CONCEPTUAL AND THEORETICAL BASIS OF REGIONAL INNOVATION POLICY

Abstract

The evolutionary changes of the paradigms of the economic development of the region are investigated in the context of theories: neo-classical and theory of regional economic development, Keynesian theory, theory of monetarism, theory of economic rationalism, theories of comparative, competitive and common advantages, theories of globalization, sustainable development, selfdevelopment and endogenous development, new theory of growth. The role of innovations in the analyzed paradigmatic shifts, as well as the essence of regional innovation policy are determined. The analysis of the evolution of the paradigms of regional economic development revealed the following qualitative changes: the expansion of the production function with such variables as technology, training, entrepreneurship; Attribution to the factors of regional development, along with economic factors, as well as social, cultural and institutional factors; The characteristic of the development of the economy by its ability to generate innovation; Transformation of technologies, science and innovations into development catalysts in a new era of industry; Inclusion of social and environmental components into the strategic planning of economic development, the emergence of an integrated strategic planning of regional development; Moving the focus of regional strategic planning towards competitive advantages based on less intrusive factors such as efficiency, productivity, quality indicators; Transformation of comparative and competitive advantages towards common advantages that stimulate enterprises and regions to collaborate and innovate; Giving the state the role of companion and entrepreneur in regional economic development; The development of local innovative ecosystems on the basis of endogenous factors and with the preservation of its global orientation (the process of glocalization); Defining a human-oriented strategy of state development as the basis of an innovative society, which respects human rights and freedoms, and decent living conditions for people are the goal of development.