Economic Analysis: Theory and Practice
 

Institutional aspects of strategies for innovative development

Vol. 17, Iss. 5, MAY 2018

Received: 27 February 2018

Received in revised form: 12 March 2018

Accepted: 22 March 2018

Available online: 29 May 2018

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: О32, О43

Pages: 800-819

https://doi.org/10.24891/ea.17.5.800

Golova I.M. Institute of Economics, Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
irina_golova@mail.ru

ORCID id: not available

Sukhovei A.F. Institute of Economics, Ural Branch of Russian Academy of Sciences, Yekaterinburg, Russian Federation
alla_suhovey@list.ru

ORCID id: not available

Importance To catch up with economically developed countries requires stirring up innovation processes in the Russian Federation and its regions. An important role here belongs to shaping an innovation ecosystem as a modern institutional framework of innovative changes.
Objectives The purpose of the study is to develop a methodological approach to justifying the contours of various types of innovation ecosystems in Russian regions.
Methods In the study, we apply the elements of the foresight technology, rating technique, methods of comparative analysis, economic and statistical methods.
Results We analyzed the specifics of the current stage of the Russian innovation system; identified key factors impeding the development of innovative processes; formulated priorities of the State policy aimed at creating favorable conditions for innovation ecosystem formation. The paper offers a methodological approach to justifying the contours of innovation ecosystem in the region, and a method to select perspective areas of innovation ecosystem formation, taking into account their engineering and manufacturing type.
Conclusions Translating the Russian economy to innovation-based growth requires special attention of the State to innovation ecosystem formation. Its successful function will create favorable conditions for innovative business development and accelerate innovation processes. Using the results of the research in State administration will enable reasonable decisions in formation and realization of strategies for innovative development of Russian regions.

Keywords: priority, innovative development, innovation ecosystem

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