Modeling of Regional Economic Growth in the Conditions of Simulation of Scientific and Technical Revolution (on the example of the Republic of Tatarstan)

Abstract

The issues of the structural organization of productive factors that trigger and intensify the economic dynamics of the regions are quite well worked out in the scientific community today. Without going into a detailed review of derivative approaches that offer modifications to the models discussed above, it must be unequivocally stated that the basic factors of economic dynamics included in the neoclassical production functions are labor, fixed capital, and scientific and technological progress (STP). At the same time, it is important to take into account that when taking into account and including in the models of production functions of scientific and technical progress, it is often understood as the potential for the creation and diffusion of innovations in the economic environment. In this work, scientific and technical progress is understood as a set of human, financial, infrastructural and institutional resources that determine the overall innovative capabilities of the region and the level of its effectiveness in the field of science and technology to solve problems in the field of ensuring the qualitative and structural parameters of economic growth and development, increasing competitiveness in the meso -, macro and global level. Relying on this approach to the definition, as well as on the methodological tools for measuring STP proposed by the authors, the study attempts to construct a Solu production function. Based on the results of the assessments, the relevant parameters of the influence of productive factors on the GRP dynamics were established (on the example of the Republic of Tatarstan), and patterns were identified that prove the priority of scientific and technological progress in shaping the prospects for economic dynamics in the conditions of the fourth industrial revolution.