№ 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)

Download

Downloads :566

1. Yehorov, I. Yu., Chernenko, S. M. (2014). Harmonization of Ukraine’s system of indicators of scientific, technical and innovative development with OECD standards. Problems of science, 11-12, 2−7 [in Ukrainian].
2. Heyec’, V. M. et al. (Eds.). (2015). Innovative Ukraine 2020. Ky’yiv: NAN Ukrayiny’ [in Ukrainian].
3. Dovhal’, O. (2014). The system of indicators of innovation economy and the place of Ukraine in it. The University of Banking of the National Bank of Ukraine Review, 1, 92–95 [in Ukrainian].
4. Zhukovy’ch, I. (2005). Methodological aspects of improvement of statistics of innovation activity in Ukraine. Problems of science, 8, 20–25 [in Ukrainian].
5. Odotyuk, I. V. (2009). Economic scenarios for innovative development of the industry of high-tech manufacturing in Ukraine. Economy of industry, 5, 119–126 [in Ukrainian].
6. Shy’mko, S. (2009). The satellite account of investigation and working out: the problems of construction and accounting. Bulletin of Lviv University. Series economics, 42, 291–297 [in Ukrainian].
7. OECD. (2015, October 8). Frascati Manual 2015 Guidelines for Collecting and Reporting Data on Research and Experimental Development. Retrieved from www.oecd.org/publications/frascati-manual-2015-9789264239012-en.htm.
8. UNO. (2008). System of National Accounts 2008. Retrieved from unstats.un.org/unsd/nationalaccount/sna2008.asp [in Russian].
9. IMF. (2014). Government Finance Statistics Manual 2014 (GFSM 2014). Retrieved from www.imf.org/external/Pubs/FT/GFS/Manual/2014/gfsfinal.pdf.
10. Eurostat. (2008). Comparison between NABS 2007 and NABS 1992. Retrieved from rio.jrc.ec.europa.eu/en/library/comparison-between-nabs-2007-and-nabs-1992.
11. Department of Economic and Social Affairs. (2008). International Standard Industrial Classification of All Economic Activities (ISIC), Rev.
4. New York: United Nations. Retrieved from unstats.un.org/unsd/publication/seriesM/seriesm_4rev4e.pdf.
12. State Statistics Service of Ukraine. (2017). Scientific and innovative activity of Ukraine for 2016. Ky’yiv. Retrieved from www.ukrstat.gov.ua/druk/publicat/kat_u/2017/zb/09/zb_nayka_2016.zip [in Ukrainian].
13. State Statistics Service of Ukraine. (2016). Methodological provisions on statistics of research and development. Ky’yiv. Retrieved from www.ukrstat.gov.ua/metod_polog/metod_doc/2016/171/mp_ndr.zip [in Ukrainian].
14. State Treasury Service of Ukraine. (n. d.). Budget execution. Retrieved from www.treasury.gov.ua/main/uk/doccatalog/list?currDir=146477 [in Ukrainian].
15. IMF. (2017, April). Ukraine: IMF Country Report No. 17/83. Retrieved from www.imf.org/~/media/Files/Publications/CR/2017/cr1783.ashx.