THE IMPACT OF PUBLIC INVESTMENT ON THE COMPETITIVENESS OF THE RUSSIAN R & D SECTOR

The problem of managing the R&D sector sustainability in Russia is of particular relevance in terms of scaling external and internal challenges faced by the country. Such challenges require an even greater intensification of the efforts to solve the problems accumulated in Russian economy and innovation system and associated with the state transition to new technological way. A key criterion of R&D sector competitive sustainability is the creation of practice-oriented and relevant results of intellectual activity. Correlation analysis of innovative activity indicators in developed countries over the 2007-2015 revealed a pattern of two-fold excess of export licenses over the amount of public investment in science. This dependence is crucial in the study of competitive sustainability within R&D sector. The method of assessing the efficiency of public spending on R&D, including an analysis of the dynamics of the growth rate of performance indicators and their financing in case of R&D completed in the period is proposed as the main management tool of R&D sector competitive sustainability