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The role of regional development institutions in enhancing the innovation potential of the constituent entities of the Russian Federation

Bondarenko V.V. Financial University under Government of Russian Federation, Penza Branch, Penza, Russian Federation ( bond40@bk.ru )

Chakaev R.R. Ministry of Economic Development of Penza Oblast, Penza, Russian Federation ( chakaev@econompenza.ru )

Leskina O.N. Financial University under Government of Russian Federation, Penza Branch, Penza, Russian Federation ( ONLeskina@fa.ru )

Tanina M.A. Financial University under Government of Russian Federation, Penza Branch, Penza, Russian Federation ( margo10@inbox.ru )

Yudina V.A. Financial University under Government of Russian Federation, Penza Branch, Penza, Russian Federation ( veraluzgina@yandex.ru )

Kharitonova T.V. Financial University under Government of Russian Federation, Penza Branch, Penza, Russian Federation ( haritonova_t79@mail.ru )

Journal: Regional Economics: Theory and Pactice, #1, 2018

Subject The article considers the system of regional development institutions in terms of its influence on the level of innovation growth of the region. The article assesses the currently operating regional development institutions of the five regions of the Volga Federal District.
Objectives The article aims to determine the interdependence of the quantitative composition of the existing regional development institutions and the level of the Regional Innovation Index achieved.
Methods For the study, we used the methods of structural and functional, economics and statistics, correlation and regression analyses, etc.
Results Clarifying the concept of development institutions, the article presents a developed regional classification taking into account the key directions of their activities. The regional development institutions of the Republic of Tatarstan, Penza, Samara, Saratov oblasts and the Udmurt Republic have been considered and grouped by direction of activities.
Conclusions and Relevance Regional development institutions are an important instrument of regional policy. They have a significant impact on the level of innovation improvement of the region. The results of the research can be useful in shaping the strategy of innovative development of the subjects of the Russian Federation.


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