Regional development as an innovative and investment process of institutional management

Matveev Yu.V.1, Stepanova T.E.2, Matveev K.Yu.
1 Самарский государственный экономический университет
2 Калининградский государственный технический университет

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Journal paper

Creative Economy (РИНЦ, ВАК)
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Volume 11, Number 5 (May 2017)

Citation:

Matveev, Y. V., Stepanova, T. E., & Matveev, K. Y. (2017). Regional development as an innovative and investment process of institutional management. Creative Economy, 11(5), 637-658. https://doi.org/10.18334/ce.11.5.37861

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=29297531
Cited: 11 by 07.12.2023

Abstract:
The article reveals the nature of the regional development and its content as a reproductive process, which stipulates the necessity of institutional management. The authors think that the regional development is a multidimensional process that changes the social structure of the region, human behavior, and social institutions. It also accelerates economic growth and reduces inequality and unemployment. The paper studies dialectical correlation between institutions and economic development in the view of the concept of national innovation systems, which allows supplementing the structure of the innovation system with the investment subsystem. We offer to form and to develop regional innovation and investment system as an integral part of NIC. We defined the legal framework for regulating formal and informal institutions of intellectual property as the main institutional factor that impede the innovation and investment process in the country. We also defined the main directions for creating the effective institutes, which promote economic development.

Keywords: innovations, investments, regional development, institute, dichotomy, economic development conditions, national and regional innovation and investment system, efficiency of institutions

JEL-classification: E22, O30, R58

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References:

Auzan A., Kryuchkova P. (2001). Administrativnye barery v ekonomike: zadachi deblokirovaniya [Administrative barriers to the economy: unblocking tasks]. Voprosy Ekonomiki. (5). 77. (in Russian).
Balatskiy E., Lapin V. (2004). Innovatsionnyy sektor promyshlennosti [Innovative sector of industry]. Ekonomist. (1). 29-30. (in Russian).

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