Financing Instruments and Outcomes for R&D Public Funding

Olga K. Yastrebova () and Oleg I. Karasev ()
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Olga K. Yastrebova: СEO LLC EKKONIS, Moscow, Russian Federation
Oleg I. Karasev: Directorate of State Scientific and Technical Programs, Moscow, Russian Federation

Finansovyj žhurnal — Financial Journal, 2023, issue 4, 27-42

Abstract: The key actual task of improving the tools of scientific and technological policy is the focus of R&D on obtaining socially significant results, including the creation of in-demand innovative products and technologies. Its solution requires appropriate improvement of the system of financial support for science. The authors of the article consider the existence of a clearly structured relationship between the national goals set for the scientific field as a whole and specific tools for their achievement as a necessary condition for effective management of this sphere. The paper analyzes the key instruments of R&D financing from the point of view of approaches to ensuring their effectiveness. The necessity of linking the volume of funding with the achieved results is shown, and specific proposals to solving this problem are made, including those based on the assessment of the technology readiness level (TRL).

Keywords: S&T policy; R&D financing instruments; performance indicators; technology readiness level; state program (search for similar items in EconPapers)
JEL-codes: O31 O32 O38 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:230402:p:27-42

DOI: 10.31107/2075-1990-2023-4-27-42

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