USV Annals of Economics and Public Administration (Jun 2018)

23-35 STIMULATION OF INNOVATIVE ACTIVITY OF ENTERPRISES BY MEASURES OF INDUSTRIAL POLICY

  • Yulia VERTAKOVA,
  • Vladimir PLOTNIKOV,
  • Olga KRYZHANOVSKAYA

Journal volume & issue
Vol. 18, no. 1(27)
pp. 36 – 44

Abstract

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Innovative activity of enterprises is a key factor of national competitiveness. In this regard, one of the important goals of state regulation of the economy is to increase the share of innovatively active enterprises. The article reveals the directions of improvement of industrial policy to increase the share of innovative enterprises. The study is based on formal and dialectical logic principles. The author have used a systematic approach to the analysis of economic phenomena and processes, applied the methods of analysis and synthesis, institutional analysis methods. The status and prospects of innovative development of world and Russian economy was analyzed. Institutional features that influence the development of this activity have been identified. The main problems of innovative development have been identified. We describe the institutional preconditions for the development of this sector. The research provided a forecast of the index of industrial production in 2016, and 2017, and forecast the ranking of countries in terms of GDP calculated at purchasing power parity (PPP) in constant prices of 2014, expressed in US dollars. The prediction results confirmed the author's hypothesis about the need for the development of industrial production in the long term to stimulate the economic growth and achieve competitive advantages.

Keywords