Industrial Cooperation in Mechanical Engineering as a Tool of Innovative Orientation of Economic Development

Abstract

The article considers industrial cooperation as a tool for fast implementation of innovative developments in the engineering industry. Industrial cooperation has a significant impact on the formation of sustainable innovative development of the economy and contributes to expansion of science-intensive export-oriented engineering production with high added value. The aim of the study is to determine the importance of expanding and intensifying the industrial, organizational and technological interactions of participants in cooperative collaboration in mechanical engineering for enhancing the transition to the production of innovative products. The subject of the study is economic and innovation-oriented relations of participants of industrial cooperation in mechanical engineering that arise in the process of their cooperation. The study substantiated the hypothesis about the effect of interest in the multifaceted interaction of participants of cooperative activities on the innovative development of the mechanical engineering industry. The novelty of the paper is provided by the justification of the need to build a mechanism for initiating and activating of innovation driven relations between participants in cooperative interactions in mechanical engineering to strengthen the innovative development of the economy. The article analyzes the efficiency of the implementation of the Programs for the development of regional cooperation of industrial enterprises in the Volga Federal District (VFD), gives a comparative review of the economic indicators of VFD constituent entities. The methods of institutional theory, analysis and synthesis, logical, statistical and comparative methods are used in the study. In conclusion, the article presents recommendations on increasing the efficiency of initiating and activating of innovatively directed relations between engineering enterprises and related industries, education institutions and authorities.