Approach to assessing efficiency of public expenditures on applied research in condition of digital economy

International Scientific Conference "Digital Transformation on Manufacturing, Infrastructure and Service"

Ushakova, Svetlana^1 ; Sergeeva, Olga^1 ; Vershinin, Ivan^1^2 ; Kornilov, Aleksey^1

Russian Research Institute of Economics, Politics and Law in Science and Technology, Zemlyanoy Val St., 50A, Moscow

105064, Russia^1

National Research University Higher School of Economics, Myasnitskaya St., 20, Moscow

101000, Russia^2

关键词: Applied research;    Cash flow;    Digital economy;    Digital environment;    Financial flows;    Income tax;    Management decision-making;    Public expenditures;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/497/1/012097/pdf
DOI  :  10.1088/1757-899X/497/1/012097

来源: IOP

【 摘 要 】

The article is addressing the problem of evaluating the efficiency of public expenditures on applied R&D being a tool to improve "transparency" of financial flows in scientific and technical sphere, implemented in digital environment. Economic effect of is construed as sum of economic effects expressed in GVA created by the company with utilization of R&D findings, and in sales-generated income tax payments. The article presents a model for assessing the overall economic effect of applied R&D findings utilization with the use of tool identified as "cash flow discounting". The rule of estimation of efficiency of budget expenditures for applied R&D is formulated. It is concluded that the presented model can become a part of management decision-making tools in scientific and technical sphere in terms of selection of directions of state financing of applied R&D. The proposed approach to assessing the efficiency of budget investments in applied R&D can be implemented as one of the services of the digital economy platform.