The Role of State Programs in the Innovative Development of Russia
Journal: Advances in economics, business and management research/Advances in Economics, Business and Management Research
Year: 2021

This research paper analyzes the main issues of the efficiency of Russia Federation financing of innovative development of the country's economy. Country's involvement and co-financing in various aspects of economic development is typical for Russian practice, including in the field of innovative development. There are advantages and disadvantages in public and private financing of innovation and innovation development. On the one hand, with private financing, the effectiveness is usually higher