Ustinova N.V.Saratov Socio-Economic Institute, Branch of Plekhanov Russian University of Economics, Saratov, Russian Federation nv_ustinova@mail.ru
Temyakova T.V.Saratov State University, Saratov, Russian Federation temyakova@yandex.ru
Derunov V.A.Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation vaderunoff@yandex.ru
Importance The article discusses the issues of the effects of measures to stimulate the demand for high-tech products on the innovative development of regions. This subject is new to the Russian practice. Objectives The article aims to assess the effect of stimulating the demand for high-tech products on the level of innovation development of Russian regions. Methods There are two phases of the study. The first phase: we ground our own methodology of integrated indicators, i.e. indexes of innovative development. The second phase: we perform a correlation and regression analysis of the studied relationship according to the regional context. The change of innovation development index finds significant variations, indicating significant interregional differences. Results The correlation analysis performed shows that the measures stimulating a demand for innovative products and services do not lead to a significant increase in innovation development of the region and, in some regions, there is a negative relationship even, due to the ineffectiveness of marketing activities, probably. Conclusions and Relevance As a result of econometric modeling, we could get satisfactory cointegration equations that reflect the long-term dependence between the studied variables for some regions with different levels of innovation development only. Further research relates to the need to overcome the objective constraints. The data obtained may be used for the integrated assessment of the level of innovation development.
Keywords: high-tech products, innovative development, regression analysis, cointegration Dickey–Fuller test
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