Preview

The Review of Economy, the Law and Sociology

Advanced search

The Role of Financial Policy Instruments in Supporting R&D

https://doi.org/10.24412/1998-5533-2025-2-40-46

Abstract

The relevance of the research is determined by the need to analyze the effectiveness of government financial policy aimed at ensuring macroeconomic stability and stimulating economic growth in the context of global challenges and technological transformations.
The purpose of the article is to analyze financial policy instruments aimed at supporting scientific research and development in the country. To achieve this goal, the following tasks were set: based on theoretical approaches and available statistical data, to investigate and systematize key fiscal policy instruments aimed at supporting R&D used in domestic and foreign practice, to identify stable dependencies of macroeconomic parameters.
The study highlights the importance of financial measures aimed at stimulating scientific research and innovation, which is especially important for Russia in the context of the need to achieve technological sovereignty.

About the Authors

S. E. Demidova
Financial University under the Government of the Russian Federation
Russian Federation

Moscow



A. A. Molyavina
Financial University under the Government of the Russian Federation
Russian Federation

Moscow



D. V. Sokolova
Financial University under the Government of the Russian Federation
Russian Federation

Moscow



References

1. Keynes J. M. The General Theory of Employment, Interest and Money. London: Macmillan, 1936. 472 р.

2. Андреев М.Ю., Полбин А.В. Влияние фискальной политики на макроэкономические показатели в DSGE-моделях // Финансовый журнал. 2018. № 3. С. 21–33.

3. Horton M., El-Ganainy A. Fiscal Policy: Taking and Giving Away. 2020, February 24. URL: https://www.imf.org/external/pubs/ft/fandd/basics/36-fiscal-policy.htm

4. Слушкина Е.Ю. Оценка эффективности бюджетно-налоговой политики Российской Федерации // Economy and Business. 2020. № 12-3(70). С. 121–125.

5. Guriev S., Tsyvinski A. Innovation and Growth: The Role of Fiscal Policy in Supporting R&D // Journal of Economic Perspectives. 2019. Vol. 33. № 3. P. 123–144.

6. OECD. Tax Incentives for Research and Development: Trends and Issues. Paris: OECD Publishing, 2021. 37 р.

7. Альпидовская М.Л., Зухрабов И.А. Фискальная политика государства как фундаментальный инструмент реализации политики экономического развития современной России // Вестник Тверского государственного университета. Серия: Экономика и управление. 2024. № 3 (67). С. 237–251.

8. VC-GNY-KPMG investors report 2024. URL: https://kpmg.co.il/media/yeem2kic/ivc-gny-kpmg_investors_report_2024_final.pdf

9. Возможности и привилегии для молодого специалисту при репатриации в Израиль. URL: https://simpleisrael.ru/information/populyarnoe/vozmozhnosti-i-privilegii-dljamolodogo-specialistu-pri-repatriacii-v-izrail/

10. Li Yanchao, Frias J.A.U., Shin K., Castro L., Rogers J.D.A Case Study on Korea’s R&D Tax Incentives: Principles, Practices, and Lessons for Developing Countries (English). Washington, D.C.: World Bank Group. Available from: http://documents.worldbank.org/curated/en/099443505132416377.

11. Korea Innovation Foundation (KOFI). URL: https://www.kofi.re.kr.

12. Lee J., Kim Y. Korea’s Innovation Strategy: The Role of INNOPOLIS // Journal of Innovation Policy. 2021. Vol. 12. № 3. P. 45–60.

13. OECD (2023). Main Science and Technology Indicators: Korea. URL: https://www.oecd.org/sti/msti.htm.

14. American Association for the Advancement of Science (AAAS). The Role of Federal Funding in U.S. R&D [Internet]. URL: https://www.aaas.org/programs/r-d-budget-and-policy

15. National Science Foundation (NSF). URL: https://www.nsf.gov

16. Defense Advanced Research Projects Agency (DARPA). URL: https://www.darpa.mil

17. President’s budget. URL: https://www.whitehouse.gov/omb/information-resources/budget/

18. European Commission. Horizon Europe. URL: https://ec.europa.eu/info/horizon-europe_en

19. Flanders Innovation and Entrepreneurship (VLAIO). About VLAIO. URL: https://www.vlaio.be

20. European Commission. European Innovation Scoreboard. URL: https://ec.europa.eu/growth/industry/policy/innovation/scoreboards_en

21. World economic forum. URL: https://www.weforum.org/

22. Послание Президента России Федеральному собранию Российской Федерации. 24 февраля 2024. URL: http://kremlin.ru

23. Михайлюк М.Н. Налоговое стимулирование инновационной деятельности: возможности совершенствования // Экономика, предпринимательство и право. 2025. Т. 15. № 4. DOI: 10.18334/epp.15.4.122926.

24. OECD Tax Database (2023). URL: https://www.oecd.org/content/dam/oecd/en/topics/policy-issuefocus/tax-database/tax-database-update-note.pdf

25. Korean Institute of Startup and Entrepreneurship Development. URL: https://www.kised.or.kr/_eng/

26. U.S. Small Business Administration (2023). URL: https://bidenwhitehouse.archives.gov/wp-content/uploads/2024/02/SBA-2023-EAP-Summary.pdf

27. Официальный сайт «Сколково» (2024). URL: https://www.sk.ru/

28. Налоговые льготы для ИТ-компаний. Минцифры России (2024). URL: https://digital.gov.ru/en/activity/mery-podderzhki-it-otrasli/nalogovyelgoty-2

29. NASA (2024) // International Partnerships Report. URL: https://www.nasa.gov/partnerships/

30. Horizon Europe. URL: https://research-andinnovation.ec.europa.eu/funding/fundingopportunities/funding-programmes-and-open-calls/horizon-europe_en

31. ITER (2024) // Project Materials. URL: https://www.iter.org/

32. The «Chip 4 Alliance» and Taiwan–South Korea Relations. September 2023. URL: https://globaltaiwan.org/2023/09/the-chip-4-alliance-andtaiwansouth-korea-relations/

33. CERN (2024) // Membership Information. URL: https://home.cern/about/who-we-are/ourgovernance/member-states

34. European Commission (2023) // Participation in Horizon Europe. URL: https://ec.europa.eu/info/research-and-innovation/funding/fundingopportunities/funding-programmes-and-open-calls/horizon-europe_en

35. ESA Participation in Research Programs. URL: https://www.esa.int/About_Us/Corporate_news/ESA_and_the_EU

36. Россия и Китай заключили меморандум о сотрудничестве при строительстве электростанции на Луне. URL: https://habr.com/ru/news/908532/

37. Клавдиенко П. Государственная поддержка НИОКР и инноваций в бизнес секторе стран ЕС // Инновации. 2021. С. 63–68. DOI: 10.26310/2071-3010.2021.270.4.008

38. Финансирование НИОКТР. URL: https://gisnauka.ru/

39. OECD Main Science and Technology Indicators.URL: https://www.oecd.org/en/data/datasets/mainscience-and-technology-indicators.html


Review

For citations:


Demidova S.E., Molyavina A.A., Sokolova D.V. The Role of Financial Policy Instruments in Supporting R&D. The Review of Economy, the Law and Sociology. 2025;(2):40-46. (In Russ.) https://doi.org/10.24412/1998-5533-2025-2-40-46

Views: 21

JATS XML


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1998-5533 (Print)