assessment of the Effciency of financial and Economic Mechanisms of State Stimulation of Innovative activity in Russia

Abstract

The paper analyzes the effectiveness of budget fnancing of innovative activities in Russia. The structure of sources of fnancing of internal expenditures on research and development, branch orientation of the state support of innovative activity is considered. The estimation of the cost-effectiveness of technological innovation is given. The analysis is based mainly on the materials of Rosstat for 2013–2016. In addition, the authors cited international comparisons of innovative activity for 2012–2014. To assess the effectiveness of government measures to support innovation activity proposed “Golden rule of the economy.” It consists in determining the ratio of the main components of innovation activity (innovative goods and technologies) and the resources used, including budget fnancing. An important conclusion is made about the ineffcient mechanism of state support of innovative activity in Russia. Proposals for its improvement are formulated, including: bringing the content and structure of state programs in line with the objectives of the formation of conditions for accelerated technological modernization of the industry; introduction of the Institute of state programs of the mechanism of project fnancing and methods of the digital economy; reducing the number of targets of state programs; stimulating by an order of magnitude more technological costs carried out by industrial companies using the mechanism of public-private partnership; preferential state stimulation of process and organizational and managerial innovations in the creation of value chains; encouragement of own and commissioned research and development carried out by domestic companies; promotion of innovative activity in large industrial enterprises, etc.

Evaluation of the Effectiveness of State Incentives for Innovation Activity in Russia

“…The cost structure for technological innovations in economically developed countries is dominated by expenditures on research and development (from 51.6% in the UK to 78% in France), and in developing economies, a significant share is made up of the costs of purchasing machines, equipment and software. [15] Bringing the content and structure of state programs in balance with the main provisions the May 2018 Presidential Decree "On the national goals and strategic objectives of the Russian Federation for the period until 2024", the country's innovative development strategy to create conditions for accelerated industry technological modernization ("technological boost"); Platform for successful implementation of the state economy.…”

“…One of the target indicators of the FTP is to attract extrabudgetary sources of funding to the programs being implemented, which failure indicates the ineffectiveness of the incentive mechanisms for private business envisaged by the state programs. [11] Thus, the analysis showed that the current system of direct state subsidies to the state program and federal program is:…”