WORLD EXPERIENCE OF FINANCIAL SUPPORT OF INNOVATIVE DEVELOPMENT
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 8, Issue 161
Abstract
This paper examines and summarizes international experience of financial support for innovation. This study identifies the financial support for innovation, the main factors realization of its functionality; considers the importance of financial subsystem in the development of the national innovation system. The paper available brief description and assessment of financing innovation sector in Ukraine. This study focuses on the research experience of state financial support for countries that have achieved high positions in the world economy and demonstrate active growth dynamics of innovation, such as the USA, Germany, Finland, Japan and China. The paper found, that data on the state of the financial subsystem of the national innovation systems of these countries using aggregate performance world rankings, evaluations of international economic organizations and national statistics. This study emphasizes on studying the characteristics of financial instruments to stimulate innovative development inherent in different countries. We consider the financial advantage of direct and indirect actions, which often used in the practice of the regulation of innovation-studied countries, especially in the area of taxation, loans, program-based management, public procurement, grants, venture capital and more. The results obtained of the study and synthesis of world experience financial support innovative development will strengthen the theoretical and methodological foundations of development proposals for the further development of the financial subsystem of innovative activity in Ukraine in the context of optimizing the financing structure, activation of indirect methods of stimulation, development of public-private partnerships in innovation.
Authors and Affiliations
Iryna Kornilova
Keywords
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- EP ID EP404126
- DOI 10.17721/1728-2667.2014/161-8/6
- Views 62
- Downloads 0
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