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Innovation Policy in the Context of Budget Mechanism Reformation: Goals Outline and the Tools Required for Successful Implementation

Author

Listed:
  • Liudmila Ivanovna Votintseva

    (Department of Finances and Credit, School of Economics and Management, Far Eastern Federal University, 8 Suhanova St., Vladivostok, Russia,)

  • Dzhamilya Alimovna Sozaeva

    (Department of Enterprise Economy and Finance, Moscow University for Industry and Finance Synergy, 80 Leningrad Ave., Moscow, Russia)

  • Marina Yurievna Andreeva

    (Department of Enterprise Economy and Finance, Moscow University for Industry and Finance Synergy, 80 Leningrad Ave., Moscow, Russia)

Abstract

The article covers the methodological aspects of the system program tool for innovative policy that would facilitate the implementation of national top-priority projects under the conditions of budget mechanism reformation. The practice of innovative development regional programming uses patterns, which have proven to have low efficiency and produce fragmentation rather than achieving the expected results due to the types of design implemented. Relying on the synthesis of theoretical background, empirical assessments and practical experience in applying management by objective for the region budget formation and use, the authors show how a tooling of the system program mechanism can be used to create a basis for reformatting the existing innovative development model into a desired condition, which is well balanced in respect of goals, needs and the possibilities of achieving consensus among the region entities

Suggested Citation

  • Liudmila Ivanovna Votintseva & Dzhamilya Alimovna Sozaeva & Marina Yurievna Andreeva, 2015. "Innovation Policy in the Context of Budget Mechanism Reformation: Goals Outline and the Tools Required for Successful Implementation," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 1024-1028.
    • Handle: RePEc:eco:journ1:2015-04-23
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    References listed on IDEAS

    as
    1. Tamilina, Larysa & Baklanova, Olena, 2012. "Способы формирования контрактных институтов как факторы экономического ростa: сравнительный анализ [Means of economic institutional formation as determinants of economic growth: a comparative analy," MPRA Paper 50171, University Library of Munich, Germany.
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    More about this item

    Keywords

    Regional Complex Models; Innovation Policy; Fragmentarity; Budget Process Reforming;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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