№ 2/2004

It is proposed to introduce, into the practice of determining the economic efficiency of innovations, the index ЕЗ, which characterizes the efficiency of expenditures for increasing labor productivity. More precise results in determining the economic efficiency are obtained by measuring the effect and expenditures in units of labor force resources. A model of economic growth is suggested, which takes into account the labor force substitution. The author formulates initial concept for determining economic efficiency of innovations, analyzes the shortcomings in the UNIDO methods for determining, with its use, innovations efficiency, and suggests approaches for creating methods to evaluate the economic efficiency of innovations

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