The impact of innovative development on economic growth in the Russian Federation

This article assesses the impact of innovative development on the growth of the Russian economy. By considering factors such as scientific research, the implementation of its results in production, and net exports, the innovative state of the economy is characterized. The manifestation of these factors clearly demonstrates how the economy’s innovative capacity is utilized. Economic modeling allowed determining the effect of innovative development on Russia’s economic growth. An economic-mathematical model of the innovative development of the Russian Federation was built. Based on this model, the influence of the studied factors was determined, revealing the effectiveness of using the economy’s innovative capacity. By calculating the contribution of these factors to the GDP growth rate, the economic structure of Russia’s innovative development was constructed. This formed the basis for developing principles and postulating a taxonomy for the intensification of the Russian economy. Utilizing the predictive function of Russia’s innovative development, three types of economic growth were identified: 1) inertial; 2) imperative; 3) experimental. It is emphasized that collectively, this constitutes a methodology for assessing economic intensification, which involves decomposing the effect of the identified factors on GDP growth, summing these effects, and determining their contribution to building the structure of such an effect. The assessment of innovative development revealed the factors driving the intensification of the Russian economy. Regulation of these processes became the foundation for developing the taxonomy of economic intensification. The impact of innovative development on the dynamics of the final economic indicator provides a new qualitative dimension to its growth rates, signaling the creation of a new economic management model that can allow achieving technological independence in the near future.