Financial University under the Government of the Russian Federation Researcher Provides Details of New Studies and Findings in the Area of Risk Management (Identification of The National Innovation System in A Globalized Environment): Insurance – Risk Management

2022 NOV 11 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- A new study on risk management is now available. According to news reporting originating from Financial University under the Government of the Russian Federation by NewsRx correspondents, research stated, “The activation of innovation processes always requires the presence of an appropriate enabling environment - an effective national innovation system (NIS), which determines the country’s ability to generate and implement various kinds of innovations.”

Our news editors obtained a quote from the research from Financial University under the Government of the Russian Federation: “However, the formation of a full-fledged country’s innovation system is quite difficult, at least for two reasons: the presence of purely national features of the functioning of the main agents of change, as well as the specifics of the modern world, when many important processes for innovation go beyond individual countries, forming a globalized environment, the presence and the specifics of which determine the potential and strategic directions for the further development of each NIS. The scientific and methodological approach proposed in the paper is generally based on the hypothesis of the expediency of regulating a particular national innovation system development, taking into account its belonging to a certain basic type, which determines the specific features of development. For its implementation, the methods of genetic algorithms, cluster analysis, and neural network training were used. Within the framework of the study, four basic types of NIS were identified and qualitatively interpreted, which have characteristic features in the context of the quadruple helix concept of development. To identify the national innovation system, a neural network, which simplifies the modeling of its development, was built. As a demonstration of the additional possibilities of the toolkit, four supranational associations of countries have been identified and analyzed.”

According to the news editors, the research concluded: “The practical significance of the results lies in the possibility of conducting variable analytical and predictive studies in the course of substantiating the optimal directions for the further development of the national innovation system in terms of global and cluster trends.”

For more information on this research see: Identification of The National Innovation System in A Globalized Environment. Strategiceskie rešenia i risk-menedžment, 2022,12(4):335-343. (Strategiceskie rešenia i risk-menedžment - http://www.jsdrm.ru). The publisher for Strategiceskie rešenia i risk-menedžment is Real Economics Publishing House.

A free version of this journal article is available at https://doi.org/10.17747/2618-947X-2021-4-335-343.

Our news journalists report that additional information may be obtained by contacting S. I. Kravchenko, Financial University under the Government of the Russian Federation (Moscow, Russia).

(Our reports deliver fact-based news of research and discoveries from around the world.)