Institutional mechanisms of forming of regional innovative ecosystem

Apply

Institutional mechanisms of forming of regional innovative ecosystem

Journal Title: Регіональна Економіка - Year 2016, Vol 80, Issue 2

Abstract

Problem: solution of social and economic problems through innovations requires active policy of creation of stimuli and conditions, when public and private agents of economic system are obliged to invest for the common good. Regional authorities have to find the way to promote local measures that improve the welfare of regional community. <br>Objective: defining of the nature of institutional mechanisms of regional innovative ecosystems development and elaboration of proposals on their implementation in terms of European integration policy. <br>Research methods – provisions of regionalism and institutionalism theories are used in terms of exploitation of principles of open innovations concept and regional development multilevel management. On the basis of system analysis suggestions over the forming of regional innovative ecosystem components and their interrelation are made. <br>Research results – nature of interrelation between social and economic development and forming of regional innovative ecosystems submodels is revealed. Conditions of forming and implementation of regional innovative policy taking into consideration the EU experience are grounded and characterized. Proposals over the improvement of regional economic policy implementation mechanisms in terms of regions’ innovative ecosystem development and strengthening of the role of institutional cooperation between the economic system’s agents are elaborated. The following conditions are proved to be available in order to maintain the efficiency of regional innovative ecosystems development management: broad spectrum of political, economic and cultural processes in a region that are reflected in management and authorities decentralization, strengthening of economic autonomy, preserving and development of cultural and ethical traditions; development of local self-governance system, including drafting local budgets with own sources of its replenishment; availability of the body that adopts regulations of local importance within its competence in order to solve urgent regional problems by individual economic entities in scientific-technological and innovative spheres; increase of regional authorities’ responsibility for existing condition and development of scientific-technological and innovative potential in a region. <br>Conclusions and suggestions – introduction of institutional mechanisms of regional innovative ecosystems forming is a complex scientific-theoretical and practical task of strategic nature. Its solution requires development of the methodology of defining the peculiarities of cooperation between the participants of innovative processes that take place at regional level. It terms of expansion of network organizational economy, we can speak about interactivity that requires information exchange between the agents of the relevant institutional environment and therefore stipulates exploitation of modern technological infrastructure facilities and development and implementation of program objectives in the form of innovative projects within the scale of a concrete region and specific mechanisms of making and implementation of decisions on the development of the most important structural blocks of innovative ecosystem (scientific, informational, production-technological, etc), and their resources maintenance.

Authors and Affiliations

Stepan A. Davymuka, Lyubov I. Fedulova

Keywords

regional innovative policy institutional mechanisms innovative ecosystem of the region

EP ID EP437957
DOI -
Views 151
Downloads 0