Innovation Growth of Russia: Budget Limits

Abstract

The article considers the current trends of innovation. Some positive and negative trends are marked. To identify the reasons of the slowdown of innovation growth rate in Russian regions, the condition of regions finances as the basic source of a realization of innovation programs was analyzed. Definitely the excess centralization is not a basic reason of an absence of stimulus for innovation. One of the basic problem of economic growth is an ineffective use of budget resources and an imperfection of legislation in government purchase sphere.

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