Efficiency of innovation sector development: the linear and non-linear models of innovative economy building development

Abstract

The author discusses the problems of the efficiency of innovation sector development: the linear and non-linear models of innovative economy building development. Currently, an active economy transition to a new technological mode and mainstreaming of innovation as a key factor in economic development are taking place all over the world. The Russian Federation is no exception. The undergoing investment policy should be aimed at ensuring the conditions that promote increasing in the rate and efficiency of innovation sector development. Today, the influence of factors determining the conditions for innovative development of the Russian economy, in general, and its regions in particular, is ambiguous. The purpose of this paper is to give a correlation and regression analysis for assessment of factors that impact the innovative activity of the state. Based on the analysis of trends in implementation of the Russian innovation activities over a period of 2000–2018, the paper specifies their strong and weak aspects. In virtue of the correlation and regression analysis, the internal structure of innovative activity was studied and the components were identified, the improvement of which will significantly increase the overall innovation index and transfer the country to the higher positions in the world ranking. It is noted that, in addition to a developed national structure of innovation activity, the fundamental research is required in combination with an effective education system. The dynamics of investments and staff number involved in the field of innovation is traced, the linear and non-linear models are constructed and practical recommendations are formulated. The revealed relations indicate the efficiency of using government expenditures for innovative and scientific development. The directions of increasing the efficiency of innovative economy development are specified.