INNOVATION POTENTIAL OF NATIONAL ECONOMIES: A COMPARATIVE ANALYSIS

Abstract

Currently, with the expansion of technological innovations, the economy of the Russian Federation is being transformed. For this reason, it becomes necessary to assess its innovation potential and compare it with the level of innovation potential of other countries. The economies of the BRICS countries were selected for the study, and the United States was also considered as an example of a developed innovation economy. To assess the innovation potential of these countries, groups of indicators were identified that determine the degree of innovation development. The study used data from the Science and Technology section of the World Bank site and applied the methods of correlation and regression analysis. The results of the analysis make it possible to identify and compare the key factors in the development of innovation potential in the countries under consideration.