Scientific research and development (R&D): state of funding

Authors

DOI:

https://doi.org/10.31617/zt.knute.2020(113)06

Keywords:

innovation activity, basic scientific researches, applied scientific researches, experimental developments, expenditures on scientific researches and developments, sources of funding expenditures on scientific researches and developments, state innovation policy.

Abstract

Background. Ensuring the innovative development of the country is the main prerequisite for its survival and national security, dynamic economic growth and access to international markets. An important indicator of the development of innovative activity is the expenditure of research and development.
The aim of the article is to analyze current trends in research and development expenditure in Ukraine, assess their compliance with global trends to determine the prospects for innovation and its activation.
Results. The dynamics of R&D expenditures in Ukraine indicates a recession in innovation in contrast to the EU, where there is a steady upward trend in these expenditures. The gap between Ukraine and European countries is deepening both in terms of total R&D expenditures and certain types of work, as well as in terms of science-intensive GDP. Practically the only source of financing the enterprises innovative activity in Ukraine is their own funds, the share of which is growing rapidly.
Conclusion. Increasing spending on research and development worldwide indicates that innovation is a key factor in economic growth. The results of the analysis of the dynamics and structure of R&D expenditures in Ukraine do not correspond to global trends and give grounds for serious concern about the development of innovation. The growth of R&D expenditures in Ukraine is impossible without the development and implementation of an adequate state innovation policy.
 

Author Biographies

Victoriya ANDRYEYEVA, Kyiv National University of Trade and Economics

Candidate of Economic Sciences, Associate Professor, Associate Professor at the Department of Economics and Business Finance

Victoriya LAPTIEVA , Kyiv National University of Trade and Economics

Candidate of Economic Sciences, Associate Professor at the Department of Economics and Business Finance

Victor ADAMENKO, Kyiv National University of Trade and Economics

Senior lecturer at the Department of Economics and Business Finance

References

Gejec',V. M. (Ed.). (2015). Innovacijna Ukrai'na 2020: nacional'na dopovid' [Innovative Ukraine 2020: national report]. Kyi'v: NAN Ukrai'ny [in Ukrainian].

Gryculenko, S. I. (2016). Ocinka innovacijnoi’ dijal’nosti jak instrument innovacijnoi’ polityky gospodars’koi’ systemy [Evaluation of innovation activity as a tool of innovation policy of the economic system]. Efektyvna ekonomika – Effective economy, 3. Retrieved from http://nbuv.gov.ua/UJRN/efek_2016_3_19 [in Ukrainian].

Grudcyna, Yu. V. (2019). Innovacijna diyalnist` v Ukrayini: analiz ta prognozuvannya [Innovative activity in Ukraine: analysis and forecasting]. Biznes Inform – Business Inform, 2, 78-84. Retrieved from http://nbuv.gov.ua/UJRN/binf_2019_2_13 [in Ukrainian] https://doi.org/10.32983/2222-4459-2019-2-78-84.

Denysenko, M. P., & Bobrovnyk, A. V. (2017). Konkurentospromozhnist’ Ukrai’ny na mizhnarodnomu rivni [Ukraine's competitiveness at the international level]. Problemy innovacijno-investycijnogo rozvytku. Ekonomika ta menedzhment – Problems of innovation and investment development. Economics and management, 12, 4-10 [in Ukrainian].

Rjepina, I. M. (2018). Transformacijnyj analiz ta prognoz rozvytku innovacijnogo pidpryjemnyctva v Ukrai'na [Transformational analysis and forecast of innovative entrepreneurship development in Ukraine]. Ekonomika Ukrai'ny – Ukraine economy, 11-12 (684-685), 19-28 [in Ukrainian] https://doi.org/10.15407/economyukr.2018.11.019.

Petryk, I. V. (2019). Innovacijna diyalnist v Ukrayini: suchasni tendenciyi, problemy, zahody z aktyvizaciyi [Innovative activity in Ukraine: current trends, problems, activation measures]. Molodyj vchenyj – A young scientist,4 (2), 510-516 [in Ukrainian] https://doi.org/10.32839/2304-5809/2019-4-68-113.

Pysarenko, T. V., & Kvasha, T. K. (etal.)(2018). Stan innovacijnoi' dijal'nosti ta dijal'nosti u sferi transferu tehnologij v Ukrai'ni u 2017 roci: analitychna dovidka [The state of innovation activity and technology transfer activities in Ukraine in 2017: an analytical reference]. Kyi'v: UkrINTEI [in Ukrainian].

Pryjmak, V., & Romanyshy`n, V. (2019). Innovacijna diyalnist pidpryyemstv v umovax globalizacijnyh transformacij [Innovative activity of enterprises in the conditions of globalization transformations]. Вісник КНТЕУ –Herald of KNUTE, 3 (125),98-113 [in Ukrainian].

Umanciv, G., & Martyniv, I. (2019). Globalnyj vymir rozvytku intelektualnoyi vlasnosti [The global dimension of intellectual property development]. Zovnishnya torgivlya: ekonomika, finansy, pravo – Foreign trade: economics, finance, law, 2 (103),86-99 [in Ukrainian].

Janenkova, I. G., Pozur, S. S., &Katajeva, O. A. (2016). Innovacijna dijal’nist’ promyslovyh pidpryjemstv Ukrai’ny: stan ta perspektyvy rozvytku [Innovative activity of industrial enterprises of Ukraine: state and prospects of development]. Naukovi praci Chornomors’kogo derzhavnogo universytetu imeni Petra Mogyly kompleksu «Kyjevo-Mogyljans’ka akademija». Ekonomika – Scientific works of the Petro Mohyla Black Sea State University of the «Kyiv-Mohyla Academy»complex. Economy,(Vol. 285), (Is. 273), (pp. 89-94) [in Ukrainian].

Oficijnyj sajt Derzhavnoi' sluzhby statystyky Ukrai'ny [Statistical information. State Statistics Service of Ukraine]. Retrieved from http://www.ukrstat.gov.ua/ [in Ukrainian].

Oficijnyj kurs gryvni do inozemnyh valyut ta pokaznyky valyutnogo rynku Ukrayiny. Nacionalnyj bank Ukrayiny. [Official exchange rate of hryvnia to foreign currencies and indicators of the foreign exchange market of Ukraine. National Bank of Ukraine] Retrieved from https://bank.gov.ua/statistic/sector-external/data-sector-external#6a/ [in Ukrainian].

Amazon Research and Development Expenses 2006-2019. Macrotrends. Retrieved from https://www.macrotrends.net/stocks/charts/AMZN/amazon/ research-development-expenses [in English].

Global 500. Fortune. Retrieved from https://fortune.com/global500/2018/search/ [in English].

Research and development (R&D) expenditure of L’Oréal world wide from 2009 to 2018. Statista. Retrieved from https://www.statista.com/statistics/517825/global-randd-spending-of-l-oreal/[in English].

Eurostat. Retrieved from https://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=rd_e_fundgerd&lang=en/ [in English].

Research and Development Statistics. Organisation for Economic Co-operation and Development. Retrieved from https://www.oecd.org/sti/inno/researchanddevelopmentstatisticsrds.htm/ [in English].

DataBank: World Development Indicators. THE WORLD BANK. 2020. Retrieved from http://databank.worldbank.org/data/views/variableselection/selectvariables.aspx?source=world-development-indicators#/ [in English].

Statystychnyj zbirnyk «Naukova ta innovacijna diyalnist v Ukrayiny 2018 rik», Derzhavna sluzhba statystyky Ukrayiny. Kyiv 2019 [Scientific and innovative activity in Ukraine 2018: Statistical collection State Statistics Service of Ukraine. Kyiv 2019], Retrieved from http://ukrstat.gov.ua/druk/publicat/kat_u/publnauka_u.htm [in Ukrainian].

Published

2020-12-08

How to Cite

ANDRYEYEVA В., LAPTIEVA В., & ADAMENKO В. (2020). Scientific research and development (R&D): state of funding. Foreign·trade:·economics,·finance,·law, 113(6), 83–93. https://doi.org/10.31617/zt.knute.2020(113)06

Issue

Section

INTERNATIONAL FINANCE