Regional Economics: Theory and Practice

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Human potential as a factor in the innovative development of the region: Evidence from the Volga Federal District

Vol. 17, Iss. 9, SEPTEMBER 2019

Received: 23 May 2019

Received in revised form: 27 June 2019

Accepted: 8 August 2019

Available online: 16 September 2019


JEL Classification: J24, O15, O47

Pages: 1737–1753

Yanchenko E.V. Yuri Gagarin State Technical University of Saratov (SSTU), Saratov, Russian Federation

Subject This article considers human potential as a factor of innovative development of the region and a source of economic growth.
Objectives The article aims to summarize the theoretical and methodological framework for the study of human development in the context of innovative development, quantify the relationship between the level and quality of human potential and regional innovative development indicators, and rank the regions of the Volga Federal District according to this criterion.
Methods For the study, I used induction and deduction, abstraction, and the methods of index numbers and correlation and regression analysis.
Results The article presents data on the reduction of human potential of the regions of the Volga Federal District on various structural components. The article identifies top regions and bottom regions, and offers mathematical expressions of functional dependencies of the resulting indicators and the most significant factors of influence.
Conclusions Demographic and economic factors are the main factors of regional differentiation of human potential. These factors are a source of economic growth in the region, including innovation, which should be taken into account when developing regional economic policies.

Keywords: human potential, innovative development, human resources


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