Innovative Development in the Social and Сultural Sphere of the Regions as a Factor of Growth of the Russian Economy

The presented study examines the regional aspects of innovative development in the social and cultural sphere.
Aim. The study aims to identify the factors of and prerequisites for innovative development in the social and cultural sphere of regions, and to substantiate the need for regional results-based tools oriented towards innovative development in the social and cultural sphere within the framework of the national innovation policy.
Tasks. The authors identify the trends and problems typical for innovative development in the social and cultural sphere in the context of the transition towards the digital economy, and determine the tools that can be used to facilitate the innovative development of regional economic entities in the social and cultural sphere.
Methods. This study uses systems analysis to assess regional indicators and identify key factors that affect innovative development in the social and cultural sphere in the Russian regions.
Results. Over the past decade, there has been a considerable variety of regional conditions for the innovative development of economic entities in the social and cultural sphere. The current Russian economic situation shows that the accumulated internal and external problems widen the gap between regions in terms of the level of innovative development in the social and cultural sphere. Therefore, in order to apply efficient regulatory measures, it is necessary to examine not only macroeconomic, but also specific regional determinants of innovative development of the social and cultural sphere in the Russian regions, as well as to identify problems, challenges, and potential directions for the modernization of activities in this sector of the regional economy.
Conclusions. Under the circumstances, formation of regional results-based tools oriented towards the innovative development of economic entities in the social and cultural sphere within the framework of the national innovation policy is crucial for the development of the regional economy. In order to bridge the gaps in the innovative development of organizations in the social and cultural sphere in different regions, it is necessary to implement infrastructure projects, including projects based on public-private partnership and infrastructure mortgage.

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