The Innovation Component in Regional Policy
Abstract views: 135
/ 
PDF downloads: 88
DOI:
https://doi.org/10.31039/ejohe.2021.2.19Keywords:
development, innovative component, innovation policy, regionsAbstract
The paper analyses the impact of innovations on stimulating regional development. The main goal is to identify the effect of innovations on reducing the asymmetry of regional development. The study the innovative concepts emphasize the importance of understanding the link between innovations and their implementation via the regional policy mechanism. The utilization of the existing approach results suggests its use of innovative component of regional policy for stimulating equalization GRP per capita in regions and smoothing disproportions.
We test the following hypothesis: the level of development of the region significantly depends on the innovation component. We assess a research model of hierarchical cluster analysis. The innovative component affects decreasing asymmetry in regional development. The proposed model offers a comprehensive set of alternative methods stimulating value creation in regions.
Stimulating spending in the innovation sphere will contribute to the growth of employment, rise income per capita, increase the competitiveness, tax revenues, and promote infrastructure development.
The proposed regional policy includes tax regulation, innovation policy, limited subsidies, and tax allowances, the top-priority investment in R&D, education, informational network.
References
Aghion, P., Harris, C., Howitt, P. (2001). “Competition, Imitation and Growth with Step-by-Step Innovation”, Review of Economic Studies, Vol. 68, issue 3, pp. 467-492.
Antonelli, C. (2017). Endogenous Innovation. The Economics of an Emergent System Property. Edward Elgar Publishing.
Asheim, B., Ougton, C., Smith, H., L. (2011). Regional Innovation Systems^ Theory, Empirics and Policy. Regional Studies, 45(7), July, 875-891.
Barjak, F. (2001). “Regional Disparities in Transition Economies: a Typology for East Germany and Poland,” Post-Communist Economies, Vol. 13, Issue 3, September, pp.289 - 311.
Bogliacino, F., Lucchesse, M., Nascia, L, Pianta, M. (2016). “Modeling the Virtuous Circle of Innovation. A Test on Italian Firms”, Industrial and Corporate Change, 26 (3).
Capello, R., Fratesi, U., Resmini, L. (2011). Globalization and Regional Growth: Past Trends and Future Scenarios, Springer-Verlag Berlin Heideberg.
Chai, A. & Baum, C.M. (Eds.). (2019). Demand Complexity and Long-Run Evolution: Springer. Nature Switzerland A.G Almudi, I., Fatas-Villafranco, F. Innovation, Structural Change and Multisectoral Economic Growth. pp. 171-189.
Chaminade, C., Lundvall, B-A., Shagufta, H. (2018). Advanced Introduction to National Innovation Systems, Edward Elgar Publishing.
Edler, J., Cunningham, P., Gok, A. (2016). Handbook of Innovation Policy, Edward Elgar Publishing.
Edler, J., Fagerberg, J. (2017). Innovation Policy: What, Why, and How, Oxford Review of Economic Policy, Volume 33, Issue 1: pp. 2-23.
Electronic Yearbook on Statistics of R&D and Innovation (2017). Retrieved from http://www.ukrstat.gov.ua/druk/publicat/kat_u/2018/zb/11/zb_seu2017_e.pdf. [Accessed 2018]
Eriksson, A., Carniels., M., Cooke., P., Wallin., J. (2010). Regional Innovation Policy in Transition. Reflections on the Change Process in the Skåne Region. VINNOVA - Swedish Governmental Agency for Innovation Systems / Verket för Innovations system. July.
Fagerberg, J. (2018). Innovation, Economic Development and Policy: Selected Essays. Edward Elgar Publishing.
Gonzales-Lopez, M., Asheim, B. (2020). Regions and Innovation Policies in Europe, Edward Elgar Publishing.
Granstrand, O. (2018). Patents and Innovation for Growth and Welfare. IP Policy issues for Europe, Edward Elgar Publishing. June.
Gust-Bardon, N.I. (2021). Regional Development in the Context of an Innovation Process. Working Papers Firms and Region No. R5/2012, Fraunhofer Institute for Systems and Innovation Research ISI.
Huggins, R., Thompson, P. (2015). Entrepreneurship, innovation and regional growth: a network theory. Small Bus Econ. 45, 103-128. Retrieved from https://doi.org/10.1007/s11187-015-9643-3
Institute for Economic Research and Policy Consulting. (2013). Survey, Kyiv. 22 p.
Kingston, W. (2017). How Capitalism Destroyed Itself: Technology Displaced by Financial Innovation, 21 March, Edward Elgar Publishing.
Metcalfe, S. J. & Ramlogan, R. (2006). “Adaptive Economic Growth”, Cambridge Journal of Economics, 30(1), February. pp. 7 -32.
Murtagh, F., Legendre, P. (2011). Ward’s Hierarchical Clustering Method: Clustering Criterion and Agglomerative Algorithm. December. 20 p. Retrieved from https://www.researchgate.net
Nosova, O.V. (2017) The Effects of Industrial Policy on Regional Development in Ukraine, Zarz?dzanie Publiczne, Nr 4(42). pp. 90 – 101.
Nosova, O.V. (2017). The Impact of Globalization on Financial Institutions’ Development, Europa Regionum. Tom XXX. Household Finance. Uniwersytet Szezecinski, ? 1. pp. 99 -119.
OECD Global Economic Outlook. (2013). November. Retrieved from https://www.oecd.org/economy/oecd-global-economic-outlook.htm [Accessed 2013]
OECD Compendium of Enterprise Statistics in Ukraine 2018. (2018). OECD EURASIA Competitiveness Programme. Retrieved from https://www.oecd.org/eurasia/competitiveness-programme/eastern-partners/Compendium-Entreprise-Statistics-Ukraine-2018-EN.pdf [Accessed 2018]
Polverari, L. (2018). Innovation as a Regional Development Driver: Necessary Shift or PolicyMisdirection? European Policy Research Paper, No. 102, University of Strathclyde Publishing, April.
Pyka, A., Kudic, M., Muller, M. (2019). Systemic Interventions in Regional Innovation Systems: Entrepreneurship, Knowledge and accumulation and Regional Innovation, Regional Studies. Volume 53, Issue 9, Vol. 53, doi.org/10.1080/00343404.2019.1566702
Scientific and Innovative Activity of Ukraine. (2018). State Statistics Service of Ukraine. Statistical Collection. Kyiv.
Sukhanova, A. (2015). “The Model of a Regional Innovation System: National and Foreign Approaches”, Bulletin of the Perm University, Economy, Volume 4 (27). pp. 92-102.
Von Schomberg, R. & Hankins J. (2019), International Handbook on Responsible Innovation. A Global Resource, Edward Elgar Publishing.
Vrontis, D. & Rossi, M. (2013). “Merges and Acquisitions in the Hightech Industry: A Literature Review”. The International Journal of Organizational Analysis, Vol. 21, n.1. pp. 66-82.
Cook, P. & Memedovic, O. (2003). “Strategies for Regional Innovation Systems”. Innovation System Building (National, Regional and Sectoral). January.
Kristensen, I., Dubois, A., Teräs, J. (2019). Strategic Approaches to Regional Development. Smart Experimentation in Less-Favoured Regions. Routledge. Taylor & Francis Group. 240 p.
Statistical Publication Regions of Ukraine 2019. (2019). Part1, Part 2. Kyiv.
Zabala-Iturriagagoitia, J. M., Voigt, P., Gutiérrez-Gracia, A., Jiménez-Sáez, F. (2007) Regional Innovation Systems: How to Assess Performance, Regional Studies, 41:5, 661-672, DOI: 10.1080/00343400601120270
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 Eurasian Journal of Higher Education
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
