Abstract
Considering innovations as a key factor of economic growth, in this paper we identify main instruments stimulating innovative activity in Russian regions. Since the number of potential factors of enterprises innovative activity and respective hypotheses is large, the process of model selection becomes a crucial part of the empirical implementation. A new efficient solution to this problem is suggested, applying optimization heuristics. The model selection is based on information criteria and the Sargan test within the framework of a log-linear panel data model.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
