WSEAS Transactions on Business and Economics

Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 16, 2019

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 16, 2019

Modeling of the Innovation Activity of Russia’s Regions

AUTHORS: Olga P. Smirnova, Oleg M. Barbakov, Alena O. Ponomareva, Marina V. Vinogradova

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ABSTRACT: Stable development of industries and regions of Russia is impossible without the development of an innovative economy. The paper shows that the introduction of innovations, according to global trends, is one of the key factors for increasing competitiveness. Some conceptual provisions of modern regional economic science on the problems of innovative development have been considered. An assessment of innovation activity in the regions of Russia has been carried out, and factors affecting innovation activity have been identified. The paper has developed a factor econometric model of innovations. The dynamics of such indicators as the output of innovative products and the costs of technological innovations have been analyzed. As a result of the study, the influence of expenditures on technological innovations on product output with regard to various time lags has been identified.

KEYWORDS: - innovation activity, modeling, regression analysis, regional development


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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #45, pp. 403-413

Copyright Β© 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0