An innovation profile model as a means of assessing the innovative sustainability of a region (Voronezh Region, Russia)

Abstract

Aim. The development of an innovation profile model as a means of assessing the innovative sustainability of the region (Voronezh region, Russia). Material and Methods. The study employed system, comparative and economicstatistical methods. Calculations were conducted using MS Excel and Statistica software packages. The database was created in retrospect for the period 2010-2017. Assessment of innovation sustainability based on the resource approach was undertaken using four groups of resource indicators that characterize the state of technological, human resources, financial and scientific sectors. The effective component was calculated. Results. The results of calculations of the generalizing indicator indicate a sufficiently developed regional innovation system, which has not only the potential for implementing effective innovative sustainable activities but has already achieved effective results. However, there are crisis indicator values such as the share of internal expenditures on researches and development, the index of physical volume of investments in fixed capital and the share of researchers with a degree. In turn, the effective component's criticality requires the development of certain recommendations that contribute to the effective use of existing potential. Conclusion. A solution to an actual practice-oriented issue in the field of socioeconomic and geographical research is presented: a developed innovation profile model which makes it possible to determine the degree of innovation sustainability of the region quickly and reliably. Assessment of the indicators of innovative potential of this region made it possible to identify the 'strengths and weaknesses' of the innovation system of the Voronezh region comprehensively and adequately and to determine the principal future strategic objectives.