Abstract
Effective management of the region’s intellectual capital requires a well defined structure in which all elements are interconnected and regional characteristics are acknowledged. The study aims to develop a mechanism responsible for the intellectual capital of the region. The subject of the study is the intellectual capital of the region. To achieve the aim, the study examines various interpretations of the concept of intellectual capital, with the components of intellectual capital indicated. The influence of intellectual capital on the sustainable development of economic entities is revealed. The study identifies priority areas for supporting the development of regional intellectual capital, such as basic components and components of infrastructure capital. In the Pskov Region, a list of enterprises that form the intellectual capital of the region, which is considered a leading factor in production, is formed. The dynamics of indicators of the components of intellectual capital in the Pskov Region is presented. Theoretical and static methods for processing research data are used. The ambiguity of scientists’ views is revealed through an analysis of their approaches to the formation of the region’s intellectual capital. The authors proposed a mechanism responsible for the intellectual capital of the region in the form of a closed effective interaction of elements of the capital structure, with regional infrastructure playing a significant role. The study focuses on the need to develop innovative approaches to improving intellectual capital. The concepts of intellectual capital and intellectual capital of the region are compared. It is noted that the concept is not unambiguous, since it does not determine how many components of intellectual capital, in addition to the basic ones, should be taken into account. The ambiguity of the concept predetermined differences in the mechanisms responsible for intellectual capital. The mechanism responsible for intellectual capital proposed by the authors clearly shows the interconnection of all its elements, taking into account regional characteristics.
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