I. B. Yulenkova. Factors in Innovative Development of a Region

UDK 332:001.895

DOI: https://doi.org/10.15507/2413-1407.109.027.201904.661-677

Introduction. Innovation is one of the necessary conditions for economic growth and development of society. Depending on the level of processes of innovation, directions and pace of development of regions are determined in terms of qualitative transformations and the increase in basic economic indicators. The necessary conditions for innovative development and sustainable economic growth in a region include identification of factors affecting innovative activities. In this regard, the study of innovative development of regions is of particular importance and relevance. The purpose of this research is to substantiate the systematic approach to the classification of factors in innovative development of regions in the context of their influence on sustainable socio-economic development of territories.

Materials and Methods. The object of this research was innovative development of a region exemplified by the case of the Republic of Mordovia. Regional statistics was used as the information base for the research. The study employed the methods of factor and system analysis, expert survey, planning, forecasting and comparison.

Results. The features of the innovative development of a region have been determined. The factors affecting the innovative development of a region have been classified. According to the author, using the indicated factors makes it possible to develop a strategy for the growth of innovative activities in a region. The factors have been analyzed and it has been proved that they affect the level of regional innovation processes.

Discussion and Conclusion. Determination of the institutional conditions and the impact of internal and external factors, identifying the optimal level of correlation of maximum income and minimum costs will lead to the expansion of innovative activities of enterprises in a region, which will ensure the innovative and socio-economic development of the region. The results obtained serve as the basis for assessing the attractiveness of a region in terms of investment and provide a forecast for the impact of innovation on the regional growth. The results of this research have practical relevance and can be used in the practice of stimulating innovative activities in regions.

Keywords: region, regional development, innovation, strategy, factors, innovative development, infrastructure, innovative activities

Funding. This article was prepared with the financial support from the Russian Foundation for Basic Research and the Government of the Republic of Mordovia (project No. 18-410-130004 r_a “Development of a methodology for the creation of an economic and financial climate for sustainable innovative entrepreneurship in a region)”.

REFERENCES

1. Myasnikovich M.V. The Role of the State in Proving of The Innovate Process. Problemy upravleniya = Public Administration Issues. 2007; (1):15-19. Available at: https://elibrary.ru/item.asp?id=35255173 (accessed 27.04.2019). (In Russ., abstract in Eng.)

2. Kildyushkina I.G. [Innovative Approaches to Economic Development at the Regional Level]. Izvestiya vysshikh uchebnykh zavedenij. Povolzhskij region. Obshhestvennye nauki = University Proceedings. Volga Region. Social Sciences. 2011; (1):116-124. Available at: https://izvuz_on.pnzgu.ru/on15111 (accessed 27.04.2019). (In Russ.)

3. Menshchikova V.I., Ermakov A.I. Techniques of the Estimation of Innovative Potential of Region: Essence, Features of Application, Lacks. Sotsialno-ehkonomicheskie yavleniya i protsessy = Social and Economic Phenomena and Processes. 2011; (10):127-136. Available at: https://elibrary.ru/item.asp?id=17692518 (accessed 27.04.2019). (In Russ., abstract in Eng.)

4. Lukasheva N.E. Priorities of Strategic Planning in Questions of Innovative Development of Megalopolis. Kreativnaya ehkonomika = Creative Economy. 2011; (8):77-81. Available at: https://creativeconomy.ru/lib/4444 (accessed 27.04.2019). (In Russ., abstract in Eng.)

5. Petrukhina E.V. Major Factors of Innovative Development of Regions. Nauchnye vedomosti Belgorodskogo gosudarstvennogo universiteta. Seriya: Ehkonomika. Informatika = Belgorod State University Scientific Bulletin. Series “Economics. Computer Science”. 2012; 22(7-1):56-65. Available at: https://www.bsu.edu.ru/bsu/science/public/bsu-science-journal/detail.php... (accessed 27.04.2019). (In Russ., abstract in Eng.)

6. Loshakova I.M. Estimation of the Factors Impending Innovations and Innovative Potential Development of the Region. Nauka i ehkonomika = Science and Economics. 2011; (2):9-11. Available at: https://elibrary.ru/item.asp?id=16532579 (accessed 27.04.2019). (In Russ., abstract in Eng.)

7. Zagidullina G.M., Sirazetdinov R.M. [Main Factors Contributing to the Development of the Innovation System of a Region]. Obshhestvennye nauki = Social Sciences. 2011; (7):493-496. Available at: https://elibrary.ru/item.asp?id=21610610 (accessed 27.04.2019). (In Russ.)

8. Fokeev M.A. Key Factors of Innovative Development of Russian Regions. Finansy i kredit = Finance and Credit. 2017; 23(15):900-912. DOI: https://doi.org/10.24891/fc.23.15.900

9. Nosonov A.M. Features of Innovative Development of Russia’s Regions. Regionologiya = Regionology. 2014; (4):22-31. Available at: http://regionsar.ru/ru/node/1318 (accessed 27.04.2019). (In Russ., abstract in Eng.)

10. Zemtsov S., Baburin V. Does Economic-Geographical Position Affect Innovation Processes in Russian Regions? Geography, Environment, Sustainability. 2016; (4):14-33. (In Eng.) DOI: https://doi.org/10.24057/2071-9388-2016-9-4-14-32

11. Zemtsov S., Muradov A., Wade I., Barinova V. Determinants of Regional Innovation in Russia: Are People or Capital More Important? Foresight-Russia. 2016; (2):29-42. (In Eng.) DOI: https://doi.org/10.17323/1995-459X.2016.2.29.42

12. Porter M.E. The Economic Performance of Regions. Regional Studies. 2003; (37):549-578. (In Eng.) DOI: https://doi.org/10.1080/0034340032000108688

13. Vasilevska D., Rivza B. Green Entrepreneurship as a Factor of Sustainable Economic Development in Baltic States. In: International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM. 2018; 18(5.3):423-430. (In Eng.) DOI: https://doi.org/10.5593/sgem2018/5.3/S28.054

14. Bendic V., Mohora C., Tilinǎ D., Turcu E., Niţǎ A. Multifunctional Econometrics Models of Turnover Dynamics of Using Primary Factors of the Economic Process. In: Proceedings of the 28th International Business Information Management Association Conference – Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth. 2016. p. 3395-3414. Available at: https://ibima.org/accepted-paper/multifunctional-econometrics-models-tur... (accessed 27.04.2019). (In Eng.)

15. Zhang Y., Hu P. Analysis on the Overall Level of Regional Innovation Environment in China. In: ACM International Conference Proceeding Series. 2018. p. 159-164. (In Eng.) DOI: https://doi.org/10.1145/3241748.3241771

16. Hovgaard A., Hansen E., Roos J. Innovation in the Forest Products Industry: An Analysis of Companies in Alaska and Oregon. In: USDA Forest Service – General Technical Report PNW(629). 2005. p. 1-48. (In Eng.) DOI: https://doi.org/10.2737/PNW-GTR-629

17. Drucker P.F. Innovation and Entrepreneurship: Practice and Principles. HarperBusiness; 2006. Available at: https://www.amazon.com/Innovation-Entrepreneurship-Peter-F-Drucker/dp/00... (accessed 27.04.2019). (In Eng.)

18. Zang L., Xiong F., Lao X., Gao Y. Does Governance Efficiency Matter for National Innovative Capacity? One Tale from Different Countries. Technology Analysis and Strategic Management. 2019; 31(2):239-252. (In Eng.) DOI: https://doi.org/10.1080/09537325.2018.1493450

19. Junge M., Severgnini B., Srensen A. Evidence on the Impact of Education on Innovation and Productivity. Working Papers from Copenhagen Business School. 2012; (2):1-31. Available at: https://ideas.repec.org/p/hhs/cbsnow/2012_002.html (accessed 27.04.2019). (In Eng.)

20. Jaffe A.B., Lerner J., Stern S. Innovation Policy and the Economy. National Bureau of Economic Research. The MIT Press, Cambridge, Massachusetts; 2005. 5. Available at: https://mitpress.mit.edu/books/innovation-policy-and-economy-volume-5 (accessed 27.04.2019). (In Eng.)

21. Audretsch D., Keilbach M. Entrepreneurship Capital and Economic Performance. Regional Studies. 2004; 38(8):949-959. (In Eng.) DOI: https://doi.org/10.1080/0034340042000280956

Submitted 29.04.2019; accepted for publication 15.07.2019; published online 30.12.2019.

About the author:

Irina B. Yulenkova, Associate Professor, Department of Finance and Credit, National Research Mordovia State University (68/1 Bolshevistskaya St., Saransk 430005, Russia), Ph. D. (Economics), ORCID: https://orcid.org/0000-0003-0705-1284, yulenkova.irina@yandex.ru

Acknowledgements. The author is grateful to the reviewer, whose valuable comments made it possible to improve the quality of the text.

For citation:

Yulenkova I.B. Factors in Innovative Development of a Region. Regionology = Russian Journal of Regional Studies. 2019; 27(4):661-677. DOI: https://doi.org/10.15507/2413-1407.109.027.201904.661-677

The author has read and approved the final version of the manuscript.

To download article