Importance The article deals with the issues of functioning of educational institutions within regional innovation development. Objectives The main objective of the study is to provide the results of analysis of the role of universities in the innovative development of the subjects of the Russian Federation. Methods To consider the linkage between parameters of the educational and innovation systems of a region, we used a correlation analysis. Results Using the method of instrumental variables, we prove the positive effect of scientific-educational activity on the innovation development of the region. We found that the growth of quantitative performance indicators of educational institutions leads to enhance the innovation activities in the region. Conclusions and Relevance We conclude that there are many potential channels through which higher education institutions may affect the innovation development of the region. We reaffirm a statistically significant relationship between the activities of scientific and educational organizations and characteristics of regional innovation development. The results of this article can be used when designing and implementing economic strategies and, in particular, the strategies of innovative development of regions of the Russian Federation.
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