Dynamics of innovative development of the Voronezh region in economic and institutional contexts

Abstract

Importance: the dynamics of innovative development of the Voronezh region in the economic and statistical, economic and institutional context. Purpose: to analyse the state and interrelations of economic and statistical, economic and institutional parameters of innovative development of the Voronezh region. Research design: the research process used: monographic, economic-statistical, logical methods, correlation-regression and institutional analysis. Primary information was obtained from official statistical sources for 22 years – the maximum possible time period in modern conditions. The composition of indicators was interpreted economically and institutionally based on the author’s approach. Results: it has been established that the spatial and functional dynamics of institutions and related economic processes in the Voronezh region is ambiguous and is characterised as follows: the level of innovation performance and the related propensity to pragmatism are stable; the dynamics of the level of spatial diversification of innovation activity, propensity to innovate and functional optimism does not have a sufficiently definite trend; the level of investment activity in the innovation sphere, propensity to invest and financial optimism has no sufficiently definite trend.