Abstract
The social and economic processes resulting from the COVID-19 pandemic are a new global factor that highlights setting out conditions for sustainable development of economic systems. The authors propose a hypothesis that a stable growth rate of national economy is ensured by qualitative and systemic improvement of leading innovative indicators. Thus, the purpose of the paper is to study the dynamics of and correlation between indicators of innovative development of territorial and sectoral economies. The paper presents economic and statistical study of the volume of innovative products and performed services, funding of technological innovations; the creation and application of new technologies. To ensure representativity of the sample, the authors analyzed the leading performance indicators in Russian R&D organizations from January to June 2020. The parameters of the analysis were the location in a federal district and a form of ownership. A direct correlation between R&D costs and the average number of researchers has been revealed. Sustainable development of economic systems in a new economic reality is possible only with the application of effective methods of analyzing innovation costs, studying laws and factors of innovation development, forms of endogenous and exogenous technological exchange for all economic entities.
Highlights
According to the UN Commission on Sustainable Development, the main indicators of sustainable development are balanced and safe social, economic and spatial well-being, social development, and the formation of a competitive economy based on institutional economic freedom [1, 2]
The social and economic processes resulting from the COVID19 pandemic are a new global factor that highlights setting out conditions for sustainable development of economic systems
The social and economic processes resulting from the COVID-19 pandemic are a new global factor that highlights setting out conditions for sustainable development of economic systems
Summary
According to the UN Commission on Sustainable Development, the main indicators of sustainable development are balanced and safe social, economic and spatial well-being, social development, and the formation of a competitive economy based on institutional economic freedom [1, 2]. The solution of this range of tasks is possible only if the development is based on the innovative institutional environment of the economic system of society [3]. All scholars agree that accumulated experience and innovative factors provide the basis for sustainable development of economic systems
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
