Равновесная процентная ставка и развитие инноваций (Equilibrium Interest Rate and Development of Innovations)

The paper notes that one of the conditions for the development of innovations is economic equilibrium. One of the tools to achieve economic equilibrium is the interest rate. However, interest rate is characterized by rigidity, which, by hindering the achievement of economic equilibrium, has a negative impact on innovation. The paper also argues that the interest rate on bank trade credit, being less rigid, is less prone to deviate from the equilibrium level compared to the debt interest rate. The purpose of the paper is to show that one of the conditions for the development of innovations is economic equilibrium, and the interest rate on bank trade credit is less inclined to deviate from the equilibrium level compared to the debt interest rate. The paper uses methods of abstraction, deduction and statistical analysis. The study revealed that:• the development of innovation is promoted by economic equilibrium;• the interest rate on bank trade credit is less inclined to deviate from the equilibrium level compared to the debt interest rate