Abstract:

Economic environment is becoming increasingly important development of new technologies and innovation, which are the basis of modernization of a developing economy. In this case, the process of innovation development is influenced by many factors, including investments from various sources. In this article the correlation and regression analysis of the impact of state and foreign direct investment on an indicator of innovation development as patents. The analysis revealed that the greatest variation is observed between foreign direct investment and the number of patents.

Keywords: foreign direct investment., public investment, modernization, patents, innovation