Skip to main content

Innovation and Investment Potential of Regions as a Vector for Their Development in the 21st Century

  • Conference paper
  • First Online:
The 21st Century from the Positions of Modern Science: Intellectual, Digital and Innovative Aspects (ISC 2019)

Abstract

The activation of innovation and investment initiatives is a necessary condition for stable functioning and progressive development of the country’s economy. The paper discusses a new methodology for assessing the innovation and investment potential of municipalities in the region. This approach uses the analysis of statistical indicators in five groups: production and finance, labor, infrastructure, investment, social sphere. The main stages of methodology: to identify indicators that characterize the innovation and investment potential; determine the indicator’s value for each municipality; to assess a complex indicator of the territory’s potential; compare the complex indicator with data base, which uses the average indicators of the region.

The paper considers the structure of the complex indicator proposed for assessing innovative and investment potential of the territories. Due to the polarization of social and economic space of the region, it is of vital importance to classify municipal formations according to the type of pursued social and economic policy and the prerequisites for innovative development.

It is necessary to use the analysis of innovative and investment potential in the activities of municipal authorities since it allows: to assess the state and readiness of municipalities for innovative reforms; to identify advantages and disadvantages, to forecast the main development trends; to prepare recommendations for the formation of an innovation and investment development strategy.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Sylvie, D.: Infrastructure development and economic growth: an explanation for regional disparities in China. J. Comp. Econ. 29, 95–117 (2001)

    Article  Google Scholar 

  • Doloreux, D.: What we should know about regional systems of innovation. Technol. Soc. 24(3), 243–263 (2002)

    Article  Google Scholar 

  • Gurban, I., Sudakova, A.: An assessment methodology for the development of higher education in Russia. Mediterr. J. Soc. Sci. 6(5), 197–210 (2015)

    Google Scholar 

  • Kelejian, H., Robinson, D.: Infrastructure productivity estimations and its underlying economic specifications: a sensitivity analysis. Pap. Reg. Sci. 76, 115–131 (1997)

    Article  Google Scholar 

  • Kolmakova, Ek.M.: Potential and limitations of the spatial-investment-innovation model of the region’s growth. Bull. Chelyabinsk State Univ. 21(350) (2014). Economics (47), 82–86

    Google Scholar 

  • Kumar, A., Gray, D., Hoskote, M., von Klaudy, S., Ruster, J.: Mobilizing Domestic Capital Markets for Infrastructure Financing: International Experience and Lessons for China. World Bank Discussion. World Bank, 377, Washington, DC (1997)

    Book  Google Scholar 

  • Munnell, A.: Policy watch: infrastructure investment and economic growth. J. Econ. Perspect. 6, 189–198 (1992)

    Article  Google Scholar 

  • Pykhov, P.A., Kashina, T.O.: Infrastructural security of the UrFD regions: assessment methodology and diagnostic results. Econ. Reg. 3, 66–77 (2015)

    Google Scholar 

  • Shindina, T.A., Kolmakova, Ek.M., Vlasova, G.A., Orlova, N.A., Kolmakova, I.D.: Labour and social relations as the economical category and the efficiency of the regional system of labour and social relations (on the example of the constituent parts of ural federal okrug of Russian Federation). J. Appl. Econ. Sci. XI(4(42)), 781–784 (2016)

    Google Scholar 

  • Vasilieva, E.V., Kuklin, A.A., Lykov, I.A.: Program of complex diagnostics of the quality of life in the region. Functional characteristics and possibilities of its application. In: Living Standards of the Population of Russian Regions, no. 1, pp. 118–123 (2014)

    Google Scholar 

Download references

Acknowledgments

The work was supported by Act 211 Government of the Russian Federation, contract No. 02.A03.21.0011.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Evgenia M. Kolmakova .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Kolmakova, E.M., Kolmakova, E.M., Kolmakova, I.D. (2020). Innovation and Investment Potential of Regions as a Vector for Their Development in the 21st Century. In: Popkova, E., Sergi, B. (eds) The 21st Century from the Positions of Modern Science: Intellectual, Digital and Innovative Aspects. ISC 2019. Lecture Notes in Networks and Systems, vol 91. Springer, Cham. https://doi.org/10.1007/978-3-030-32015-7_60

Download citation

Publish with us

Policies and ethics