Innovation and Regional Economic Growth in Russia: Roles of Trade Integration, Sanctions and Investment Potential
Journal: Journal of Applied Economic Research
Year: 2024

Innovation plays a vital role for economic growth as it introduces new ideas and processes, fosters competitiveness, creates jobs, and triggers technological advancements, increasing productivity and efficiency. Russia’s transition from a command to market economy requires the country to stress on innovation for sustainable regional economic growth. This study delves into the reciprocal relationship between innovation and economic progress in various Russian regions, emphasizing the significance