Analysis of the Innovation Potential Russian Regions by Stochastic Frontier Model

Student: Saukova Olga

Educational Programme: Economics (Master)

Year of Graduation: 2017

The innovation sphere has been studied for a long time however single system and way of measuring innovative activity has not been developed. Despite this, there is a large number of different methods how to measure and rank subjects by the level of their innovative development. In the this work we investigated some aspects of innovative activity of different regions. In particular we analyzed the efficiency of resource use in the production of innovative goods and services by the stochastic frontier method, calculated the technological efficiency for different regions, and generate the rating of regions on the efficiency of resource use. Results of research were compared with results of other estimations in field. As a result regions with low rating of innovation activity need to attract additional investments and high qualified workers for further development.

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