Journal of Business & Financial Affairs

Utilizing Input-Output and Growth Rate Indicators in the Production Function as a Means for Evaluating the Innovation Environment in Russian Regions

Abstract

Cassian Hallow*

The evaluation of innovation environments within regional economies is critical for fostering economic growth and competitiveness. This paper explores the application of input-output analysis and growth rate indicators within the production function framework to assess the innovation landscape in Russian regions. By examining the interdependencies among industries and analyzing growth rates as a reflection of innovation dynamics, this study aims to provide a comprehensive understanding of how innovation is cultivated and its impact on regional development. Utilizing empirical data and analytical tools, this research contributes to identifying key factors that influence innovation ecosystems and offers insights into policy interventions for fostering innovation-driven growth at the regional level.