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Regional Economics: Theory and Practice
 

Of Achievements in the scientific and technical sphere and new innovative products, services and technologies: influence on development of a region's economy

Vol. 12, Iss. 16, APRIL 2014

Available online: 27 April 2014

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: 

Pages: 33-42

Larin S.N. Central Economics and Mathematics Institute, RAS, Moscow, Russian Federation
larinsn@cemi.rssi.ru

The article specifies the basic problems of development of the Russian economy market reforms. It reasons the directions of the government influence on the successful implementation of this process. It shows one of the promising ways for the Russian regions to solve this problem, i.e. to develop complex engineering and increase the number of engineering companies. The author clarifies the definition of "engineering" and identifies its key functions in relation to the development of R&D and innovation. The author substantiates the importance of innovation policy development in a region to ensure the socio-economic welfare. A major part of the activities takes into account the current trends in the areas of R&D investment and economic development in the region.

Keywords: region economy, market reforms, integrated engineering, R&D, innovation, innovation policy, management, regional innovation system

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