Author:

Vyacheslav V. Volchik, Southern Federal University, Rostov-on-Don, Russia

Elena V. Fursa, Southern Federal University, Rostov-on-Don, Russia

Abstract:

Comparing recommendations coming from the theoretical research on economic modeling of the national innovation system with suggestions based on the narrative analysis of actors from the Russian innovation system (RIS) may help design a strategy for the regulation of innovative development. The study aims to produce recommendations for the state innovation policy by examining actors’ perceptions. Narrative economics combined with elements of original institutionalism constitutes the methodological basis of the research. The paper uses qualitative methods of narrative analysis. The evidence base is narratives of the RIS actors contained in rating and specialised Russian media and Internet resources, as well as in 27 in-depth interviews, selected during the online expert sampling. According to the study’s findings, the RIS actors note a significant role of the state in the development of innovation in the narratives, but at the same time point to such problems as inconsistency of government actions, instability of innovation policy, lack of effective mechanisms for increasing financing of innovation projects. Respondents attach particular importance to business involvement in innovation, creation and promotion of entrepreneurial initiative, expansion of economic freedom. The results of the study allow identifying the most critical factors in and methods for boosting activity in the national innovation system.

Keywords: Russian innovation system; economic policy; narrative economics; innovation; institutional economics; entrepreneurial initiative.

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For citation: Volchik V. V., Fursa E. V. (2023). Russian innovation system: Narratives and economic policy. Journal of New Economy, vol. 24, no. 4, pp. 22–40. DOI: 10.29141/2658-5081-2023-24-4-2. EDN: ZXMDFZ.