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Transition To The Innovative Model Of Development In The National Economy And The Need For Financial Support Of This Process

Author

Listed:
  • Victoria GANEA

    (National Council for Accreditation and Attestation)

Abstract

This article aims to analyze some obvious sources of financing the innovative development. Mobilizing capital for financial support innovative development model is traditionally performed by the state and private investors. Institutions participating in financing the innovation are investment funds and pension funds, insurance companies, major industrial companies, commercial banks, government agencies, international organizations, and individual investors with their own free capital. The structure and share of resources for the venture fund formation varies from country to country and depends on such factors as: state policy on science and innovation, legislative regulation, the level of development of the financial sector, investor aversion to risk innovation etc

Suggested Citation

  • Victoria GANEA, 2013. "Transition To The Innovative Model Of Development In The National Economy And The Need For Financial Support Of This Process," ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, Socionet;Complexul Editorial "INCE", issue 4, pages 40-45.
    • Handle: RePEc:nos:ycriat:75
    as

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    File URL: ftp://ince.md/Economie%20si%20Sociologie%20nr_4-2014/6.ganea%2040-45/6.ganea40-45.pdf
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    More about this item

    Keywords

    innovative model of development; financial support; innovation; science; banking sector; insurance; the venture Republican Fund.;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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