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Journal section "Innovative development"

On assessing the contribution of an innovation factor to the results of the regional economic development

Neustroyev S.

3 (21), 2012

Neustroyev S. On assessing the contribution of an innovation factor to the results of the regional economic development. Economic and Social Changes: Facts, Trends, Forecast, 2012, no. 3 (21)

Abstract   |   Authors   |   References
Nowadays, innovations are regarded as the main factor of economic growth in the region that is recognized by both public authorities and scientific community. In this regard, one of the major scientific challenges is to assess the contribution of an innovation factor to the results of the regional economic development. The researches of this problem presented in the literature are based on the use of production functions apparatus – Cobb – Douglas model, Solow growth model. The author suggests assessing the contribution of an innovation factor to the results of the regional economic development basing on the assessment of various aspects of effective innovation activity – the efficiency of innovation projects, innovation activity of enterprises in the region, management efficiency of innovation processes in the region. Integrated assessment proposes to compare in dynamics the growth of gross regional product and regional innovation cost

Keywords

innovation factor, innovation activity of an enterprise, assessment of innovation management efficiency

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