DOI: 10.5937/jaes12-7170
This is an open access article distributed under the CC BY-NC-ND 4.0 terms and conditions.
Volume 12 article 306 pages: 303 - 311
Many authors have
turned their research interests to the problem of innovative development as a
result of global trends that have led to the transition to an innovative
functioning of an economy. This research focuses on territorial innovation
systems represented by the regions and municipalities. The major aim of the
study has several objectives associated with the theoretical analysis of
practical aspects of the problem in regional and municipal levels. First of
all, there is a need to provide a critical review of the literature devoted to
innovative development of regional systems. Secondly, the role of territorial
au- thorities in an innovation process is needed to be examined. Finally, this
study has an overarching objective to identify the opportunities and evaluation
mechanisms for innovation potential of regions and municipalities, as well as
to formulate a complex of measures for its development. Basis of this work
amounted to actual works of Russian and foreign scientists, the analysis of the
Russian experience of innovation, as well as the recommendations of foreign
experts. The research is based on Russian and international academic
literature, innovation-related articles, the analysis of Russian innovative
experience as well as the foreign experts' recommendations related to the
issue.
The article was
published with the financial support from Ministry of Education and Science of
the Russian Federation within the framework of state assignment to the project
#26.1511.2014K "Theory and methodology of managing innova- tional and
investment processes in small business enterprises."
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