- Innovation in supply chain is becoming an increasingly significant factor in the socio-economic development of national economies these days. Continuous innovation plays a crucial role in increasing the competitiveness of social production, profits made by economic entities, economic growth, and, consequently, the national economy. Innovative development cannot occur without the presence of effective mechanisms for financing innovation. The purpose of this study is to assess the impact of innovation and its financing on the economic growth of the Republic of Mordovia – one of the federal subjects of the Russian Federation. |
