Factors of innovative activity in Russian regions: modeling and empirical analysis

Autor: O. S. Mariev, I. V. Savin
Jazyk: English<br />Russian
Rok vydání: 2010
Předmět:
Zdroj: Экономика региона, Vol 2010, Iss 3, Pp 235-244 (2010)
Druh dokumentu: article
ISSN: 2072-6414
2411-1406
DOI: 10.17059/2010-3-31
Popis: Considering innovations as a key factor of economic growth, in this paper we identify main instruments stimulating innovative activity in Russian regions. Since the number of potential factors of enterprises innovative activity and respective hypotheses is large, the process of model selection becomes a crucial part of the empirical implementation. A new efficient solution to this problem is suggested, applying optimization heuristics. The model selection is based on information criteria and the Sargan test within the framework of a log-linear panel data model.
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