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Knowledge-Based Engineering as a Driver of Economic Development of the Regions of Russia

Mikhail Yakovlevich Veselovsky, Mikhail Sergeyevich Abrashkin, Dmitry Stanislavovich Vakhrushev, Lyudmila Borisovna Parfenova and Andrey Yuryevich Volkov

European Research Studies Journal, 2017, vol. XX, issue 2B, 66-85

Abstract: The main purpose of this paper is the study of the characteristics and the evaluation of the impact of knowledge-based engineering enterprises on the regional economy, where they act as a main driver, a catalyst for the development of a number of sectors of the economy, by enhancing and strengthening the competitive advantages of other industrial enterprises. The fundamental provisions and papers of the reputable scientists in the field of management of regional innovation systems and knowledge-based enterprises, as well as the authoring constitute the theoretical and methodological basis of this study. The methods of empirical knowledge, the inductive and deductive methods are the basic methods used in this study. The reinterpretation of the importance of the knowledge-based engineering for the development of the regional economies is proposed, the principles of spatial distribution and the factors constraining the development of the enterprises in the industry are identified as a result of the work performed. The characteristics of the knowledge-based engineering in the context of increasing and intensifying crisis states of the economy are defined. The necessity of improvement of the state support instruments aimed at addressing the challenges of sustainable development is substantiated. The guidelines related to the requirement to strengthen the innovation and investment sector and development of the export potential of the knowledge-based engineering enterprises and regions are given. The instruments for the development of the knowledge-based engineering enterprises, allowing to bring the regions on the path of sustainable economic growth, are given.

Keywords: knowledge-based engineering; knowledge-based industry; innovation; regional economy. (search for similar items in EconPapers)
JEL-codes: O18 O31 (search for similar items in EconPapers)
Date: 2017
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