THE IMPACT OF INNOVATIVE DEVELOPMENT ON THE ECONOMY OF THE NOVOSIBIRSK REGION
Alexsander A. Vandakurov
Novosibirsk State University of Economics and Management, Novosibirsk, Russian Federation
Keywords: innovation, the welfare of the region, the effectiveness of innovation
Abstract
The innovative development of the Novosibirsk region is one of the directions of the region’s development, ensuring its competitiveness at the national and global levels. Continuous improvement of the field of innovation is considered as a necessary condition for ensuring the growth of the economic well-being of the region. This article examines the statistical indicators of investment activity in the region and their relationship with the indicator of economic well-being. Determining the dynamics of development in the sphere of innovation and identifying its connection with the level of economic well-being using the example of the Novosibirsk region is the purpose of the study. The study and analysis of literature, the method of generalization, observation and econometric modeling allowed us to identify trends in changes in the innovation sphere indicators and their connection with the gross regional product per capita in the Novosibirsk region for the period 2000-2022. The adoption of the innovative development strategy of the Novosibirsk region had a weak impact on the dynamics of innovation indicators. Changes in indicators affect changes in well-being with a long-time delay of 11-16 years.
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