The innovations’role in facilitating regional development

Анотація

The paper analyses the impact of innovations on facilitating regional development in Ukraine. The main goal is the estimation of the innovations’ role in the regional economy. Applying Schumpeter approach to dynamic economic growth, we consider the special policy for regional equalizations based on decreasing asymmetric innovative development in regions. Substantiated the development and implementation policy taking into account the innovative component for each individual region. The adoption and application of innovation policy measures proposed for inequalities smoothing and competitiveness increase in Ukraine’s regions. The improvement and overcoming of regional disproportions through equalization of gross regional product per capita in regions proposed. The strategy of coordination activities, financing, and attracting investment in regions analyzed. The hierarchical cluster analysis proposed for the assessment of regional innovative inequalities. The special regional policy based on the hierarchical cluster estimation’s results suggested decreasing imbalances and stimulating innovations inflow in regions.

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