Russian Policies in Support of Innovation: Elusive Quest for Efficiency

MPRA Paper No. 56750, posted 19. June 2014

36 Pages Posted: 28 Jun 2014

See all articles by Yuri Simachev

Yuri Simachev

Russian Presidential Academy of National Economy and Public Administration

Mikhail Kuzyk

National Research University Higher School of Economics

Vera Feygina

Interdepartmental Analytical Center

Date Written: January 15, 2014

Abstract

Focused on the efficiency of the Russian innovation-fostering policy, the research is based on an empirical analysis of how policy instruments impact firms' behavior. The data is obtained from two surveys of more than 600 Russian industrial companies in 2011-2012. The analysis shows that tax incentives are more conducive to innovations with a longer payback period, whereas public funding is more likely to facilitate launching new innovative projects. At the same time, both kinds of innovation support tools are affected by crowding out private funds by public ones. Besides, innovation policy design and administration are not friendly to young companies.

Keywords: innovation, firm behavior; tax incentives; public subsidies and grants; evaluation of government innovation policy

JEL Classification: L20, O31, O32, O38

Suggested Citation

Simachev, Yuri and Kuzyk, Mikhail and Feygina, Vera, Russian Policies in Support of Innovation: Elusive Quest for Efficiency (January 15, 2014). MPRA Paper No. 56750, posted 19. June 2014. Available at SSRN: https://ssrn.com/abstract=2459340 or http://dx.doi.org/10.2139/ssrn.2459340

Yuri Simachev

Russian Presidential Academy of National Economy and Public Administration ( email )

Varnadskogo Avenue,82
Moscow, 119571
Russia

Mikhail Kuzyk

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Vera Feygina (Contact Author)

Interdepartmental Analytical Center ( email )

31 build. 2, Povarskaya St.
Moscow, 121069
Russia

HOME PAGE: http://www.iacenter.ru/about/staff-list/31

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