theoretical overview of the system of interrelationships between population employment and population protection activities in accordance with the current stage of the country's economic development. It has been investigated that among modern youth there is a noticeable inequality in the availability of general education, spiritual and cultural development, professional training, and the choice of a place of work. It has been analyzed that under the current realities in different regions of Ukraine, negative changes are occurring in the structure of employment of the population and this has a devastating effect on the development of the national economy and consists in an imbalance between the demand and supply of labor force. The study of structural changes in the employment of the population under the modern realities of the socio-economic development of Ukraine is substantiated, which shows that employment is the basis of reproduction of the potential labor force, and the active measures of the state regulation mechanism are the introduction and increase of employment, in turn, contributes to the reduction of the level of unfavorable social-economic consequences, such as unemployment and poverty. It is noted that each region has its own characteristics and the need for a comprehensive approach to these issues, in particular the process of European integration, innovative activity. It is noted that the transition from the planned and intensive movement of labor resources to free movement will change the system of interests, motivations and incentives of the economically active population, and therefore, the sources, segmentation and will affect the directions of state regulation of employment of the population. The components of the system of labor relations and the group of prerequisites determining the socio-economic environment of the normal functioning of the regional labor market are considered. The employment of the population is defined as the socio-economic development of the region, which is one of its most important factors in the formation of the innovative employment structure of the labor market, especially the activity of population protection. The impact on the employment of foreign scientists and the need for labor force is considered. The model of youth policy implementation in the context of decentralization in the priorities of the State Strategy for the Development of Regions until 2027 is presented. A comprehensive analysis and forecast of certain regularities for the future is provided with the help of the latest theoretical and methodological approaches, which can be used by competent state bodies to develop effective management solutions in the field of development of social and labor relations in the national/regional labor market.

Consumer Involvement in the Globalisation of Trade: Case of the European Union

Consumer globalisation is a fundamentally new stage in modern economic development. The Internet and digital technologies are becoming key drivers of consumer globalisation. To assess these processes, a quantitative evaluation method was developed that distinguishes consumer globalisation twofold — actual and potential. The example of the EU countries was analysed for consumer globalisation. The results obtained allow concluding that consumers in countries with high per capita income and higher prevalence and availability of Internet technologies are more globalised. The highest growth rates of globalisation were noted in countries with basically low globalisation indicators — among consumers in Cyprus, Bulgaria, Greece, Slovenia and Romania. There are differences between the EU countries in the intensity of globalisation processes due to different levels of economic development, different provision of infrastructure and information and communication technologies. The assessment of consumer globalisation showed that consumers of all EU countries in 2018 became more globalised in comparison with 2014. The results obtained make it possible to speak with confidence about the beginning of a new stage of economic globalisation, which will be determined by new technologies and consumer networks. The research findings contribute to the better understanding of the ongoing globalisation processes. The consumer globalisation index can serve as a tool for studying the involvement of consumers in international relations, exploring the potential for these relations’ development, as well as the differences in consumer globalisation between different countries, particular regions within the same country and between various social groups of population.

THE RESEARCH OF LEVELS OF DESCRIPTION OF MODERN CRITICAL APPLICATION SYSTEMS

At the current stage of economic and technical development, one of the most important problems is maintaining the reliability and fault tolerance of critical application systems used in the management of nuclear power plants, air, rail and road transport, technological units in metallurgy, the oil and gas industry, etc. The general trend of the development of critical application systems is characterized by the following factors: an increase in the degree of complexity of control objects, an expansion of the composition and level of complexity of solved functional tasks, a reduction in decision-making time, an increase in the cost of errors and the probability of large-scale emergency situations. The main reasons for the escalation of dangerous situations are failures in critical application systems. The publication examines the concept of a critical application system, examines the question of levels of description of critical application systems, examines the issue of interdependent subsystems based on the concept of potential and information technologies supporting the reliability and fault tolerance of critical application systems. For such systems (power supply and energy supply systems, water supply and drainage, etc.), an urgent problem is to ensure the objectivity, reliability and adequacy of forecasting and prevention of dangerous and possible cascading effects that can lead to man-made accidents and catastrophes. This can significantly affect the functioning, stability and survivability of systems of critical application, the ecological and technogenic safety of the surrounding territories, and the safety of life of the population of Ukraine. In the event of damage to the system of critical application, which can be sudden and intense, it will lead to an emergency situation of a man-made nature.

Подготовка бухгалтеров-экспертов: мировой опыт и проблемы начала XXI в.

At different times, the issues of professional education have an overriding priority both in educational environment and professional and scientific communities. These questions are especially important in the interdisciplinary areas. This has always been true for forensic accounting. At the beginning of XXI century, this issue has turned out to be even more relevant due to the shifts in values and technological lifestyle. In this paper, the author looked at the studies of foreign scientists in 2010–2020 in the field of forensic accounting education to determine the existing global approaches to the professional training of forensic accountants, to identify the key underlying skills defined by these scholars at the present stage of social and economic development, to define the key problems discussed at the international level. The paper also considers topical issues of organization and problems of higher education. The purpose of the work is to identify a set of skills necessary for a forensic accountant, as well as to determine an educational model for training these specialists. The work is based on the studies in the field of development of higher education, as well as professional education in forensic accounting. The study mainly refers to the monographic method of research, as well as organizes the information. Unlike other works in the same area, this article defines and groups internationally determined skills and knowledge required by a forensic accountant and describes the key elements of a model to train the specialists in the context of a modern practice-driven competency-based approach. This paper will be of interest to the practitioners and theorists in forensic accounting. This model of professional training can also be used as a basis for building professional higher education courses in other areas of specialist training.

ДОРОЖНЯ КАРТА РЕГУЛЯТОРНИХ ІНТЕРВЕНЦІЙ ДЛЯ МАСШТАБУВАННЯ МОДЕЛІ ІНСТИТУЦІЙНОГО ПАРТНЕРСТВА ПРОВАЙДЕРІВ ОСВІТНІХ ПОСЛУГ З МЕТОЮ ПІДВИЩЕННЯ РЕЗІЛЬЄНТНОСТІ МІСЦЕВОГО/РЕГІОНАЛЬНОГО СОЦІАЛЬНО-ЕКОНОМІЧНОГО РОЗВИТКУ

The priority direction of the current stage of social and economic development of the regions is active support for the development of education. The formation basis of approaches to solving the problems of economic transformations of the region is the paradigm of sustainable development, which provides for a dynamic process of successive positive changes. These changes ensure the balance of economic, social and ecological aspects of the development of regions. The resilience of the region is a factor of social and economic well-being and is determined by the features of management methods combined with effective management of resources, including human resources. Social mechanisms, rules, and values of people determine economic practices specific to regions. Education is a key aspect of ensuring regional development, and the institutional partnership of educational service providers is a key aspect of change. The comprehensive mechanism of strengthening the influence of education on the processes of ensuring the resilience of the region becomes the promotion of the transformation of everyday practices, the way of life of people, educational organizations and structures, and the community in general. The article notes that the openness of the education sphere to broad social influence contributes to the strengthening of the region's resilience. Positive factors in education are the expansion of the range of providers of educational services, the strengthening of its practice-oriented orientation, the integration of the content of education. The authors determine the impact of the development of institutional partnership on the resilience of regional socio-economic development, determine the types and features of partnership models by type of management, resources, levels of education, determining goals, connections between partnership participants and other features. The authors also justify the need and content of regulatory interventions for scaling the model of institutional partnership of providers of educational services in order to increase the resilience of local/regional social and economic development.

Эволюционный подход к формированию типологии промышленных объединений

This article examines the formation in the Russian economy of industrial associations that act as the most important structural elements of the industrial sector at various stages of historical and economic development. Industrial associations today play an important role at all – micro-, meso-, macro- – levels of management. The aim of this article is to study the existing forms of industrial associations with a focus on the evolutionary component of their dynamics in the super-long-term period of the development of the domestic economy. The theoretical and methodological basis for the study of industrial associations is based on the convergence of the main provisions of the evolutionary approach and the historical method, the application of which ensured the isolation of the socio-economic genotype of industrial associations. In this context, the authors systematized the theoretical concepts, which made it possible to emphasize the multidimensional nature of the study of the parameters and patterns of the formation of the economic space. The authors infer that in the short and medium term the economic space is relatively stable, large-scale changes are observed in the long term; the importance of the institutional environment in the context of the evolution of the economic space is emphasized. The authors formulate the conclusion that the key genetic feature of industrial associations is the institution of ownership, which determines the viability and efficiency of various forms of cooperation at different levels of the economic system. Industrial associations demonstrate high efficiency, including due to the presence and strengthening of cooperative ties of participants based on the formation of the cycle “science – innovation – production.” The institution of cooperation in different time periods of economic development performed various functions, evolving in accordance with the historical context of the formation of the genotype. In the current socio-economic situation, industrial associations are able to stimulate the development of publicprivate partnership mechanisms, the emergence of new forms of business organization. The authors proposed a typology of industrial associations based on an evolutionary approach, which made it possible, on the basis of historical periodization, to single out four enlarged historical stages with the identification for each of them of a characteristic feature of the economic system, the evolutionary context of the formation of the genotype, the identification of the socio-economic genotype and types of industrial associations.

Regional Economic Statistics and Green Development: Ecological Thinking for Environmental Quality Development.

Through more than 40 years of China's reform and opening up, China's economic development has exceeded the “surprise of China”. China's annual average growth rate for world economic development ranks second in the world. By 2020, the article has achieved all-round poverty eradication and overall happiness. By 2020, this article will write an epic antipandemic with great love. During the “fourteenth five-year plan” period, China has entered a new stage of high-quality social and economic development, but environmental pollution is still one of the primary obstacles to high-quality social and economic development. Because of its diversity, environmental pollution cannot be reasonably handled only by the market economic system. It also needs to be based on the effectiveness of the natural environment supervision policies of government departments. At the same time, the healthy logical thinking of the development trend of high-quality natural environment is the key to regional economic statistics and the concept of green development. In this paper, empirical research and analysis methods are used, and the description is carried out in the form of data charts.

Strategic benchmarks for strengthening the country’s economic security through measures regulating migration processes

Growing destructive migration characteristics of the current stage of social and economic development of Ukraine prevent the formation of a resource base for ensuring economic security. The article proves that international migration (intellectual, labour, and stationary migration of youth and families), as well as the latest forms of business, intellectual property, and technology migration, have become critical, threatening the sustainable development of the national economy (they deepen socio-demographic disparities and pose a threat to national and economic security due to the loss of resources, complication and deterioration of economic reproduction and revitalization processes). To ensure effective migration regulation and achieve a positive impact of these processes on strengthening the economic security of the national economy in Ukraine, an appropriate toolkit for state regulation of migration according to the components of economic security is proposed. Its introduction makes it possible to ensure the implementation of strategic priorities for the development of the national economy. Strategic vectors of implementation of migration regulation policy in the context of functional components of the system of ensuring economic security are determined: increasing the export potential, increasing the role in the international division of labour through the mobilization of labour resources; reducing the level of energy dependence of the national economy through the development of the internal energy complex and the use of alternative energy supply sources; overcoming systemic problems of sustainable development and forming an environment of economic freedom; technological modernization of the real sector of the economy and development and increase of employment in new types of economic activity in the context of globalization; strengthening of demographic stability by measures of spatial-structural policy and realization of the potential of internal migration; increase of the export potential of the agro-industrial complex in the system of the world food market; ensuring of financial stability at all levels of economic relations; approximation of the quality of life to the EU standards and reduction of social tensions in society; creation of conditions for innovation and technological development, increase of competitiveness of innovative strategic sectors of the economy.

ДІАГНОСТИКА ТА ПРОГНОЗУВАННЯ ФІНАНСОВОЕКОНОМІЧНОГО СТАНУ ПІДПРИЄМСТВА

In today's difficult economic conditions, there is an increase in bankrupt enterprises. Given the manifestation of unfavorable trends in business development, forecasting a crisis and bankruptcy is of paramount importance for enterprises. Ensuring the effective functioning of companies is one of the topical problems of the full stage of economic development, in order to effectively continue its activities, the enterprise needs to monitor the indicators of the financial and economic condition in the process of functioning. To identify the causes of financial and economic problems of threats of financial insolvency, it is necessary to systematically diagnose the financial condition and, on the basis of the results obtained, change the tactics of the enterprise. Financial and economic activity in business is the use of personal funds and the attraction of additional sources. The basis for developing a strategy and tactics for the development of an enterprise is diagnostics. It is customary to consider the financial statements of an enterprise as a source of information on diagnostics and forecasting, and the result of the study is a list of recommendations for further work. Financial forecasting allows you to significantly improve enterprise management by ensuring the coordination of all factors of production and implementation, the relationship between the activities of all departments and the distribution of responsibility. In difficult economic conditions, the significance of such recommendations is very important, it is on the basis of these recommendations that the enterprise's strategy is formed, its budget is adjusted, and priorities are changed. Assessment of resources and control over their use, improvement of the ratio of personal and borrowed funds, support of financial and economic stability and profitability of the business are not all the tasks of the analysis. The article discusses the main provisions of the analysis and diagnostics of the financial and economic condition of the enterprise.

EDUCATIONAL SERVICES MARKET RESEARCH

The problem of the connection between the amount of training of specialists and their employment in the field of economic activity at the current stage of economic development is becoming quite necessary for research. The education system must adjust its activities according to the needs of the labor market, and it, in turn, must provide information for education in a timely manner. This connection is fundamental and will help to ensure the perfect functioning of the markets under study. However, unfortunately, today the connection between the labor market and the market of educational services functions only conditionally. The main subjects of the educational services market are: applicants, parents, schools, employers, recruitment agencies, state institutions, other universities. Each of these subjects realizes certain economic interests. And only thanks to the functioning of the "win-win" system, maintaining the balance becomes possible. The researched interrelationships between the main subjects of the market of educational services indicate the imperfect functioning of the system today. By comparing the number of submitted applications for bachelor's degrees by field with the volume of their government orders, it became clear about the existing imbalance in the market. State-priority technical specialties are in minimal demand among applicants, who, instead, choose "fashionable" specialties. In turn, the university focuses on the demand of applicants, and this leads to an increase in the level of unemployment and oversaturation of the labor market with specialists in social sciences and the service sector. Another problem in maintaining the balance between education and the labor market is the passivity of employers. They do not provide timely information about existing problems and are not involved in forecasting the necessary specialists on the labor market. If, for example, the employer would involve students in solving existing problems, then everyone would be equally "winners". After all, students would have the opportunity to solve practical problems, and the company would receive new innovative solutions from students. By correcting this shortcoming, the functioning of the educational services market would improve significantly.

Effects of institutional investor ownership on innovation

This study examines the effects of institutional investor ownership (IIO) on innovation. First, we investigate whether IIO influences firm innovation. Second, we examine whether the stage of economic development influences the effects of IIO on innovation. Then we further investigate the role of IIO type and country level governance and legal framework on the relationship between the IIO and innovation in OECD and emerging economies. Using panel data of firms listed on the NYSE/NASDAQ, we find that the institutional investors significantly increase firm innovation. Our results further show that country-level governance and legal system interact with institutional ownership and affect corporate innovation. We find that country-level governance and legal system are the important institutional features that affect the relationship between institutional ownership and innovation. Furthermore, IIO in developed economies with common law traditions affects innovation positively and civil law traditions work well for developing economies.

ПРОБЛЕМИ ФОРМУВАННЯ ІНТЕГРАЦІЙНИХ ЗВ’ЯЗКІВ МАЛИХ ПІДПРИЄМСТВ

The article is devoted to the study of integration processes, as they are carried out between enterprises of various expansions. A highly efficient economy is optimal for the operation of large, medium and small enterprises. This clause describes the main types of state support of small business to ensure their sustainable development and subsequent operation. Also disclosed in detail the main principles of policy in the sphere of small and medium business in Ukraine. The development of a small business is an indicator of the development of market assets, the assessment of private authority, independence and the capacity of the subjects of government. Small business is a special sector of the economy playing an important social and economic role. The advantages and shortcomings of outsourcing, subcontracting and problems of their promotion in Ukrainian enterprises are examined. It has been established that at the current stage of economic development, small businesses will require direct and indirect approaches. The formation of mutually integrating links between small and great business can not be brought to the advancement of the efficiency of their activities. Analysis of the development of the outsourcing and subcontracting system revealed a low level of their development. The main reason for their low distribution is the lack of necessary information about partnership, the underdevelopment of the market infrastructure, which contributes to the formation and development of integration ties between enterprises of different sizes. For the effective development of small entrepreneurship in the region, where there is a considerable number of both large and small enterprises, it is necessary to create an enterprise – a partnership center. For the formation and development of integration links in enterprises of various sizes, there is a need in the creation of infrastructure facilities. Subjects of small business are in need of informational and illuminating servants. The creation of an infrastructure for the development of a system of outsourcing and subcontracting in Ukraine is a progressive direct development of a small business. The development of subcontracting businesses in Ukraine is the basis for the development of industrial production, with a small number of enterprises to realize their potential in the service department of technological lines of great industrial enterprises.

Does Agriculture Really Matter for Economic Growth in Congo Brazzaville?

African countries are expected to be having a comparative advantage when it comes to agricultural products. If this is true, specializing in agriculture can increase output levels. However, the effect of agriculture on growth has yielded various research interests and the results differ from country to country. The present study investigates the impact of agriculture on economic growth in Congo Brazzaville using the Autoregressive Distributed Lag (ARDL) estimation technique, employing secondary data from 2005 to 2018. Different variables are used such as agricultural value added, the industrial value added, gross fixed capital formation and Corruption Perceptions Index. The results suggest that in the short run; agricultural is significant at the 5% level and has a positive impact on economic growth. Similarly, its lag is also significant at the 1% level and negatively impacts growth. In the long run, on the other hand, agricultural production (agricultural value added) has a negative and insignificant effect on economic growth. Thus, the agricultural sector plays an important role in the early stages of economic development, and when the economy has developed, agriculture plays a minimal role. It is evident from the results of this paper that agriculture is an engine for growth in the short run and should eventually be supported by other macroeconomic policies to promote economic growth in the long run. Congolese farmers must increase productivity in the agriculture sector which plays a primordial role in production and employment in order to enable the development of the industrial sector and therefore boost economic growth.