INNOVATION-ORIENTED EVALUATION METHODOLOGY OF THE STATUS AND POTENTIAL FOR GROWTH OF NATIONAL ECONOMIC SYSTEM

• Published in: Naucnyj zurnal Kubanskogo gosudarstvennogo agrarnogo universiteta
• Main Authors: Khrustalev E. Y, Slavyanov A. S
• Format: Journal Article
• Language: English
• Published: Kuban State Agrarian University 27.01.2016
• Subjects: COMPETITIVENESS; EXPORT; FOREIGN CAPITAL; FOREIGN INVESTMENTS; GROSS INTERNAL PRODUCT; INNOVATIONAL DEVELOPMENT; SANCTIONS; SCIENTIFIC RESEARCHES
• ISSN: 1990-4665; 1990-4665

The article describes a new approach to the assessment of the economic system. The authors propose to assume that the system grows, if its share in the world production increases. For the qualitative assessment, we have offered to analyze the dynamics of growth of exports of products with high benefit to the foreign countries, which include engineering goods, defense, manufacturing materials. On the world market of hightech products, we have the stiff competition and the growth of exports of domestic products with high benefit indicates high level of innovation. Based on the analysis of available statistical data, we revealed a correlation between exports of innovative products, the volumes of financing research and development and foreign direct investment in the national economy. It was determined foreign capital has a negative impact on exports of products with high benefit. The authors proposed a two-factor regression model, which allows you to make short-term forecasts and allocate resources. The study showed that despite the ongoing economic sanctions and unsuccessful economic reforms in the past, Russia has a high potential for innovation, which is activated when reducing the influence of foreign capital. Attempts to isolate the Russian economic system led to the mobilization of resources and the growth of innovation activity of domestic business