On the Factors of Innovative Economic Development in the Modern World

This paper assesses the dynamics of innovation diffusion in Russian industry and evaluates the influence of science and education factors on the diffusion of innovation in industry in modern countries. The paper utilizes UN statistical data, including: the share of added value of medium-sized and high-tech industries in the total added value of industry; the share of research expenditures in countries' GDP; the share of the country's population with basic computer literacy; and the share of the population with higher education. In this particular case, the ability to perform mathematical operations in a spreadsheet environment was chosen as an indicator of computer literacy. A combination of data from countries in Europe, North America, the CIS, as well as Turkey and Israel was used. Based on the data from these countries, econometric models were obtained using regression analysis. The research results showed that up to 50% of the diffusion of innovations is ensured by the level of scientific development, and up to 5-6% by the spread of education in a country. Thus, science and education provide a significant portion of the diffusion of innovations in the modern world.