INNOVATIVE ACTIVITY FUNDING: ANALYSIS OF PRACTICE IN UZBEKISTAN

Shadiyeva Dildora

No 2016-09-12, Working papers from Voice of Research

Abstract: Innovations are considered as factor of economic growth not only of individual enterprises, but also a national economy as a whole. That is why countries have a great focus on financial supporting and promoting innovations. Insufficient support of innovations causes low return on scientific research and less economic effect from Research and Development (R&D). Therefore funding is indispensable condition to create new products by innovative ideas. The present study focuses on studying the features of innovative activity funding in the current global scenario, identifying the world leaders and trends in innovative activity funding. Uzbekistan’s experience in this area was selected for the empirical study. By analyzing the main source of funds and the factors which promote development of innovative activity was identified impact of some factors on change in scientific and technical output. Key words: innovations, innovative activity, R&D, sources of funding, Gross Domestic Expenditure on R&D. Policy

Date: 2016-09
New Economics Papers: this item is included in nep-cis, nep-cwa and nep-ino
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