Economic Analysis: Theory and Practice
 

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Government support to innovation in Russia at the present stage: Searching for effective mechanisms

Vol. 17, Iss. 12, DECEMBER 2018

Received: 11 October 2018

Received in revised form: 23 October 2018

Accepted: 2 November 2018

Available online: 24 December 2018

Subject Heading: Innovation

JEL Classification: O32, O38

Pages: 1419–1429

https://doi.org/10.24891/ea.17.12.1419

Dregnin O.E. Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russian Federation, Moscow, Russian Federation
dregninoleg@yandex.ru

https://orcid.org/0000-0002-6190-4615

Kamolov S.G. Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russian Federation, Moscow, Russian Federation
skamolov@yahoo.com

https://orcid.org/0000-0003-1144-4486

Subject The article considers the current status and prospects for improving the regulatory framework for innovation in the Russian Federation.
Objectives The study aims to identify the comparability of and overlapping in regulations on innovation in modern Russia and to find ways to improve the existing regulatory framework.
Methods We apply a formal legal method to review certain statutory documents and a comparative legal analysis to compare them.
Results We considered five by-laws regulating the innovation in the Russian Federation, compared them, studied their key goals and methods to achieve the goals. This enabled us to reveal common features and contradictions in the modern statutory regulation of the innovation segment of the Russian economy and the entire innovation ecosystem. The paper defines a number of problems in the subordinate legislation that require further elaboration to enhance the efficiency of regulation.
Conclusions The existing regulatory framework for innovation is somewhat fragmented. There are many regulations in force, but almost all of them are autonomous and have no reference to related rules. Furthermore, statutory regulation considers the innovation ecosystem financing in a superficial manner, though this issue is often a key one, as public and private investment shortfall hampers the development of science and technology and innovation processes.

Keywords: innovation ecosystem, science and technology development, digital economy, regulatory framework, strategy

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