STATE REGULATION OF INNOVATION

Shvyrkova Polina1, Shulumba Valeria2
1Financial University under the Government of the Russian Federation, third year student of the Faculty of State and Municipal Management
2Financial University under the Government of the Russian Federation, third year student of the Faculty of State and Municipal Management

Abstract
This article is dedicated to innovation, which is the main direction of achieving economic growth and improving the quality of life of the population. In most countries, approximately 70-85% of gross domestic product accounts for new knowledge, which are embodied in the innovative developments and new production technologies. Therefore, modern society is based on knowledge. Knowledge is embodied in the high-tech products production and managemen.

Article reference:
State regulation of innovation // Economics and innovations management. 2016. № 5 [Electronic journal]. URL: https://ekonomika.snauka.ru/en/2016/05/11679

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