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Intensification of industrial parks as a factor of regional economy's innovative development

Vol. 18, Iss. 11, NOVEMBER 2019

Received: 2 June 2016

Received in revised form: 11 July 2016

Accepted: 4 August 2016

Available online: 29 November 2019

Subject Heading: INVESTING

JEL Classification: O18, O31, O43

Pages: 2625–2642

https://doi.org/10.24891/fc.25.11.2625

Kochieva A.K. Kuban State University (KubSU), Krasnodar, Russian Federation
akadeh@yandex.ru

ORCID id: not available

Lysak L.V. Kuban State University (KubSU), Krasnodar, Russian Federation
bliznetsova1997@mail.ru

ORCID id: not available

Subject The article deals with the issues of optimal functioning of industrial parks as an essential element of innovation infrastructure of the country, and their impact on the economy of the regions.
Objectives The paper aims to assess the impact of industrial parks creation on the intensification of innovative activity in Russia, as well as identify parameters that affect their activities.
Methods For the study, we used official statistics, methods of analysis and comparison.
Results The article presents the results of analysis of the activities of major domestic industrial parks, and shows the main factors of their functioning and basic parameters affecting their revenue. As well, the paper offers certain recommendations to improve the functioning of industrial parks in Russia.
Conclusions The paper concludes about the relationship of the innovative development of regions and industrial parks existing in their territory. The paper states the expedience of establishment and functioning of industrial parks in Russia, for all this creates the preconditions for innovation and development of the regions.

Keywords: industrial park, innovative development, innovative infrastructure, index

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