ASSESSMENT OF THE IMPACT OF INVESTMENTS IN AGRICULTURAL SCIENCE ON THE TECHNOLOGICAL DEVELOPMENT OF REGIONAL AGRICULTURAL SYSTEMS
DOI 10.32651/221-74
Issue № 1, 2022, article № 12, pages 74-84
Section: Problems of agroeconomic researches
Language: Russian
Original language title: ОЦЕНКА ВЛИЯНИЯ ИНВЕСТИЦИЙ В АГРАРНУЮ НАУКУ НА ТЕХНОЛОГИЧЕСКОЕ РАЗВИТИЕ РЕГИОНАЛЬНЫХ АГРОСИСТЕМ
Keywords: TECHNOLOGICAL DEVELOPMENT, REGIONAL AGRO SYSTEMS, COBB-DOUGLAS PRODUCTION FUNCTION, FINANCING MECHANISMS, INNOVATION, AGRO-INDUSTRIAL COMPLEX, AGRARIAN SCIENCE
Abstract: In the context of the transition to a new technological order, improving the efficiency of scientific research is one of the strategic priorities for ensuring national security and achieving a new quality of scientific, technological and economic development of Russia. High interregional differentiation in terms of natural and climatic conditions and the level of investment provision acts as a significant constraint in the formation of new export positions, which actualizes the problem of improving the state investment policy. The purpose of the study: to assess the impact of investments in agricultural science on the technological development of agricultural systems based on the construction of models by modifying the Cobb-Douglas production function, to determine the optimal level of investment in agricultural science in order to reduce interregional differentiation of technological development. The study of assessing the impact of investments in agricultural science on the technological development of agricultural systems is based on the hypothesis put forward: the multiplicative efficiency of investments in agricultural science is achieved under the condition of a faster growth in agricultural production compared with the growth rate of investments in fixed assets of agriculture. Empirically, the hypothesis was confirmed by calculations using the methodological tools of the Cobb –Douglas function, calculations were carried out to determine the optimal level of investment in agricultural science. The study of the cost effectiveness of agricultural science was conducted on the example of the regions of the Volga Federal District. The results of calculations show that in the regional context, the financing of scientific research is practically not related to the volume of production and the level of technological development of agriculture, in connection with which methodological approaches were proposed and calculations of the optimal level of investment in agricultural science were carried out taking into account the technological development of agricultural organizations.
Authors: Derunova Elena Anatolevna, Vasilchenko Marianna IAkovlevna, SHabanov Viktor Lennarovich