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The institutional transformations, defining development of the innovative complex of the region

The institutional transformations, defining development of the innovative complex of the region

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 73-80

Formation of institutional transformations in the Russian Federation is a long and innovative process that explains today economy transition from the Soviet model of development to innovative. The important precondition of active social-economic development of our country is a creation of new institutions. Institutional changes build new mechanisms of interaction between the state and its regions and as improvement of social infrastructure and cultural capacity of the country promotes the external economic development, taking into account an entry into the world markets. Use today the cluster approach, being important part of the state regional policy, increases competitiveness of the country and leads to sustained economic growth of regions. Updating of the full-fledged institutional environment in the Russian economy has to begin with regions that will allow to increase economic and technological development of the country.

Keywords: institutions; institutional environment; institutional transformations; clusters; enterprise environment; transactional costs; foreign economic activity

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Publisher: Ltd. "Humanitarian perspectives"
Founder: Southern Federal University
ISSN: 2078-5429