Golovko M.V.Volgodonsk Engineering and Technical Institute, Branch of National Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Volgodonsk, Rostov–on–Don Oblast, Russia Federation MVGolovko@mephi.ru
Tsuverkalova O.F.Volgodonsk Engineering and Technical Institute, Branch of National Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Volgodonsk, Rostov–on–Don Oblast, Russia Federation OFTsuverkalova@mephi.ru
Ryabtsun V.V.Technological Institute, Branch of National Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Lesnoy, Sverdlovsk Oblast, Russia Federation VVRyabtsun@mephi.ru
Importance The article examines innovative growth drivers of regions in the Russian Federation. Objectives Based on statistical data, we attempted to determine innovative growth drivers of regional industrial sectors and subsequently steer sustainable development of economy in the regions of the Russian Federation. Methods The research relies upon methods of factor analysis using Statsoft’s STATISTICA software. The conclusions were verified using a combination of economic and mathematical methods that allowed for their increased reliability. Calculus is based on data of the Federal State Statistics Service of the Russian Federation and findings of focus groups of the regional business community. Results We analyzed theoretical aspects reflecting what role innovation played in the development of industrial sectors and the State. We found some prevailing factors that dictated the level of innovative development of industrial sectors and regions. Relying upon the selected factors, we set a regression model. Results of focus groups and survey of representatives of regional industrial sectors demonstrate that innovative development of processing enterprises is strongly influenced by factors of economic uncertainty, shortage of financial resources and insufficient demand for innovative products in the domestic and external markets. Regional breakdown of researches shows that finance and human resources play a significant role in the region’s innovative development. Conclusions and Relevance We substantiated innovative growth drivers of regional industrial sectors. They can be regarded to outline priority areas where active support of the State is needed in terms of industrial and economic policies.
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