Open AccessLEGAL REGULATION OF THE STATE AID SUPPORT FOR SCIENTIFIC RESEARCH IN THE EUROPEAN UNION AND THE EURASIAN ECONOMIC UNION
Author(s) -
В. Ю. Слепак
Publication year - 2020
Publication title -
lex russica/lex russica (russkij zakon)
Language(s) - English
Resource type - Journals
eISSN - 2686-7869
pISSN - 1729-5920
DOI - 10.17803/1729-5920.2019.157.12.122-134
Subject(s) - inefficiency , competition (biology) , government (linguistics) , european union , business , intervention (counseling) , single market , economics , economic interventionism , market failure , market economy , production (economics) , nonmarket forces , domestic market , public economics , industrial organization , international trade , factor market , microeconomics , political science , psychology , ecology , linguistics , philosophy , psychiatry , politics , law , biology
Taking into account the generally accepted view that competition in the market brings positive results in terms of pricing, production and resource use, it should be noted that government intervention is able to improve the functioning of markets and thus promote reasonable, sustainable and inclusive growth. For the R&D and innovation sphere is characterized by the inefficiency of the market mechanism, because usually market participants do not take into account the positive external effects of the use of this direction, considering it less significant in comparison with others. Similarly, R&D and innovation projects are hampered by funding or lack of coordination among market actors. Thus, government assistance in R&D and innovation can be compatible with the rules of the internal (common) market. It can be expected that government support reduces market failures in this area and will facilitate the implementation of an important project of common European interest, will promote the development of certain economic activities, where the subsequent distortions of competition and trade will not be contrary to the common interest.