Institutional development of the region and the criterion for its determination

Abstract

Institutional development of the region and the criterion for its determination

Kandrokova M.,Makhosheva S.,Galachieva S.,Yandieva L., Gabalov A.

Incoming article date: 18.04.2022

In the article the authors consider the influence of development institutions on the formation of the knowledge economy, it is proposed to evaluate their quality in the form of an index of institutional development. A method of evaluation based on objective indicators is proposed. A model for ranking regions is presented, including the calculation of indicators, on the basis of which a comprehensive integral assessment of the index of regional institutional development is carried out.

Keywords: knowledge economy, regional economy, innovation economy, innovation activity, socio-economic development, institutional infrastructure