Innovations as a driver for the development of the region’s investment attractiveness: incentive tools and methods

The article considers innovations that are the flagship of the development of investment potential of Russian regions and regional economic systems as the main element of investment attractiveness of the regions. The conducted research examines the basic tools and methods for the formation of an effective assessment system for innovative regional development as the level of the investment attractiveness of Russian subjects and Russian regional systems within the framework of Russian and foreign practice and experience. Definition and evaluation of such an indicator as the level of development of the digital environment of business communications, stimulating the effectiveness of innovative activities of business entities, have been identified as the main approaches (or methods) in studying this problem. The conducted research has a significant impact on the further study of directions for the development of a mechanism for effective assessment of the innovative potential and innovative development of the region, which serves as the basis for increasing the investment attractiveness of the Russian regions. The application and use of various assessments, diagnostics and their implementation in considering the innovative potential and innovative development of the region are to analyse the prospects for its formation. The obtained results of the research can be used in assessing these two phenomena to increase the investment attractiveness of the Russian regions.

1. Grebenkin I.V. Trends in industrial specialization and dynamics of development of Russian regions. The economy of the region. 2020;1(16):69–83. (In Russian). https://doi.org/10.17059/2020-1-6

2. Yerygin Yu.V., Pavlova E.O. Tools for forming a portfolio strategy for innovative development of a military-industrial complex enterprise. Siberian Aerospace Journal. 2013;2(14):249–254. (In Russian).

3. Korkin M.A. Innovative potential of modern industrial enterprises: the essence, cyclicity, indicators and practical diagnostics of the innovative profile. Economics and entrepreneurship. 2022;5(142):764–769. (In Russian). https://doi.org/10.34925/EIP.2022.142.5.143

4. Korkin M.A. Directions of development of methods for evaluating the effectiveness of innovative potential at industrial enterprises. Bulletin of the Academy of Knowledge. 2022;48(1):132–138. (In Russian).

5. Lapteva E.V., Zakharova A.A. Foreign investments in the economy of the Russian Federation. Comparison with other emerging economies based on DABROWSKI. In: Modern trade: theory, practice, innovation: Proceedings of the X All-Russian Scientific and Practical Conference with International Participation, Perm, October 24 – November 1, 2022. Perm: Perm Institute (Вranch) of the Plekhanov Russian University of Economics; 2022. Pp. 162–165. (In Russian).

6. Ogorodnikova E.P. Systematization of scientific concepts of research of innovative processes. In: Actual problems of socio-economic statistics and digitalization of economic calculations: Proceedings of the I All-Russian Scientific and Practical Conference, Nizhny Novgorod, October 29, 2021. Nizhny Novgorod: Nizhny Novgorod State University named after N.I. Lobachevsky; 2022. Pp. 197–200. (In Russian).

7. Simionov R.Yu., Solovyov V.V. Innovative potential of enterprises: essence, factors and approaches to assessment. Audit and financial analysis. 2017;2:400–407. (In Russian).

8. Tumenova S.A. Network innovation structures in the regional economy: forms and types of management strategies. Issues of innovative economics. 2023;3(13):1291–1306. (In Russian).

9. Vagin S.G., Kostyukova E.I., Spiridonova N.E., Vorozheykina T.M. Financial risk management based on corporate social responsibility in the interests of sustainable development. Risks. 2022;2(10):35.