INSTITUTIONAL DEVELOPMENT OF INNOVATION AND INVESTMENT PROCESSES IN THE AGRIFOOD COMPLEX UNDER CONDITIONS OF STRUCTURAL TRANSFORMATION

Issue № 1, 2024, article № 7, pages 77-82

Section: Investment and innovation in agriculture

Language: Russian

Original language title: ИНСТИТУЦИОНАЛЬНОЕ РАЗВИТИЕ ИННОВАЦИОННО-ИНВЕСТИЦИОННЫХ ПРОЦЕССОВ В АГРОПРОДОВОЛЬСТВЕННОМ КОМПЛЕКСЕ В УСЛОВИЯХ СТРУКТУРНОЙ ТРАНСФОРМАЦИИ

Keywords: AGRI-FOOD COMPLEX, INNOVATION AND INVESTMENT PROCESSES, SUSTAINABILITY, INNOVATION ACTIVITY, SCIENCE FINANCING, STAKEHOLDERS, SYSTEMIC INNOVATION INTERMEDIATION, MECHANISMS

Abstract: Improving institutional conditions for the introduction of high-tech products and advanced production technologies in all sectors of the national economy, including in the agricultural and food complex, is an integral factor in ensuring food security and independence of the country. The purpose of the study is to assess the effectiveness of innovation and investment processes in the agri-food complex and to develop methods for stimulating sustainable development on an innovation basis at the federal and regional levels. The theoretical and methodological basis was the theory of institutional development, the concept of the triple helix and open innovation. During the research process, monographic, abstract-logical, analytical, economic-statistical, and expert research methods were used. An analysis was carried out and an assessment was made of the prospects for the development of innovation and investment processes based on the expansion of communication interaction between stakeholders. An empirical calculation was made of the dynamics of innovation and investment activity in agriculture and leading industries in 2017-2021. Contradictions and disproportions have been identified in terms of financing of agricultural science and the dynamics of agricultural production volumes. The results showed a certain dependence of indicators of innovation and investment activity on internal costs for research and development in agriculture, which predetermines the need to substantiate differentiated strategies for the distribution of state support funds in the agri-food complex. Measures have been proposed to increase the efficiency of communication interaction between participants in the innovation process using a system-functional approach and the mechanism of innovative system intermediation. The practical value of the results lies in the possibility of forming a strategy for innovation and investment development in the context of the introduction of innovative technologies and high-tech products as a vector of sustainable socio-economic development of Russia.

Authors: Derunova Elena Anatolevna