Comparative analysis of innovation activity rates of Russia and foreign countries

It is necessary to know innovation activity objective laws, problems and specific features to successfully manage it at federal and regional levels. This article is devoted to the comparative statistical analysis of innovation process in Russia and foreign countries. Using this analysis, we define the specific features of Russia's innovation activity and formulate recommendations for the federal and local governments. The main conclusions based on the statistical analysis are the following:•·Russia's innovation activity indices are low and they do not increase with the time;•Innovation processes take place in large and largest Russian companies;•The shares of new product for the market and for the company are very low;•Expenses on purchasing new equipment predominate the technological innovation expenses.These conclusions are interdependent and must be considered when stimulating the innovation process. The incentives must correlate with the specific features of Russian innovation activity and consider the trends of foreign countries innovation development. At present it is necessary to work with large and largest companies, which provide innovations. Federal and local governments must stimulate purchasing new industrial equipment, for example, by creating joint enterprises or opening branch offices of foreign industrial companies in Russia. But at the same time it is also necessary to stimulate the processes of creating middle and small research and innovation companies and increasing the share of business research and development expenses. Specific features of innovation in different industrial sectors of Russia are also described in this article. Industrial sectors where innovation processes are more intensive are determined. We define the innovation needs and innovation financing sources for these enterprises. These enterprises require additional incentives and direct federal financing in some industrial sectors

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