Sustainable development of economic systems on the basis of innovative processes

Abstract

The social and economic processes resulting from the COVID-19 pandemic are a new global factor that highlights setting out conditions for sustainable development of economic systems. The authors propose a hypothesis that a stable growth rate of national economy is ensured by qualitative and systemic improvement of leading innovative indicators. Thus, the purpose of the paper is to study the dynamics of and correlation between indicators of innovative development of territorial and sectoral economies. The paper presents economic and statistical study of the volume of innovative products and performed services, funding of technological innovations; the creation and application of new technologies. To ensure representativity of the sample, the authors analyzed the leading performance indicators in Russian R&D organizations from January to June 2020. The parameters of the analysis were the location in a federal district and a form of ownership. A direct correlation between R&D costs and the average number of researchers has been revealed. Sustainable development of economic systems in a new economic reality is possible only with the application of effective methods of analyzing innovation costs, studying laws and factors of innovation development, forms of endogenous and exogenous technological exchange for all economic entities.