The Role of Credit Institutions in Financial Support of Innovation in Conditions of Development of Knowledge Economy

Kolesnichenko Viktoriya F.
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Kolesnichenko Viktoriya F.: Kharkiv National University of Economics

The Problems of Economy, 2010, issue 1, 65_71

Abstract: Knowledge in association with the social capital becomes the key factor of creation of competitive advantages, the main source of well-being of a society. In economy, based on knowledge, the side between fundamental and applied researches, between a science and technologies becomes more and more shaky, and innovations and knowledge are defining factors on which the sustainable development economy any state is based. One of conditions realizations of such process is obligatory presence of sufficient level of financial maintenance. Therefore an actual problem in the conditions of development economy knowledge is the increase in a role of the credit organizations in financing of innovative activity.

Keywords: knowledge economy; credit institutions; innovation; financial support (search for similar items in EconPapers)
Date: 2010
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