MACROECONOMIC FACTORS OF DEVELOPMENT OF THE NATIONAL INNOVATION SYSTEM IN RUSSIA

The development of national innovation system is influenced by the number of internal and external factors that should be taken into account in government policy aimed at encouraging and supporting innovation. The paper reports the analysis of macroeconomic factors that determine the development potential of the innovation system in Russia. These factors include: general economic indicators, individual sector performance, parameters of fixed production assets, labor and investment resources. The evaluation of multiple conditions shows that extensive factors of economic development may be used in the short term as their limitations do not allow using them in the long term. Therefore, it is necessary to accumulate factors of intensive development through innovation. A comprehensive analysis of the impact of macroeconomic factors on the functioning of national innovation system permits to produce recommendations on how to adjust the government policy in order to create favorable conditions for innovation activities. 

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