Interrelation of the rate of Russian Arctic regions’ economic development and the innovative activities of industrial production

DOI

10.2991/ispcbc-19.2019.103How to use a DOI?

Keywords

Arctic, types of economic growth, innovative activities, industrial production, efficiency of economic resources

Abstract

Arctic regions are the most important raw material base for the further development of the Russian economy but industrial production located there operates in adverse climatic conditions and the nature is extremely vulnerable to production waste pollution. In this regard it is very important to consider the current state and prospects of innovative activities of the industry. The paper considers the method of identifying the interrelation between the rates of economic growth of production in the regions of the Federation and its innovative activities based on a quantitative determination of the extensiveness and intensity of growth and the determination of the possibility of innovative development. At the same time an increase in the level of innovative activities should lead to a simultaneous increase in material efficiency, capital efficiency, and labor productivity. The dynamics of the rates of extensiveness and intensity of economic growth in all four regions of the Arctic for the period 2005-2016 over three separate types of industrial activity is shown. It is noted that economic growth in all regions was predominantly extensive. The intensive type of growth was only in certain regions in certain years of the analyzed period. It was determined that in order to increase the level of innovative activities of the industry government support is needed in the form of forming and implementing an appropriate incentive system including the “quasi-self-financing” of innovative activities.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - V. Zharov
AU  - V. Tsukerman
PY  - 2019/08
DA  - 2019/08
TI  - Interrelation of the rate of Russian Arctic regions’ economic development and the innovative activities of industrial production
BT  - Proceedings of the International Scientific-Practical Conference “Business Cooperation as a Resource of Sustainable Economic Development and Investment Attraction” (ISPCBC 2019)
PB  - Atlantis Press
SP  - 214
EP  - 217
SN  - 2352-5428
UR  - https://doi.org/10.2991/ispcbc-19.2019.103
DO  - 10.2991/ispcbc-19.2019.103
ID  - Zharov2019/08
ER  -