Managing innovation activity factors in Russian regions through econometric modeling

Abstract

The paper aims to identify the main innovation activity factors in the Russian regions using econometric analysis. Assessment of the current state of the innovation environment in the Russian Federation reveals that there is a number of problems impeding innovation growth, which affects the country’s position in international rankings. The methodological basis of the research includes the theoretical principles of innovation economics, innovation management and regional development. There is a plethora of approaches to modeling the factors of innovative development of countries and regions, as well as to measuring innovation. In the article, we analyze patent activity in Russia’s regions and stimulating factors. The information base includes Rosstat panel data for 1999–2015 in 77 subjects of the Russian Federation. To optimize the set of variables of the econometric model, the authors apply a genetic algorithm. We find that factors reflecting human capital, financial performance of enterprises, market competition, ownership and general macroeconomic indicators of regions affect the indicators of patent activity. The research results can be used to formulate recommendations for improving regional innovation policy. In particular, it is reasonable to encourage the management and research staff of organizations to design and introduce innovations, develop venture business, promote active interaction of business with universities and research institutes, as well as strengthen international cooperation.

Impact of Human and Innovative Potential on the Region’s Economic Growth

“…Studies of economic models in developed countries show that rapid economic growth correlates with a high level of innovation activity of enterprises in the region. [21] Share of the number of researchers in the total population Many government development strategies are based on the assumption that investment in research contributes to the development of the region and increases its competitiveness. [16] Economic growth of the region Gross regional product per capita The gross regional product per capita is a Central indicator that characterizes the socio-economic development of the region.…”

Digital Manufacturing Enterprises as a Factor of Overcoming the Consequences of the Spread of COVID-19 in the Regions

“…It should be noted, that ensuring high values of sustainable development indicators is significantly influenced by the ability of companies and firms to carry out innovation activities and apply digital achievements. And high rates of economic growth correlate with a high level of development of the innovation environment, science, new technologies, and management methods [4]. At the same time, there is a widespread opinion, that the innovative activity of a firm is directly dependent on its size [5].…”