Investment and innovative development of regional economy sectors: Systematization of theoretical approaches and transformation of mechanisms in the context of modern challenges
Subject. Problems related to the strengthening of spatial differentiation, the limitation of investment resources. Objectives. Development of a conceptual model of investment and innovation development of regional economic sectors as a cyclical process of structural transformation. Methods. Tools of system and structural analysis have been applied. Results. A model is proposed that implies the formation of a directed investment impulse, contributing to the structural reorganization of the industry system. It has been established that investments have a transformational impact on the region's economy only in the presence of innovation receptivity and an institutional environment. Conclusions. The developed model can serve as a methodological basis for the development of regional policy focused on structural modernization and increasing the technological complexity of economic systems.
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