Analysis of innovation development factors of the Russian economy

The subject of the research is the innovative factors of development of the Russian economy. The aim of the study is to determine the role of factors of innovative development in the Russian economy. The study is based on a systematic approach using statistical analysis methods. In the process of analysis of the methodological provisions of innovative development numerous problems were identified: the complexity of the implementation of the contract for innovation; public funds reduce the lack of capital, but increase the corruption component; the effectiveness of R&D costs is determined by not always affordable education; competition reduces incentives for innovation by reducing monopoly rents, etc. But the need to increase productivity and the prospects for monopolization of individual markets, including through the "targeted licensing" of technologies, contribute to the upward trend of innovative development of both individual firms (corporations) and countries as a whole. The analysis of the factors of innovative development of the Russian economy includes the assessment of the dynamics of gross domestic expenditure on R&D, including the expenses of organizations on R&D by sources of financing and sectors of activity. The results of the analysis of the dynamics of R&D expenditures showed stable growth in the public sector and entrepreneurship. The Russian public sector for the development of entrepreneurship in multiples supports the cost of R&D of commercial enterprises. The results of the comparison of Russian GERD with Germany, Japan, the USA and China show the inability of the Russian public sector, commercial enterprises and the government to manage the costs of R&D. The assessment of the factors of innovative development of the Russian economy revealed a significant state impact on the cost structure of R&D. It is revealed that the further innovative development of the Russian economy is not possible without reducing the influence of the public sector and the growth of external technologies and investments, through the intensification of trade with China.