Journal of Applied Economic Research
ISSN 2712-7435
Research of Interrelation and Interdependence of Innovative and Investment Activities
Malykhina I.O.
Abstract
The success of economic development in modern conditions is determined by the capabilities and capabilities of the economic system for organizing the reproduction process. Innovation, being the result of research and intellectual activity, determines the zone of potential technological development, i.e., an instrument of economic growth. Accordingly, innovation, as an object of investment activity, stimulates the effectiveness of its implementation. Thus, there is an interdependence of these economic processes - innovation and investment. The relevance of this study is confirmed by the high strategic role of innovation in ensuring the economic development of business systems, as the result of effective innovation is a combination of interrelated processes, such as stimulating the investment activity of business entities, the development of technological industries, the formation of innovative infrastructure and the achievement of social and economic well-being of society, as well as other beneficial effects. The aim of this work is the theoretical justification of the relationship and interdependence of innovation and investment as economic categories, as well as improving methodological support for the development of innovative and investment activities at the regional level. The study was based on the analysis and study of the scientific works of domestic and foreign scientists who played an important role in the development of this subject area of economic knowledge. The basis of the study was the methodology of dialectical logical and analytical activity, the implementation of scientific research and analysis in the framework of system and process approaches. The most important research methods are general scientific - the method of scientific abstraction, the method of analysis and synthesis, as well as the private-system analysis, forecasting method. The sphere of the results obtained can be economic systems of various hierarchical levels, in particular, regions in the context of the formation of new ways and forms of interaction of subjects of economic relations in the context of stimulating innovation and investment. The interconnection and interdependence of innovation and investment activities is substantiated. The factors of innovative development of the economic system are given. The stages and subjects of investment activity are presented. The concept of innovative and investment development is proposed.
Keywords
innovation; investment; region; economic system; activity; development; technology; commercialization; effect; interconnection.
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About Authors
Malykhina Irina Olegovna – Candidate of Economic Sciences, Associate Professor, Department of Strategic Management, Belgorod State Technological University named after V.G. Shukhov, Belgorod, Russia (308012, Belgorod, Kostyukova street, 46); e-mail: imalykhina@inbox.ru.
For citation
Malykhina I.O. Research of Interrelation and Interdependence of Innovative and Investment Activities. Bulletin of Ural Federal University. Series Economics and Management, 2019, Vol. 18, No. 6, 854–873. DOI: 10.15826/vestnik.2019.18.6.041.
Article info
Received October 17, 2019; Accepted November 4, 2019.
DOI: http://dx.doi.org/10.15826/vestnik.2019.18.6.041
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