Determinants of Innovational Development of Economy of Modern Russia Cover Image

Determinants of Innovational Development of Economy of Modern Russia
Determinants of Innovational Development of Economy of Modern Russia

Author(s): Tatyana Plaksunova, Alla Litvinova, Elena Loginova, Evgeniy Litvinov, Maria Parfenova, Natalya Talalaeva
Subject(s): National Economy, Economic policy, Economic development, Fiscal Politics / Budgeting
Published by: Reprograph
Keywords: innovational matrices; determinants of innovational development; innovational activity of economic spheres; binary model of economic growth; state stimulation of innovational activities; stimulation t

Summary/Abstract: Aggravation of crisis phenomena in economy of modern Russia caused the necessity for preparation of the model of development, the realization of which will allow using the existing innovational potential. In order to find determinants of innovational development, the matrix approach to study of innovational system by criteria of innovative activities of economic spheres was used, which allowed making a conclusion regarding its binary structure (spheres-innovators and spheres- conservatives). Based on this, a model of economic growth was developed which allowed determining structural proportions in distribution of gross national product, necessary for achievement of goals of innovational development of economy. Ensuring the implementation of the innovative model of economic growth, the state develops and applies a variety of tools to stimulate innovators, the use of which in the conditions of limited budget resources should be based on reliable and valid assessment of the effectiveness of incentives based on costs obtained in the course of their implementation results. The method of quantitative estimation of efficiency of the state stimulus of innovative activity allows identifying the effectiveness of incentives and measures aimed at redistribution of budget funds in favor of high- performance tools.

  • Issue Year: XII/2017
  • Issue No: 48
  • Page Range: 356-359
  • Page Count: 4
  • Language: English