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The article analyzed the relationship between the educational system and regional economic development. The rate of regional industry transformation is analyzed using structural shifts coefficients. The low rate of structural changes and the small share of the innovation sector can become a threat to the regional economy development and affect the level of regional competitiveness. The fourth industrial revolution is transforming the factors of regional growth and placing new demands on the workforce quality on the regional labor market. Accordingly, the regional education system is becoming an important driver of economic development. However, there is a significant gap between the supply of workers generated by universities and the demand from the regional economy agents. To remove these contradictions, the main stakeholders of the regional educational system should form a knowledge network to intensify the efficiency of communication as within the universities as between the main stakeholders. The regional policy could play an important role stimulating not only technological but also social innovation and the formation of appropriate regional institutions. Keywords—region, regional industry, knowledge-based economy, regional labor market, educational system stakeholders, institutions

Regional Industrial Transformation and Educational System Stakeholders Networks