Open AccessINNOVATIVE AND RESOURCE FACTORS OF DEVELOPMENT IN RUSSIAN REGIONS
Author(s) -
A. Yu. Novikov
Publication year - 2021
Publication title -
interèkspo geo-sibirʹ
Language(s) - English
Resource type - Journals
ISSN - 2618-981X
DOI - 10.33764/2618-981x-2021-2-4-316-321
Subject(s) - resource (disambiguation) , factor (programming language) , panel data , impact factor , economics , meaning (existential) , regression analysis , regional science , economic geography , econometrics , classical economics , business , economic system , political science , computer science , geography , psychology , statistics , mathematics , computer network , law , programming language , psychotherapist
The innovation and resource factor of economic development has been studied actively, since the middle of the 20th century. The problem of taking into account the innovative factor in regression analysis is urgent now. Several empirical indicators correspond to the innovation factor, but they cannot fully reflect the meaning of innovation used in theoretical models. There is a need to choose the indicator that would least distort the essence of the scientific and technical progress. We use panel regressions and data about Russian regions for 2014-2018. . It was shown, that that the resource factor has a positive effect on economic growth, and the innovation factor is insignificant.