Journal of Applied Economic Research
ISSN 2712-7435
The Role of the Development Institutions in the Public Investment Policy: Analysis of the Current State and Assessment of Performance
Sidorova E.N., Tatarkin D.A.
Abstract
Abstract. The article investigates the role of institutions in the processes of modernization of the economy, the organization of production of high technology products, as well as the acceleration of the scientific and technical progress. The article also discussed methodological approaches to evaluating the effectiveness of institutions in terms of their impact on the growth of the national economy. The authors have substantiated a number of theses that have theoretical and practical significance. Combining financial resources of the state and business is one of the key conditions for innovative economic development. Development institutions are specialized state-owned organizations that provided a mechanism for solving this problem. Evaluation of the impact of the functioning of the institutions is a prerequisite for the formation of new development institutions and the functioning of existing adjustment mechanisms. In the course of evaluating the performance of development institutions, we must take into account the economic multiplier effects. The article deals with the theoretical basis of the concept and the classification of development institutions. The authors analyzed the current state of formation and functioning of institutions in Russia. The basic problems and causes of non-compliance to the strategic objectives of the operation of the development institutions are discovered. Special attention is paid to the methodological approaches to evaluating the effectiveness of the development institutions. The basic provisions of the author's approach to evaluating the effectiveness of socially significant projects are formulated. A distinctive feature of the proposed approach is the consideration of the economic multiplier effects. This article is intended for researchers and practitioners, specialists dealing with regional development and management.
Keywords
Key words: federal and regional development institutions; effective innovation economy; socially significant investment projects; public-private partnerships; evaluating the effectiveness of institutions; economic multiplier effect.
About Authors
DOI: http://dx.doi.org/10.15826/vestnik.2016.15.4.26
Download full text article:
~523 KB, *.pdf
(Uploaded
04.10.2016)
Created / Updated: 23 September 2021 / 23 September 2021
© Federal State Autonomous Educational Institution of Higher Education «Ural Federal University named after the first President of Russia B.N.Yeltsin»
Remarks?
select the text and press:
Ctrl + Enter
Portal design: Artsofte
Contact us
Rector's Office
Rector, Dr. Victor Koksharov
Tel. +7 (343) 375-45-03, e-mail: rector@urfu.ru
Vice-Rector for International Relations, Dr. Maxim Khomyakov
Tel. +7 (343) 375-46-27, e-mail: Maksim.Khomyakov@urfu.ru