Innovations and Socio-Economic Development: Problems of the Natural Resources Intensive Use Regions

Abstract

In the context of the economic growth slowdown and the continued deepening of the Russian regions’ social and economic differentiation there is the problem of spatial development. The study of innovation factors’ impact on the social and economic development attains a particular interest in this context. In the article the econometric model of the innovation factors’ impact on the social and economic development of the Russian regions is constructed. The results of the analysis indicate the imbalance of the regions’ innovative development, which is determined by the absence of significant impact of indicators that characterize the process of instilling innovations. The innovative development analysis of the Tyumen region as a natural resources intensive use region indicates the relative lag behind not only the leading regions, but also behind the mean values. The necessity of institutional changes in order to stimulate the business’ innovative development and in the first place the oil and gas sector’s innovative development is based. Arctic projects have significant potential in this direction.

DOI: 10.5901/mjss.2015.v6n1p129