Analysis of efficiency of regional innovation systems taking into account the financing structure

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Abstract

The problems of current financing of innovations determine the relevance of the research allowing for quantifying and evaluating the performance of regional innovation systems in terms of the structure of innovation financing. The paper presents an approach to analyzing and evaluating the efficiency of innovation activity in Russian regions using the Data Envelopment Analysis. To estimate the efficiency of regional innovation systems, we use the ratio of a set of input parameters of sources and structure of R&D financing to a set of output parameters of the innovative goods volume in the context of 80 Russian regions. We rank the regions according to the technical efficiency index, determine the degree of their homogeneity and differentiation, reveal leading and outsider regions by the degree of efficiency of financial resources use in regional innovation systems. It is determined that the share of the leading regions makes 25% and the share of inefficient regions makes 53%. The conclusion is made on the need to spread the best practices of the leading regions and to apply a more efficient structure for financing innovative activities in outsider regions.

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