Abstract
Effective innovative systems testify to the success of regional economic policies. Based on the neoclassical approach novel approach towards evalution of regional innovation system functioning is suggested. In this study, the performance indicators of innovative systems in the regions of Kazakhstan are calculated using the non-parametric Data Envelopment Analysis (DEA) method for a convex model, with constant and variable effects of scale, focused on maximum outputs and minimum resource costs. The obtained results will facilitate providing recommendations for improving economic policy for the purposes of more efficient use of resources in regional innovation activities.
Highlights
Innovation is a basis of any modern economy and in any country including the development of innovative ideas, the creation of innovative technologies, launching of innovative products and services
Despite the fact that according to the data of the Kazakhstan Statistics Agency, the GDP forthe last 8 years has increased 2.4 times since 2010 and 2017, and the growth in the volume of innovative products produced is almost 6 times %), the share of innovative products in the total volume of GDP has changed slightly from 0.65% to 1.59%. This level of growth is not sufficient to achieve the goal set by the President of Kazakhstan: to enter in the top 50 countries with developed economies
The purpose of the research is to determine the level of regional innovation development, evaluation the effectiveness of existing regional innovation systems and provide recommendations for improving economic policy for the purposes of optimal use of resources in regional innovation activities
Summary
Innovation is a basis of any modern economy and in any country including the development of innovative ideas, the creation of innovative technologies, launching of innovative products and services. Despite the fact that according to the data of the Kazakhstan Statistics Agency, the GDP forthe last 8 years has increased 2.4 times since 2010 and 2017 (or 243.41%), and the growth in the volume of innovative products produced is almost 6 times (or 594.19) %), the share of innovative products in the total volume of GDP has changed slightly from 0.65% to 1.59%. This level of growth is not sufficient to achieve the goal set by the President of Kazakhstan: to enter in the top 50 countries with developed economies. The innovation of the region is the ability of the entire regional environment to adapt changes, as well as the presence of internal drivers of self-renewal of business processes and the generation of scientific and technical knowledge
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