Theoretical basis of coordination of interests in innovative industrial policy regions of the Russian Arctic

V. S. Selin (), I. V. Selin () and V. A. Tsukerman ()

Russian Journal of Industrial Economics, 2015, issue 3

Abstract: The article discusses the concept and theoretical basis of innovation policy, in the first place at the regional level. It is shown that in the industrial complex of the Russian Arctic, this process is determined by the specific conditions, the resource-based production and its scale determining the complex and contradictory interaction between state, regions and corporations. It requires constant and deeply grounded interaction of interests, eliminating, or at least timely smoothing the objective contradictions and subjective conflicts. It should be borne in mind that the innovation expenditures of managing subjects many times exceed the budget money. It is noted that Arctic regions are exceptionally heterogeneous both in natural resources, and the level of the development, but they have one characteristic feature – the complex climatic conditions determining the increased costs of their development, which under market conditions can be secured only through natural rent, of course, except in cases of non-economic relations, for example, when the state finances the development for political or defense purposes. However, in reality they all are very closely intertwined. and for all the innovation factors are crucial. It is proved that under the conditions of limited resources and the conflicting interests the main elements of the mechanism of industrial innovation policy is target-oriented approach and the public-private partnership. In the modern theory  and practice the basis of such partnership presents the contract concluded between the authorities and one or more private companies to combine resources on the long-term and mutually beneficial basis.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2015:id:444

DOI: 10.17073/2072-1633-2015-3-47-53

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