The Importance of the Regions’ Economic Activity Evaluation in Russia, 2012-2016

Abstract

The article presents the systems of evaluating the regions’ economic activity, whichcomprise various components. The regions’ economic activity evaluation is done mostlythrough different rankings, which can generally be classified into: global and national. Theanalysis of the rankings’ dynamics in 2012-2016 has shown that the Russian innovationactivity is rising on the international level. Such a tendency is considered to be positive inthe modern economic conditions, however the innovation activity needs to be accelerated.According to the national level rankings, there are 3 regions in the Russian Federation,which managed to apply their innovation potential better than other Russian Federationregions. Thus, various level rankings help defining the strengths and weaknesses of aregion’s innovation development, that in future can become the basis for leadingcoordinated innovation policy.