Macroeconomic Model for Assessing the Impact of Innovation on Regional Development

Assoc. Prof. Dr. S.A. Antonov, Dean, Faculty of Management and Engineering Business,Techno Sphere and Ecological Safety Department Chair, PEI HE Kazan Innovative University named after V.G. Timiryasov (IEML), EOQ Auditor, Quality Austria, GOST R, Kazan', Russia, santonov@ieml.ru

key words

technological, social and organizational innovations, evaluation of innovations’ effectiveness. regional development, Lean production

References

I have developed a model for estimating the influence of production factors on the result of the region’s economic activity on the basis of the Cobb — Douglas production function. This allows us to evaluate the economic efficiency of the innovation implementation. I have introduced the term quasi-derivative function. In the course of the work, I have justified the possibility of using a quasi-derivative function to evaluate the effectiveness of various types of innovation. I have developed a computational macroeconomic model to determine the impact of Lean production systems in the region and the associated production factors on the gross regional product. The practical significance of the study is to create a methodological basis for planning the regional development process on the basis of assessing the contribution of certain aspects of innovation activity to the gross regional product.

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