scholarly journals SCIENTIFIC RESEARCH AND DEVELOPMENT (R&D):STATE OF FUNDING

2020 ◽  
Vol 113 (6) ◽  
pp. 83-93
Author(s):  
ANDRYEYEVA Victoriya ◽  
LAPTIEVA Victoriya ◽  
ADAMENKO Victor
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Innovation Policy ◽  
International Markets ◽  
Innovative Activity ◽  
Important Indicator ◽  
Global Trends ◽  
Current Trends ◽  
Development Expenditure ◽  
Key Factor

Background. Ensuring the innovative development of the country is the main prerequisite for its survival and national security, dynamic economic growth and access to international markets. An important indicator of the development of innovative activity is the expenditure of research and development. The aim of the article is to analyze current trends in research and development expenditure in Ukraine, assess their compliance with global trends to determine the prospects for innovation and its activation Results. The dynamics of R&D expenditures in Ukraine indicates a recession in innovation in contrast to the EU, where there is a steady upward trend in these expenditures. The gap between Ukraine and European countries is deepening both in terms of total R&D expenditures and certain types of work, as well as in terms of science-intensive GDP. Practically the only source of financing the enterprises innovative activity in Ukraine is their own funds, the share of which is growing rapidly. Conclusion. Increasing spending on research and development worldwide indicates that innovation is a key factor in economic growth. The results of the analysis of the dynamics and structure of R&D expenditures in Ukraine do not correspond to global trends and give grounds for serious concern about the development of innovation. The growth of R&D expenditures in Ukraine is impossible without the development and implementation of an adequate state innovation policy.

scholarly journals INNOVATION EFFECT THROUGH RESEARCH AND DEVELOPMENT ON ECONOMIC GROWTH IN 35 OECD COUNTRIES

2021 ◽  
Vol 11 (4) ◽  
pp. 159-166
Author(s):  
Maman Ali M. Moustapha ◽  
Qian Yu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Research And Development ◽  
Regression Model ◽  
Oecd Countries ◽  
Multiple Regression Model ◽  
Gdp Growth ◽  
Real Gdp ◽  
Gdp Growth Rate ◽  
Development Expenditure

This paper analyzes the effect of research and development (R&D) expenditures on economic growth in the Organization of Economic Cooperation and Development (OECD) countries over the period 2000-2016. This study conducts an empirical analysis using a multiple regression model. The main findings confirm that an increase in research and development expenditure by 1% would generate an increase of real GDP growth rate to 2.83 %. The implication emerging from this study is that government and institutions need to increase investment in R&D expenditures to fulfill inclusive economic growth perspective.

scholarly journals Innovation Policies and Mechanisms Used for Stimulating the Innovations in the Five Leading African Countries

2021 ◽  
Vol 65 (2) ◽  
pp. 176-190
Author(s):  
Plamen Pavlov ◽  
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Innovation Policy ◽  
Point Of View ◽  
Modern World ◽  
Scientific Objective ◽  
African Countries ◽  
Global Innovation ◽  
Analysis And Synthesis ◽  
Innovation Policies

Innovations in the modern world are of great importance for everyone. They are the basis for high competitiveness of companies, economic growth of economies and prosperity of societies. The scientific objective of the article is to identify the various levers, models and specific incentives for innovation and research and development (R&D) in the five leading African countries in this area, according to the Global Innovation Index 2020. On this basis, conclusions and guidelines have been worked out, that are useful both from a scientific point of view and for improving the renewed innovation policy of Bulgaria. The article uses various research methods and approaches, including methods of analysis and synthesis, comparison and causation, as well as systematic and complex approaches.

scholarly journals APPROACHES TO STATE STIMULATION OF INNOVATIVE ACTIVITY OF INDUSTRIAL ENTERPRISES

2021 ◽  
pp. 106-115
Author(s):  
D. A. Stepanenko ◽  
A. A. Ermolina
Keyword(s):  
National Economy ◽  
Innovation Policy ◽  
The State ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Important Indicator ◽  
Industrial Enterprises ◽  
The Usa ◽  
The Impact ◽  
Stimulation Of

The Russia’s innovative development is the most important indicator of the competitiveness of the national economy. By implementing an innovation policy, the state stimulates the innovative activity of industrial enterprises. The study analyzes the impact of changes in the regulatory framework in the Russian Federation on the level of innovation development and the country’s position in the world ranking of innovative activity. The article reviews the tendencies of foreign government stimulation of business innovation activity on the example of the USA, India and Sweden and draws a conclusion about the significant role of the state and the need for targeted financing of enterprises’ innovative activities. Comparative analysis and diagnostics of innovation policy problems, analysis of the rating of innovation activity, forecasting the costs of technological innovation, determination of criteria for innovative activity of industrial enterprises were used as research methods. As a result, the proposed approaches to stimulate the innovative activity of industrial enterprises, taking into account the differentiation of enterprises by the addressee, channels, frequency and method of implementation of incentives. The introduction of the proposed approaches will increase the innovative activity of industrial enterprises, which will lead to an increase in the competitiveness of the national economy.

scholarly journals STATE REGULATION AS A KEY FACTOR TO STIMULATE INNOVATION IN CONSTRUCTION

2020 ◽  
Vol 6 (42) ◽  
pp. 110
Author(s):  
L. Zgalat-Lozynska
Keyword(s):  
Innovation Policy ◽  
Innovation Process ◽  
State Regulation ◽  
The State ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Innovative Development ◽  
Legal Information ◽  
Key Factor ◽  
Stimulation Of

The article considers the issue of stimulating innovative activity in construction. The purpose of our investigation is to study influence of state regulation on innovation activity in construction. The role of construction participants in the innovation process and the reasons for low innovation activity in construction are determined. The tasks of the policy of innovative development, levers of state stimulation of innovative activity were discussed. Counterfeit tenders and corruption have been identified as an important factor hindering innovations in construction. A macroeconomic model of the state's influence on the process of stimulating innovation in construction and a model of logistical relations between organizations for innovation in construction have been developed. The necessity of active realization of organizational, financial, tax, budgetary, legal, information levers of the state policy as the tool of the state stimulation of innovative development in the building sphere is substantiated.Key words: state innovation policy, construction, public policy, project organization, building contractors, innovative activity. 

Evaluating the Role of Research and Development and Technology Investments on Economic Development of E7 Countries

2019 ◽  
pp. 245-263 ◽  
Author(s):  
Hasan Dinçer ◽  
Serhat Yüksel ◽  
Zafer Adalı ◽  
Rıdvan Aydın
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Unemployment Rate ◽  
Emerging Economies ◽  
Current Account Deficit ◽  
Annual Data ◽  
Causality Analysis ◽  
Negative Effects ◽  
Development Expenditure

This chapter aims to evaluate the effects of research and development on economic growth, export, and unemployment rate in emerging economies. Within this scope, E7 countries are taken into the consideration. Additionally, annual data of these variables for the periods between 1996 and 2016 is tested by using Dumitrescu Hurlin panel causality analysis. It is concluded that research and development expenditure has a positive effect to increase the export amount for these emerging economies. On the other hand, it is also identified that there is not a causality relationship between research and development with economic growth and unemployment rate. Therefore, it is recommended that emerging economies should take necessary actions to increase research and development investment to have higher amount of export. Hence, it can be possible for these countries to minimize the negative effects of current account deficit. In addition to this issue, it can also be seen that making research and development investment plays a key role to improve the economic performance of these countries.

Legal basis of formation and development of innovative potential

2021 ◽  
Author(s):  
Iryna Podrez-Riapolova
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Innovation Policy ◽  
The State ◽  
High Tech ◽  
Main Body ◽  
Innovation Research ◽  
Innovation Potential ◽  
Key Factor ◽  
Innovative Potential

Problem setting. Effective innovation is possible only if the relevant subjects use the entire arsenal of innovation resources. At the same time, the issues of using the innovation potential are becoming increasingly important, especially in the context of the need to intensify innovation as a challenge to the global economy. Analysis of recent researches and publications. The work of many scientists, such as M. Bondarchuk, M. Voynarenko, V. Grishko, V. Zakharchenko, O. Ovechkina, V. Stadnyk, O. Arefieva, V. Vitlinsky, N. Goncharova, V. Medinsky and others. Article’s main body. One of the main principles of the state innovation policy is the creation of conditions for the preservation, development and use of domestic scientific, technical and innovative potential. Innovation potential is a key factor in economic growth, taking into account the priority of supporting research (which is one of the foundations of innovation potential) and creating an effective infrastructure that will facilitate the commercialization of innovation results. The concept of innovation potential is one of the key concepts of the categorical apparatus of innovation research and is a key factor of economic growth, but in modern legal and economic literature and current national legislation there is no clear definition of its concept, structure and powers of certain government agencies to ensure its development. Conclusions and prospects for the development. The effectiveness of innovation directly depends on a certain innovation potential, which in its structure is a system of interrelated factors and resources that ensure effective innovation. Therefore, to ensure the appropriate level of formation and development of innovation potential, first of all it is necessary to: create an effective innovation infrastructure that will promote the commercialization of innovation results; directing the state policy on the use of intellectual resources in order to develop high-tech industries and create favorable conditions for the intensification of innovation; improving the regulatory and legal support of innovative economic development.

Export-led Growth Hypothesis in MINT Countries: A Panel Cointegration Analysis

2017 ◽  
Author(s):  
Harun Bal ◽  
Shahanara Basher ◽  
Abdulla Hil Mamun ◽  
Emrah Akça
Keyword(s):  
Economic Growth ◽  
Large Population ◽  
Panel Cointegration ◽  
Secondary Data ◽  
Capital Formation ◽  
Cointegration Analysis ◽  
Promotion Strategy ◽  
Key Factor ◽  
Good Number ◽  
Growth Hypothesis

The contribution of exports to GDP in MINT countries that improve substantially just after their implantation of export promotion strategy in the late 1980s raises the issue of whether the growth in these countries is led by export or not. While a good number of studies have been found investigating whether economic growth is promoted by exports for developing countries having an outstanding share of export in GDP, no study investigating the export-led growth hypothesis for MINT countries has been found until recent times. The main purpose of this study is to fill up the void. The study employs panel cointegration technique with an aim to examine whether the export is the key factor of economic growth for MINT countries employing yearly secondary data that covers the period. Results of the study imply that economic growth of these countries is considerably exports driven. Moreover, there is an indication of improvement of efficiency as exports work along with the rise capital formation. As the employment opportunity of an economy is expanded through capital formation, the emerging MINT countries endowed with large population and favorable demographics are expected to become the major exporters with strong GDP growth by being able to attract adequate foreign investment.

The Role of Entrepreneurial Performance in Supporting Economic Development of Countries: An Empirical Approach

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Progress ◽  
Entrepreneurial Performance ◽  
Panel Data Estimation ◽  
Positive Effects ◽  
National Competitiveness ◽  
Key Factor ◽  
Future Economic Development

Abstract Entrepreneurship is recognized as one of the factors stimulating economic growth and increasing economic competitiveness. In addition, the Europe 2020 Strategy has focused its attention on entrepreneurship as a key factor of economic growth, social progress, and employment. In this context, our study examines the role of entrepreneurial performance for sustaining the development of countries, focusing on a sample of European countries. We attempt to reveal if increasing entrepreneurial performance would have significant influence on improving the economic position of countries and their future economic development. Starting from the OECD-Eurostat Entrepreneurship Indicators Programme we use a set of entrepreneurial performance indicators as independent variables and examine to what extent they can influence competitiveness and economic growth, seen as dependent variables of the models. We focus on a period of 10 years (2008–2017) and we apply panel-data estimation techniques. Because the period considered includes the period of the last international financial crisis, we also include in our analysis a dummy variable. Our results emphasize that the changes in entrepreneurial performance play a significant role in enhancing national competitiveness and economic growth. Our findings contribute to the expansion of literature in the field by providing evidence on the correlation of indicators that measure entrepreneurial performance with national competitiveness and economic growth. Moreover, our findings point out the need of the policy makers to adopt measures and policies that help and stimulate entrepreneurs to become more performant because they can generate positive effects to the economy as a whole.

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