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On the necessity for the region's innovative development in post-crisis environment

Kondrat'eva M.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( mnk@ulstu.ru )

Rogova T.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( t.rogova@ulstu.ru )

Journal: Regional Economics: Theory and Pactice, #7, 2017

Importance The article discusses the innovation of economic entities, which is clearly an important condition for change.
Objectives The purpose of this article is to describe the position of the Ulyanovsk oblast in the social and economic space of the Russian Federation and provide the rationale for the innovative development of the oblast to ensure a long-term and sustained economic growth.
Methods For the study, we used a dialectical approach, methods of comparison, analysis and synthesis, inductive and deductive methods, and other theoretical methods.
Results We propose a model of regional innovative development, involving the joint interaction of the Triple Helix actors (University-Industry-Government relationships) needed to generate innovative products and technologies. We have identified the position of the Ulyanovsk oblast among the constituent entities of the Russian Federation and provide an overview of the oblast's innovative development projects. The paper shows the constraints to innovation of economic agents.
Conclusions The article reaffirms the need to innovate and move towards a knowledge-based economy that emphasizes human intelligence, professionalism and competence, as well as the widespread use of information technology.


The concept of shared values in economics

Rogova T.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( t.rogova@ulstu.ru )

Journal: Economic Analysis: Theory and Practice, #4, 2016

Importance The use of the shared values concept, implying the interaction of business and society at the regional economy level contributes to its transition from the industry-oriented scenario of development to the innovative one.
Objectives The aim of the study is to provide a rationale for applying the concept of shared values in the regional socio-economic system.
Methods The study employs methods of comparative analysis and synthesis and a systems approach. They enabled to develop a modified model of formation and distribution of enterprise's profit and a model of the system's development.
Results Based on the findings, I offer two models: a model of enterprise's profit formation and distribution from the point of view of the shared values concept that includes a social component; and a model of the regional socio-economic system's development that implies the use of the mechanism of collaboration to ensure a coordinated interaction of all institutions of the market economy to solve social problems.
Conclusions and Relevance There is a need for transforming the traditional understanding of the formation and distribution of profit of the entrepreneur. The application of the concept of shared values will help effectively allocate resources, taking into account consumer preferences and needs. At the level of the regional economy, it is required to actively implement the elements of cooperation and interaction between various institutions.


The creation and development of the Regional Innovation System

Rogova T.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( t.rogova@ulstu.ru )

Journal: National interests: priorities and security, #10, 2017

Importance Innovative development is one of the strategic goals of any region. Attaining this goal requires to set up a regional innovation system (RIS), which would boost the innovative activity of economic agents and have a positive effect on the place competitiveness.
Objectives The research provides the rationale for the RIS as part of the national innovation system (NIS) and, respectively, its key elements, such as innovative infrastructure, competitive environment in the market, innovative policy.
Methods The research involves general methods of research, systems approach, macroeconomic analysis, synthesis, induction, deduction, comparative analysis. The research also draws upon the general theory of systems that views the RIS as a NIS constituent, and aspects of an institutional analysis.
Results The article ranks Russia by innovative activity level, determines trends in scientific capabilities of the Ulyanovsk oblast and maps out the formation of the regional innovation system, which implies the institution for development of innovative economy as the single coordinating and transacting center for all innovation-driven parties.
Conclusions and Relevance RIS shall be further promoted and improved for socio?economic development of the region and its competitiveness growth. Furthermore, it is necessary to prioritize the formation of scientific capabilities as the basis for the innovative economy.


Comparative evaluation and determination of the economic potential of the region

Kondrat'eva M.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( mnk@ulstu.ru )

Rogova T.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( t.rogova@ulstu.ru )

Balandina E.V. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( kattyten@mail.ru )

Journal: Regional Economics: Theory and Pactice, #2, 2017

Importance The economic potential of a region is a decisive criterion in choosing investment locations. The article highlights the importance of analyzing and evaluating the economic potential of the region to determine the prospects for development of the territory.
Objectives The article seeks to define the entity, role, and value of the economic potential of the Ulyanovsk oblast, and assess it to identify economic growth problems and reserves, and chart the development of the region.
Methods For the study, we used a cluster analysis.
Results We offer our own technique of determining the ranking of regions by level of economic potential use, and rating of the Volga Federal District regions. Cluster analysis allowed us to classify the regions by level of economic potential use as leaders, followers, overtaking, and lagging regions. As well, we offer our own definition of the economic capacity's entity, reflecting the probabilistic and resource-reproductive character. According to the results of rating, the Ulyanovsk oblast takes the 11th position out of 14 possible ones. We stress the necessity to improve the regional economic policy, and we identified its main focus.
Conclusions We found that the Ulyanovsk oblast has a good development potential, however it does not use fully the advantages of investment, economic, labor, and financial factors. Innovative and market components of the regional capacity can be called as perspective ones.


The interrelation of clusterization and economic growth of a region

Kondrat'eva M.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( mnk@ulstu.ru )

Rogova T.N. Ulyanovsk State Technical University, Ulyanovsk, Russian Federation ( t.rogova@ulstu.ru )

Journal: Economic Analysis: Theory and Practice, #32, 2015

Importance Structural changes in the regional economy require new approaches to achieve economic growth. Regional authorities solve this problem by using a cluster approach to enhance the territorial development and competitive ability of the economy as a whole. Clustering the economy enables to achieve a number of competitive advantages, like cost reduction, formation of effective value chains, implementation of human capital and social projects etc.
     Objectives The study aims to establish the role and importance of clusters in the regional economic system (using a case study of the Ulyanovsk oblast).
     Methods In the work, we used the methods of theoretical knowledge, systems analysis, synthesis, and abstraction to reveal the nature of a cluster and its impact on the economic growth.
     Results We have calculated the impact of labor productivity and population size on Gross Regional Product, defined the nature of the cluster, its functions, strengths and weaknesses as applied to Russian business practice, highlighted main challenges, goals and objectives of the regional economic policy. The calculations revealed the behavior of GRP growth rates and GRP per capita. The integral method helped determine the influence of labor productivity on the gross regional product. The paper identifies major priorities of economic development of the region.
     Conclusions and Relevance We conclude that there is an interrelation between the creation of regional clusters and the economic growth. It is required to maximize the advantages of clusters to handle the vital problems of regional economy.


The innovative potential of the Ulyanovsk region as an investee

Rogova T.N. Ulyanovsk State Technical University, Ulyanovsk, Ulyanovsk region, Russian Federation ( t.rogova@ulstu.ru )

Journal: National interests: priorities and security, #23, 2015

Importance The competitiveness of the regional economy depends on its innovative potential. The Russian regions and the country as a whole should increment and strengthen their innovative potential. However, it is rather complicated to reach leading positions among the competing regions without injecting relevant finance. Currently, innovative activities are an indispensable condition for investment. Investment in science-based sectors of the economy contributes to the region's development in the long run.
     Objectives The research pursues determining the main areas for increasing innovative and investing activities in the Ulyanovsk region. As its tasks, the research determines and compares the innovative potential and innovative activities of the regions located in the Volga Federal District, assesses the pace of growth in investment in the economy of the Ulyanovsk region, finds the correlation between investment in the capital stock and internal costs of R&D in the region, identifies the extent to which human innovative thinking, as part of professional activities, is significant for successful operations of entities.
     Methods Based on the ranking method, the article reviews various elements of the regions' innovative potential, determines their innovative activity. Drawing upon the regression analysis, I propose a single-factor model reflecting the correlation of R&D costs and investment.
     Results I figure out ranks and positions of the regions in terms of their innovative potential, identify the pace of growth in investment in the region's capital, propose a scheme for financing the innovative activity and measures to boost the investment activity in the Ulyanovsk region.
     Conclusions and Relevance I conclude on the correlation of investment and innovation, significance of innovative thinking of managers and employees, as well as the need to combine the basic and competitive financing of innovative activities in the region's universities.


Shadow economy in local markets for land: collapse or property reform's prospects

Rogova M.V. V.B. Sochava Institute of Geography, Siberian Branch of Russian Academy of Sciences, Irkutsk, Russian Federation ( traveller-irk@ya.ru )

Journal: Regional Economics: Theory and Pactice, #20, 2014

The article reveals specifics and features of land markets at a municipal level, existing due to the property and local self-government reforms being carried out. The research conclusions are important to forecast the rural communities' development in the Baikal region. The author considers the land worth household and family business and plots' high price incomparable with the life and income standards of population of the rural communities.


Mortgage in the land market of the Baikal region: growth and stagnation trends

Rogova M.V. V.B. Sochava Institute of Geography, Siberian Branch of Russian Academy of Sciences, Irkutsk, Russian Federation ( traveller-irk@ya.ru )

Journal: Digest Finance, #4, 2016

Importance As observed in the land market, sale and purchase contracts for mortgage has become one of the most popular forms of agreement. The article contains evidence from mortgage deals in the Baikal region.
Objectives The research pursues describing how the population actually depends on bank loans.
Methods Rosreestr data on sale and purchase deals appear to be rather meaningful information to forecast and evaluate the socio-economic situation. When financial institutions use mortgage lending growth indices to conceal the refinancing of older loans, it is instrumental to count Rosreestr data on the deals for the current year and generate plausible statistics.
Results Collected for the five-year period and presented as charts and tables, the data demonstrate a stable substitution of mortgage-free deals with sale and purchase deals with the mortgage commitments. Mortgage-free deals have ceased to be registered in most areas mentioned for the recent three years.
Conclusions and Relevance Comparing results of regional researches with the national ones, I obtained illustrative information on a growth in mortgage loan agreements for recent years. However, this conclusion is not a positive aspect of the mortgaged land market. The outcomes may prove useful for researches into economic and social phenomena as baseline data to prepare sociological surveys, and for practical purposes.


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