№ 12/2017

Fìnansi Ukr. 2017 (12): 35–52https://doi.org/10.33763/finukr2017.12.035

СHANGE MANAGEMENT IN THE SYSTEM OF PUBLIC FINANCE

BOHDAN Ivan ¹, YARA Tetiana ², KONOVALENKO Dmytro ³

¹National Bank of Ukraine
OrcID ID : https://orcid.org/0000-0002-1752-0198
²SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0002-8242-1479
³SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0001-6314-3525

Methodological approaches to R&D measurement in line with international standards

The article suggests the methodological approaches to measurement of research and development (R&D) in accordance with the OECD’s Frascati 2015 international standards that take into account the requirements of the UN SNA 2008 and the IMF GFSM 2014. The authors summarize the recommendations for measuring financial and human resources devoted to R&D in terms of R&D performers and funding sources, with the focus on the types of associated transactions in order to evaluate the effectiveness of those who perform and those who fund research, as well as to analyze R&D activities regarding their application, location, administrative level, the purpose of such activities and the level of interaction and cooperation between sectors. The authors draw recommendations for measuring R&D carried out by separate institutional sectors: business enterprise sector, government sector and private non-profit sector, given the distinctions specific to each of them. The problems of the generation of Ukraine’s statistical data on R&D funding and performance by the government sector in the context of their compliance with international standards are analyzed, in particular the lack of proper implementation of the international standards of accounting, financial and statistical reporting. That problem hampers to distinguish transfer funding from exchange budget funding for R&D. The authors highlight the utmost urgency for a corporate sector of proper identification of R&D carried out within financial and industrial groups. For non-profit making organizations, the urgent matter is identification and measurement of specific for this sector types of financing (such as philanthropy), as well as innovative types of funding related to the development of on-line technologies (such as crowdfunding).

Keywords:research and development, Frascati international standards, R&D, R&D performance, R&D funding, institutional sectors

JEL: O3

BOHDAN I. . Methodological approaches to R&D measurement in line with international standards / I. . BOHDAN, T. Yara, D. Konovalenko // Фінанси України. - 2017. - № 12. - C. 35-52.

Article original in Ukrainian (pp. 35 - 52)

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