Research paper on Innovation Institutional Governance: New Perspectives on Leadership in Russian Public Procurement

Description

Title: Innovation Institutional Governance: New Perspectives on Leadership in Russian Public Procurement

Abstract: The national innovation system (NIS) is crucial to the development of competitive sectors in any given nation today due to the post-COVID world, the transformation of the global economy under the post-industrial paradigm, and the economy of “knowledge”. In this context, Russia’s innovation system performs noticeably worse than that of other nations, necessitating modernization based on cutting-edge regulatory tools, policies, and global leading trends. Due to the lack of institutions and mechanisms for regulating the institutional environment of the Russian economy, the direct import of institutions from foreign innovation systems demonstrates its limited effectiveness. Public procurement of innovation is one of the most well-known, effective, and “universal” methods for putting government institutions’ innovation policies into practice. Insofar as different types of policies predominate in various countries around the world, the analysis of international experience demonstrates that the implementation of the innovation policy via innovative public procurement has a highly heterogeneous landscape even in the “cohesive” jurisdictions represented by the European Union (EU). There isn’t a definite trend toward the one and only commonplace regulatory approach. In this regard, the Russian experience serves as a de facto demonstration of the lack of any centralized, transparent, and effective policy, as evidenced by the procurement of ostensibly innovative goods like gas cartridges and auto repairs. This paper identifies the current institutional shortcomings of the Russian NIS using the regulation of novel domestic procurement as an illustration. In order to maintain its dominant position in the global competition, it suggests ways to modernize the current policy based on institutional and narrative approaches. This article highlights the gaps in the body of knowledge regarding institutional governance of innovations and innovation procurement in Russia and suggests future research avenues based on narrative economics. This article has implications for academics and practitioners in the fields of innovation policies and public procurement by outlining the current knowledge as a foundation for future research in institutional governance of innovations.

Keywords: innovation policy; public procurement; leadership; narrative economics; national innova- tion system; institutional economics; regulatory failure; Russia

Paper Quality: SCOPUS / Web of Science Level Research Paper

Subject: Economics

Writer Experience: 20+ Years

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