THE R&D SECTOR OF THE REPUBLIC OF BELARUS:STATE AND DEVELOPMENT PROSPECTS

Authors

  • V. V. Klimuk Baranavichy State University, 21 Voikаva Str., 225404 Baranаvichy, the Republic of Belarus Author

Keywords:

R&D sector; effectiveness of scientific-research activity; influence factors; correlation analysis; analysis of elasticity

Abstract

The article updates the role of the R&D sector development in order to grow the competitiveness of domestic products based
on the development of intellectual potential. The main indicators characterizing the effectiveness of the development of the R&D market in the Republic of Belarus have been studied on the basis of the empirical data for 2017—2021. A correlation analysis and an analysis of the elasticity of the analyzed indicators were carried out to assess the relationship of the individual factors. The analysis showed the effectiveness of the expenditures, invested in the creation of knowledge-intensive products. The development prospects of the R&D sector in the Republic of Belarus are presented on the basis of the analytical data and a number of the author’s proposals.

Fig. 5. Table 1. Ref.: 20 titles.

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Published

2022-12-01

Issue

Section

ЭКОНОМИЧЕСКИЕ НАУКИ