R&D financing as a driver of economic development in Russia's innovation policy

Karpushina K.K.1, Sumarokov E.V.1
1 Финансовый Университет при Правительстве Российской Федерации, Russia

Journal paper

Economic security (РИНЦ, ВАК)
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Volume 4, Number 2 (April-June 2021)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=46110722
Cited: 7 by 28.06.2023

Abstract:
The process of R&D financing as a driver of economic development in the innovation policy of Russia is examined. The data on the leading countries of the innovation market are considered. The influence of R&D costs on the revenue of the Russian company Yandex is analyzed using regression analysis. Attention is paid to Russia's position in the global innovation index, and the prospects for the development of the innovation market. It is concluded that for optimal R&D financing , it is necessary to strengthen the infrastructure of the national economy, transform its institutional structure, and form an effective innovative model of the Russian economy.

Keywords: innovation, R&D, gross domestic product, economic growth, technological modernization

JEL-classification: O31, O32, O33

References:

Global Innovation Index – 2020Global Innovation Index. Retrieved March 06, 2021, from globalinnovationindex.org

Gokhberg L. (2017). Indicators of Innovation in the Russian Federation

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