Interrelation of R&D, Knowledge Spillovers, and Dynamics of the Economic Growth of Russian Regions

The article explores the interrelations between research and development (R&D), innovation activity, and economic growth in the Russian regions. To analyze these interrelations, the econometric framework is applied. Based on data for 2005–2013, panel regression with fixed effects and the Arellan...

Full description

Saved in:
Bibliographic Details
Published inRegional research of Russia Vol. 8; no. 1; pp. 84 - 91
Main Authors Kaneva, M. A., Untura, G. A.
Format Journal Article
LanguageEnglish
Published Moscow Pleiades Publishing 2018
Springer Nature B.V
Subjects
Economic growth
Economic models
Economics
Economics and Finance
Expenditures
Innovations
R&D
Regional/Spatial Science
Research & development
Slavic studies
Socioeconomic factors
Socioeconomics
Spatial Features of Sectoral Development
Technological change
Russia
R&D
GRP
economic growth
technological innovation
knowledge spillovers
dynamic modeling
region
Online AccessGet full text

Cover

More Information
Summary:The article explores the interrelations between research and development (R&D), innovation activity, and economic growth in the Russian regions. To analyze these interrelations, the econometric framework is applied. Based on data for 2005–2013, panel regression with fixed effects and the Arellano–Bond model are constructed. Hypotheses about the significant impact of knowledge and socioeconomic conditions on regional growth have been tested, while the expenditure on R&D and technological innovation are used to analyze knowledge spillovers; and spillovers of socioeconomic conditions are modeled with a socioeconomic filter. The results of calculations indicate possible competition for labor in the industry when this indicator is included in the socioeconomic filter. The calculations also confirm the significant impact of expenditure on technological innovation and spillovers on technological innovations for regional economic growth. At the same time, knowledge has been more efficiently disseminated to regions with high absorptive capacity, as well as between regions with similar growth rates. The authors conclude that knowledge spillovers can have a significant impact on gross regional product per capita (GRP) growth. The results can be used by regional governments when formulating innovation policy.
ISSN:2079-9705
2079-9713
DOI:10.1134/S2079970518010045