Modeling Response to Innovations in Industrialized Regions: The Russian Experience

Victoria V. Akberdina, Anatoly V. Grebenkin and Oleg M. Barbakov
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Victoria V. Akberdina: Department of Regional Industrial Policy and Economic Security, Institute of Economics of the Ural Branch of the Russian Academy of Sciences; chair Theory of Management and Innovation , Ural Federal University, Ekaterinburg, Russian Federation
Anatoly V. Grebenkin: Department of Regional Industrial Policy and Economic Security, Institute of Economics of the Ural Branch of the Russian Academy of Sciences; chair Theory of Management and Innovation , Ural Federal University, Ekaterinburg, Russian Federation
Oleg M. Barbakov: Chair Business Informatics and Mathematics , Tyumen State Oil and Gas University, Tyumen, Russian Federation.

International Journal of Economics and Financial Issues, 2015, vol. 5, issue 4, 910-921

Abstract: The objective of the paper is to provide a rationale for mathematical models that describe a response to innovations (response to innovations) across industrialized regions of Russia. The paper gives an advanced analysis of trends in a development of industrialized regions. Based on the mentioned analysis, the authors have put forward and tested a number of hypotheses. There are the hypothesis for an unbalanced economic development in industrialized regions of various types, the hypothesis for development distinction, inherent to industrialized regions of certain types, the hypothesis for a catalytic role of the government in the innovation dynamics and the hypothesis for the available response to innovations in the economic system. The authors have proposed a methodology for the response to innovations, proved conditions, under which the response appears in the economic system, grounded types of the response to innovations. The authors have also presented mathematical formalization for mechanism for the response to innovations in the regional production system. In an action-oriented section of this paper, the authors have explored the response to innovations in industrialized regions of Russia. The findings given in the paper can be used to justify mechanisms of the regional industrial policy, as well as evaluate a regulatory impact of valid regulatory legal acts.

Keywords: Response to Innovations; Industrialized Regions; Functional Industrial Policy; Government Support Measures (search for similar items in EconPapers)
JEL-codes: C13 C33 C51 (search for similar items in EconPapers)
Date: 2015
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