The Peculiarities of State Regulation of Innovation Activities of Enterprises in the Global Economy

Abstract

The purposes of this article are to determine the peculiarities of state regulation of the innovational activity of enterprises in the global economy, to determine the level of connection between a country’s competitiveness in the global economy and the effectiveness of state regulation of innovational activity in that country, and to develop recommendations for improving the process of state regulation of innovational activity of enterprises in the global economy. To determine the level of connection between a country’s competitiveness in the global economy and the effectiveness of state regulation of innovational activity in that country, this study uses the method of correlation analysis, which calculates the coefficient of correlation using mathematical instruments and program methods (MS Excel and MathCad). To evaluate the effectiveness of state regulation of innovational activity of enterprises in the global economy, this study uses a specially developed proprietary methodology. As a result of this research, the authors determined the following peculiarities of state regulation of innovational activity of enterprises under the conditions of the global economy: an increased role of the innovational sphere in the development of economies, an accelerated rate of development of innovations, activation of the export of innovations, regulation of the entire economy through regulation of the sphere of innovations, and domination by indirect methods of state regulation of innovational activity of enterprises. For the purpose of improving the process of state regulation of the innovational activity of enterprises under the conditions of the global economy, the authors of this research offer an optimization model.