Competition is More Efficient than the Command Mechanism

Research Article
How to Cite
Kurdin A.A. Competition is More Efficient than the Command Mechanism. Science Management: Theory and Practice. 2021. Vol. 3. No. 4. P. 60-64. DOI: https://doi.org/10.19181/smtp.2021.3.4.7 (in Russ.).

Abstract

The article is devoted to the assessment of innovative activity factors in the national economy. The author shows that investments in human capital and the maintenance of favorable institutional environment are important but not sufficient for the innovation-driven development, because they do not provide incentives for innovators themselves. Partially the incentives could be provided by the state but its oversized machine and regulatory bias in modern Russia do not permit to accomplish this function. In this situation the most important elements of the innovative activity support system are the development of market competition and the integration into global value added chains.
Keywords:
innovations, innovation policy, competition, economic growth

Author Biography

Alexander A. Kurdin, Lomonosov Moscow State University, Moscow, Russian Federation
Candidate of Economics, Senior Researcher, Deputy Dean of the Faculty of Economics

References

1. Aghion, P. and Griffith, R. (2005). Competition and growth: reconciling theory and evidence. Cambridge Mass: MIT press. 104 p.

2. Shapiro, C. (2012). Competition and Innovation. In: The rate and direction of inventive activity revisited. University of Chicago Press. P.: 361–410.

3. Bulman, D., Eden, M. and Nguyen, H. (2017). Transitioning from low-income growth to high-income growth: is there a middle-income trap? Journal of the Asia Pacific Economy. Vol. 22, no. 1. P. 5–28.
Article

Received: 23.12.2021

Accepted: 29.12.2021

Citation Formats
Other cite formats:

APA
Kurdin, A. A. (2021). Competition is More Efficient than the Command Mechanism. Science Management: Theory and Practice, 3(4), 60-64. https://doi.org/10.19181/smtp.2021.3.4.7