Fostering Business Innovation: Are Russian Ideals Attainable?
Abstract
The authors attempt to evaluate Russian innovation-fostering policies. The research is based on an empirical analysis of policy tools’ impact on firms’ behavior. The empirical data is obtained from two surveys of more than 600 Russian industrial companies in 2011–2012. The analysis shows that tax incentives are more conductive to long-term projects, whereas public funding is more likely to lead to launch new innovative projects. At the same time, there is an evidence of crowding out effect for both kinds of innovation support tools. Besides, innovation policy design and administration is not friendly to young companies.
Keywords:
innovation, innovation policy, microeconomic analysis, firm behavior, tax incentives, public funding
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2014-03-30
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Simachev, Y. V., Kuzyk, M. G., & Feygina, V. V. (2014). Fostering Business Innovation: Are Russian Ideals Attainable?. Russian Management Journal, 12(1), 7–38. Retrieved from https://rjm.spbu.ru/article/view/228
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