Public and private partnership forms and mechanisms in the innovative modernization of Western Europe economies
The paper reveals the modern forms and mechanisms of public and private partnership financing in the context of the new innovative policy of European countries. The authors disclose the essence and peculiarities of PPP in the innovation sphere and carry out a comparative analysis of direct and indirect mechanisms of financing public-private partnerships. The scientific article analyzes the innovative development of the EU countries, the grouping of countries depending on innovation performance. The analysis led to the conclusion that the economic crisis and the slow pace of economic recovery had a negative impact on the innovative development of the EU countries. The authors draw a conclusion that a decrease in the volume of public resources could negatively affect the R & D budgets of the EU countries.