FACTORS INFLUENCING THE INNOVATIVE DEVELOPMENT OF THE REGION

Abstract

The level of innovative development of the region is considered in the article, as well as the analysis of regional factors of influence is conducted and the directions of their research within the framework of innovation development is determined. The influence of certain regional factors on the innovative development of the region, in particular, scientists, who are engaged in researches, the industrial specificity of the region, the sectoral structure of the economy, the quality of human capital, scientific potential, financial security, and the attractiveness of the region in terms of life‐support and business‐related preconditions are revealed. In the course of the research, the evaluation of the indicators of the effectiveness of innovation development was carried out and its influence on the region’s economic growth was revealed. Keywords: innovation, innovative development of the region, factors of influence, regional development, economic growth.