Bìznes Inform (Apr 2019)

The Influence of the Innovation-Investment Activity on the Regional Competitiveness

  • Romanko Olga P. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, ,
  • Bodnaruk Iryna R.

DOI
https://doi.org/10.32983/2222-4459-2019-4-181-188
Journal volume & issue
Vol. 4, no. 495
pp. 181 – 188

Abstract

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This article for the first time uses economic-statistical methods to research interaction of the innovation-investment activity and competitiveness at the level of region. For the complex research of individual and general influence of competitiveness of region and its innovation-investment activity, the Granger test and correlation-regression analysis are applied. The Granger test gives an opportunity to define causal relationships between the indicators of the innovation-investment activity of region. Pairs of indicators of the innovation-investment regional activity are defined and grouped according to the presence of communication, force and direction of influence. The correlation-regression analysis is used to determine the regional impact of the innovation-investment activity on the competitiveness. The character, closeness of relation and degree of influence of separate innovation-investment indicators on GRP are determined. Based on the actual data of the obtained dependency models of the analyzed indicators, a three-year forecast for the regional management of competitiveness is conducted.

Keywords