Abstract

Innovative development of territories is strategically important for the prosperity of any country. This article aims at describing original methodology for comprehensive assessment of innovative development of Russian regions. The proposed model takes into account specific features of innovative activity of regions and identifies growth potential and resources of territories, taking into account not only the innovation environment, but also areas of innovative activity. The study relies on the statistical data provided by the Central Statistical Database and the Unified Interdepartmental Information and Statistical System. In the course of processing and analyzing data, the index method, the multidimensional average method, factor-index analysis and other statistical data processing methods are used. The research involves ranking Russian regions according to their levels of innovative development and further dividing them into groups of powerful, strong, medium and weak innovators. We also analyzed the dynamics of innovation in the regions by looking at the changes in their ranking positions. The research findings brought to light the uneven development of Russian regions. The proposed assessment toolkit can be further used for drawing individual profiles for regions and formulating recommendations and guidelines for these regionsā€™ development by taking into consideration their strengths and weaknesses.The results of this study have theoretical and practical significance and can be used as a tool for management of innovative activities both at the level of individual territories and at the national level.

Highlights

  • Innovation is an important indicator of regional development and development of the country as a whole

  • The assessment method we propose is a multifunctional tool that has several levels of possible practical results. This method allows us to form a ranking of Russian regions by the value of the integral index of innovative development (ID index)

  • We were trying to address the problem of the lack of a generally accepted conceptual and terminological apparatus for studying innovation as well as a toolkit for a comprehensive assessment of innovative development

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Summary

Introduction

Innovation is an important indicator of regional development and development of the country as a whole. Innovative development is understood as the process of continuous development of science, technology, methods of production, technological processes as well as the creation of conditions to stimulate innovation. Innovative development is a complex process which has two main objectives: to realize innovative projects (sustainable innovative activity) and to develop innovative potential. Innovative activity comprises a complex system of interconnected elements and there is a perceived lack of comprehensive methodologies for assessing innovative activity since the vast majority of the existing tools focus only on individual aspects. Our research is aimed at designing a tool for integrated assessment and analysis of innovative development in Russian regions by taking into account the shortcomings of the existing assessment methods

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