Issue №3, 2019

LOGIN      REGISTER

          

Priority of public-private partnership in financing the knowledge-intensive sector of the economy

 

DOI: 10.34130/2070-4992-2019-3-56-64

Full article 

Taubayev A. A. — Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan; South Ural State University, Chelyabinsk, Russia; Doctor of Economics, Professor, Director of the Center for monitoring and development of scientific-research works, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Talimova G. U. — Ural Federal University named after the First President of Russia B.N. Yeltsin, Yekaterinburg, Russia; Postgraduate Student of the Higher School of Economics and Management, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Saifullina Yu. M. — Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan; Candidate of Economic Sciences, Associate Professor of Banking Department, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Borisova E. I. — Karaganda Economic University of Kazpotrebsoyuz, Karaganda, Kazakhstan; Candidate of Economic Sciences, Associate Professor of Banking Department, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The research is aimed at identifying the main problems in the financing of research in the hightech sector of the economy of Kazakhstan in the implementation of the state priority policy of national science. The aim of the research was to find out why the reforms of the long-term state policy for the development of national science did not lead to an increase in research funding and the role of science in the national innovation system and to propose mechanisms of public-private partnership to solve the identified problems. The results obtained in the course of the study are of practical interest to the authorized bodies of the state science and innovation policy of Kazakhstan, subjects of innovation infrastructure and entrepreneurs in the field of science and innovation. The recommendations are designed to adjust the innovation policy of Kazakhstan, in terms of attracting additional financial resources in the implementation of research projects developed at universities and research institutes of the country. The article is prepared on the basis of original data obtained by the results of an independent expert survey of scientists with experience in management and implementation of research projects on the basis of state and other types of funding and co-financing. According to the results of the survey, the trend of dissatisfaction of scientists with the existing system of financing of science is clearly traced, as well as the presence of their own opinions about specific measures to solve the existing problems in this area. Based on the analysis of international experience in the application of the main forms of public-private partnership in the field of science and innovation, priority measures to enhance the participation of institutional investors in the long-term financing of high-tech projects are proposed.

Keywords: knowledge-based economy, research financing, public-private partnership, industrial-innovative infrastructure.

References

  1. Shelomentsev A.G., et al. Modelirovanie stsenariev dinamichnogo razvitiia regionalnykh ekologo-sotsio-ekonomicheskikh sistem v usloviiakh reindustrializatsii stran Evraziiskogo ekonomicheskogo soiuza [Modeling scenarios for the dynamic development of regional environmental, socio-economic systems under the conditions of reindustrialization of the countries of the Eurasian Economic Union]. Karaganda: ТОО «PEGASO», 2017. 250 p. (In Russian).
  2. Taubayev A.A., Kamenova A.B., Borisova E.I., Saifullina Yu.M. Formirovaniye v Kazakhstane institutsional'noy sredy razvitiya vysokotekhnologichnogo sektora i innovatsionnogo predprinimatel'stva [Formation in Kazakhstan institutional envi-ronment for the development of high-tech sector and innovative entrepreneurship]. Corporate Governance and Innovative Economic Development of the North: Bulletin of the Research Center of Corporate Law, Management and Venture Capital of Syk-tyvkar State University, 2019, no. 1, pp. 104–111. DOI: 10.34130/2070-4992-2019-1-104-111 (In Russian).
  3. Kniazevych, A., Kyrylenko, V., Golovkova, L., 2018. Innovation infrastructure of Ukraine: assessment of the effective-ness of the action and ways of improvement. Baltic Journal of Economic Studies, vol. 4, no. 1: 208–218. DOI: https://doi.org/10.30525/2256-0742/2018-4-1-208-218
  4. Tambovtsev, V.L., 2018. On scientific validity of Russian science policy. Voprosy Ekonomiki, vol. 70: 5–32. DOI: https://doi.org/10.32609/0042-8736-2018-2-5-32
  5. Baldi, G., Bodmer, A., 2018. R&D investments and corporate cash holdings. Economics of Innovation and New Tech-nology, vol. 27, no. 7: 594–610. DOI: https://doi.org/10.1080/10438599.2017.1378191
  6. Amoroso, S., Audretsch, D.B., Link, A.N., 2018. Sources of knowledge used by entrepreneurial firms in the European high-tech sector. Eurasian Business Review, vol. 8, no. 1: 55–70. DOI: https://doi.org/10.1007/s40821-017-0078-4
  7. Aguiar, L., Gagnepain, P., 2017. European cooperative R&D and firm performance: Evidence based on funding differ-ences in key actions. International Journal of Industrial Organization, vol. 53: 1-31. DOI: https://doi.org/10.1016/j.ijindorg.2016.12.007
  8. Elnasri, A., Fox, K.J., 2017. The contribution of research and innovation to productivity. Journal of Productivity Analy-sis, vol. 47, Special Issue, no. 3: 291–308. DOI: https://doi.org/10.1007/s11123-017-0503-9
  9. Zhao, Y.H., Song, X.G., 2018. How Should the Chinese Government Invest R&D Funds: Enterprises or Institutions? Computational Economics, vol. 52, Special Issue, no. 4: 1089–1112. DOI: https://doi.org/10.1007/s10614-017-9787-0
  10. Fombang, M.S., Adjasi, C.K., 2018. Access to finance and firm innovation. Journal of Financial Economic Policy, vol. 10, no. 1: 73–94. DOI: https://doi.org/10.1108/JFEP-10-2016-0070
  11. OECD, 1996. The Knowledge-based Economy, OCDE/GD(96)102, Paris, 1996. Date Views 03.06.2019 http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=OCDE/GD%2896%29102&docLanguage=En
  12. Gosudarstvennyi komitet po statistike Kazakhstana. Ofitsialnyi vebsait [The State Committee for Statistics of Kazakh-stan. Official website]. Available at: http://stat.gov.kz/faces/wcnav_externalId/ (Accessed: 03.06.2019).
  13. Mukhtarova, K., Ziyadin, S., Kupeshova, S., Doszhan, R., 2017. Problems of developing the foundations of sustainable competitiveness of industrial and innovative economy in Kazakhstan. Economic Annals-ХХI: Vol. 168, Is. 11–12: 38–43. DOI: https://doi.org/10.21003/ea.V168-08
  14. Ulybyshev D.N., Kenzhebekov N.D. Vozmozhnosti i mekhanizmy razvitiia kazakhstanskogo innovatsionnogo biznesa v ramkakh evraziiskogo ekonomicheskogo soiuza [Opportunities and mechanisms for the development of Kazakhstan's inno-vative business within the framework of the Eurasian Economic Union]. Ekonomika Tsentralnoi Azii [Economics of Central Asia], 2017, vol. 1, no. 3, pp. 145–154. (In Russian).
  15. Hottenrott, H., Lawson, C., 2017. Fishing for complementarities: Research grants and research productivity. Interna-tional Journal of Industrial Organization, Vol. 51: 1–38. DOI: https://doi.org/10.1016/j.ijindorg.2016.12.004
  16. Davletbayeva, N., Taubayev, A., Kuttybai, M., 2018. System problems of entrepreneurship development in Kazakh-stan regions in conditions of globalization. IDIMT 2018: Strategic Modeling in Management, Economy and Society. 26th Inter-disciplinary Information Management Talks, pp. 113–119. Date Views 03.06.2019 https://idimt.org/wp-content/uploads/proceedings/IDIMT_proceedings_2018.pdf
  17. Gosudarstvenno-chastnoe partnerstvo v innovatsionnoi sfere: mirovoi opyt i perspektivy Rossii / pod red. R.M. Nizhego-rodtseva, S.M. Nikitenko, E.V. Goosen [Public-Private Partnership in the Innovation Sphere: World Experience and Prospects of Russia. Ed. R.M. Nizhegorodtsev, S.M. Nikitenko, E.V. Goosen]. Kemerovo: OOO «Sibirskaia izdatelskaia gruppa», 2012. 482 p. (In Russian).
  18. Shorikov V. Gosudarstvenno-chastnoe partnerstvo i razvitie innovatsionnoi infrastruktury [Public-private partner-ship and the development of innovative infrastructure]. Vestnik MAG. Informatsionno-analiticheskii zhurnal [Vestnik MAG. Information and analytical journal.], 2009, no. 5–6(24). (In Russian).
  19. Te A.L. Ispolzovanie instrumentov mirovogo opyta gosudarstvenno-chastnogo mekhanizma dlia modernizatsii otech-estvennoi ekonomiki. Materialy mezhdunarodnoi konferentsii [Using the tools of world experience in a public-private mechanism for the modernization of the domestic economy: Materials of an international conference]. Mezhdunarodnyi zhurnal eksperimentalnogo obrazovaniia [International Journal of Experimental Education], 2013, no. 11 (part 3), pp. 222–228. (In Russian).

For citation: Taubayev A. A., Talimova G. U., Saifullina Yu. M., Borisova E. I. Priority of public-private partnership in financing the knowledge-intensive sector of the economy // Corporate governance and innovative economic development of the North: Bulletin of the Research Center of Corporate Law, Management and Venture Capital of Syktyvkar State University. 2019. No. 3. Рр. 56–64. DOI: 10.34130/2070-4992-2019-3-56-64