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PECULIARITIES OF FUNCTIONING OF RUSSIAN STATE CORPORATIONS AND THEIR INFLUENCE ON THE DEVELOPMENT OF HIGH-TECH INDUSTRIES
Abstract
The article is devoted to topical issues of the public corporations functioning in particular examines the impact of the state corporations activities in the innovative development industries. The state corporation is established not for the purpose of maximizing profits, but to solve national economic problems. The state industrial corporations must provide innovative development, to stimulate economic growth, develop the institutional environment to the expansion and strengthening of the state influence mechanisms. Their goal is to overcome the insufficient quality of administrative system and its predominant focus on current challenges, to solve problems in the formation and implementation system of measures for the new sectors of the economy development, contribute to long-term goals. This allows us to consider them as institutional mechanism of the industrial sector state regulation. Public corporations use the financial support of the state, namely investments in established public corporations that are realizing their objective functions, develop key industries. Created by the state industrial corporation with significant scientific, industrial and human potential carry out their activity on realization of state policy aimed at the development and modernization of the economy in industries that require a study their effective influence on the development of the industry. The hypothesis of the study is that the most significant factor of economic growth is investment growth, which means that the more the state invests in public corporations; the better it develops the industry in which it operates, a state corporation. To confirm this hypothesis we need to establish the relationship between the volume of public investment in public corporation and the net income received by the state corporation method of calculating the correlation coefficient and equation writing, the pair regression. This will help to determine how well a state corporation. To study and illustrate the application of these methods to three selected Russian state Corporation ROSNANO, ROSTECH and ROSATOM.
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References7
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Babikova, A.V., Lyabakh, N.N., Fedotova, A.Y., Khanina, A.V. Interaction model of government and public corporations in a market economy. Mediterranean Journal of Social Sciences. Volume 6, Issue 3, 2015, Pages 49-54
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