Efficiency Assessment and Development Forecast of the Institutions Stimulating the Innovative Behavior of Economic Entities in a Resource-Extraction Region
Efficiency Assessment and Development Forecast of the Institutions Stimulating the Innovative Behavior of Economic Entities in a Resource-Extraction Region

Summary/Abstract: The objective of the research is to assess efficiency and to forecast development of the institutions that stimulate innovative behavior of economic entities in a resource-extraction region, using the example of the Khanti-Mansi autonomous Okrug –Yugra. The assessment is done using two methods – indirect and direct. The indirect one is carried through the level of innovative intensity and demand for these institutions. The direct method is based on the results of questionnaire survey to innovative activity’s participants. Indirect assessment reveals the fact that the correlation between institutions stimulating the innovative behavior and the level of innovative intensity prove to be weak and transient. Direct assessment testifies subsidies and grants to be the most effective institutions, though their effect is transient. Technology parks and tax concessions are found to be more effective, with more sustained effect. Other stimulating institutions within the Yugra region have not been proved to be effective yet. Based on efficiency assessment and revealed institutional traps, we forecast the development of the stimulating institutions, which appears to be pessimistic for the most institutions. We also suggest measures to modernize and adapt institutions stimulating the innovative behavior adjusted for impact of foreign economic factors and business environment. Academic novelty of the research lies in the fact that the author's method of assessing the transactional efficiency of institutions has been applied.

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