Innovation Policy in the Context of Budget Mechanism Reformation: Goals Outline and the Tools Required for Successful Implementation

Liudmila Ivanovna Votintseva, Dzhamilya Alimovna Sozaeva and Marina Yurievna Andreeva
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Liudmila Ivanovna Votintseva: Department of Finances and Credit, School of Economics and Management, Far Eastern Federal University, 8 Suhanova St., Vladivostok, Russia,
Dzhamilya Alimovna Sozaeva: Department of Enterprise Economy and Finance, Moscow University for Industry and Finance Synergy, 80 Leningrad Ave., Moscow, Russia
Marina Yurievna Andreeva: Department of Enterprise Economy and Finance, Moscow University for Industry and Finance Synergy, 80 Leningrad Ave., Moscow, Russia

International Journal of Economics and Financial Issues, 2015, vol. 5, issue 4, 1024-1028

Abstract: The article covers the methodological aspects of the system program tool for innovative policy that would facilitate the implementation of national top-priority projects under the conditions of budget mechanism reformation. The practice of innovative development regional programming uses patterns, which have proven to have low efficiency and produce fragmentation rather than achieving the expected results due to the types of design implemented. Relying on the synthesis of theoretical background, empirical assessments and practical experience in applying management by objective for the region budget formation and use, the authors show how a tooling of the system program mechanism can be used to create a basis for reformatting the existing innovative development model into a desired condition, which is well balanced in respect of goals, needs and the possibilities of achieving consensus among the region entities

Keywords: Regional Complex Models; Innovation Policy; Fragmentarity; Budget Process Reforming (search for similar items in EconPapers)
JEL-codes: G18 H52 O38 (search for similar items in EconPapers)
Date: 2015
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