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ECO journal (ECOnomics and industrial Engineering)

2019 year, number 2

Regional Innovation System as an Instrument of Advanced Social-Economic Development of the Russian Far East

V. F. Efremenko
The Russian Presidential Academy of National Economy and Public Administration, Khabarovsk
Keywords: экономический рост, воспроизводство, региональная инновационная система, Дальний Восток России, Economic growth, reproduction, regional innovation system, the Far East of Russia

Abstract

Forward growth of gross regional product in the Far East macro-region does not lead to adequate improvement of socio-demographic indicators in terms of sustainable development. The increase of value-added production mainly comes from commodity-producing industries rather than high-tech manufacturing. There is a significant imbalance in the dynamics of the reproductive sector development: from innovative - investment, consumer or infrastructure towards raw materials and energy. Commodity industry is the principal recipient of investment but it fails to create additional jobs. This, in the long run, undermines implementation of government plans for stable and growing population. The current social and economic policies may not produce expected results. The paper argues for necessary development of an innovative sector of the economy in the macro- region. The proposal is transition to a modern version of the State regional policy of polarized development - the concept of regional innovation system as a method to solve the problem. An efficiency assessment is made of its practical application in the Far East region. The proposed institutional changes will improve the socio- economic situation and start transition to a modern innovative type of reproduction in the macro-region.