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The System of Innovation and its Impact on Economic Development

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Last date : 27-Dec-2024

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The System of Innovation and its Impact on Economic Development


Taniev A. B



Taniev A. B "The System of Innovation and its Impact on Economic Development" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Modern Trends in Scientific Research and Development, Case of Asia, October 2020, pp.19-21, URL: https://www.ijtsrd.com/papers/ijtsrd35772.pdf

The article discusses the factors that influence the development of innovational activity in the republic. In order to test the impact of innovation expenditures on the volume of innovations in the republic, we used linear regression analyzes and found strong interdependence. Also , we discuss the role of human capital and the level of development of financial system in stimulating continuous investments on innovational activity . Furthermore, after analyzing the data about implemented innovations in 2019 in the republic, we found that higher educational as well as research institutions participated in innovational activity very passively, which is of great concern.

innovation, innovational economics, service, national innovation system, investment, economic mechanism, R&D, linear logarithmic regression analyzes, venture funds , angel investors


IJTSRD35772
Special Issue | Modern Trends in Scientific Research and Development, Case of Asia, October 2020
19-21
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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