Assessing the Effectiveness of Public Investment in Research and Development by Federal Executive Bodies in Russia
Irina Ilina
Department of Legal Problems of Science and Innovation, Russian Institute for Economics, Policy and Law in Science and Technology (RIEPL)Elena Zharova
Department of Legal Problems of Science and Innovation, Russian Institute for Economics, Policy and Law in Science and Technology (RIEPL)Aleksandr Borodin
Department of Finance, Faculty of Economics, National Research University Higher School of Economics (NRU HSE)Stepan Burlankov
Department of Restaurant Business, Faculty of Economics, Plekhanov Russian University of EconomicsAbstract
The purpose of this study is to develop an instrument to measure the effectiveness of public investment in R&D and make timely adjustments to scientific and technical policy. This will contribute to the growth of fundamental results, patents as well as their commercialization and innovative development for the overall economy. This article assesses the effectiveness of public investment in research and technological development (RTD), including attracted extra-budgetary funds, on the basis of the authors' methodology for assessing the efficiency of public spending on RTD projects. The main distributors of state budget funds in Russia are the Federal Executive Bodies (FEB). The proposed tool first allows the evaluation of the effectiveness of public expenditure on RTD in general, although it does not involve comparing individual FEB administrations, but only evaluates their work in promoting the development of their assigned research areas in terms of dynamics. This method sets the general rules for an evaluation of effectiveness in the state financial support of RTD, defines the key indicators reflecting the performance of such support and the use of science as a tool for ensuring the achievement of indicators and the socio-economic development of the state.
Keywords:
government investment, Federal Executive Bodies, research and technological developmentReferences
Ilyina I.E. 2015. The Mechanism and key indicators to assess the efficiency of public spending on research, development and engineering, Science. Innovation. Education, 17: 51-73.
Ilyina I.E., Sergeeva O.L. 2015. Methods of assessing the efficiency of public spending on research and development design work. Mediterranean Journal of Social Sciences, 6(4): 250-255.
Edkova T.A., Kalmikova A.V., Krysenkovaetc N.B. 2014. Industrial parks in the infrastructure of innovative development: monograph. IZiSP, INFRA-M.
Shash N., Borodin A. 2015. Problems of development and financing of state programs. Finansy, 1: 5-10.
Zhuravleva I.A. 2011. A theoretical analysis of transparency in the system of Federal bodies of the Executive branch of government. The Innovation Economy: Information, Analytics and Forecasts, 3-4: 69-71.
Department of Legal Problems of Science and Innovation, Russian Institute for Economics, Policy and Law in Science and Technology (RIEPL)
Department of Legal Problems of Science and Innovation, Russian Institute for Economics, Policy and Law in Science and Technology (RIEPL)
Department of Finance, Faculty of Economics, National Research University Higher School of Economics (NRU HSE)
Department of Restaurant Business, Faculty of Economics, Plekhanov Russian University of Economics
License
An Author declares that his paper has not been published before (under the same or another title, or is a part of another publication) and does not infringe copyrights of other persons**. At the same time, the Author transfers to the Publisher the exclusive right to publish and to circulate this work in print in the form of a non-serial journal publication and in a form of an electronic publication.
The journal is available on Creative Common license CC-BY-NC-ND
