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International Business Management

Correlation Relationship Between Scientific-Innovation and Macroeconomic Indicators in the Selected Russian Regions
Vladimir M. Moskovkin, Sizyoongo Munenge, Larisa V. Verzunova, Nikolay V. Kamyshanchenko, Andrey V. Prizhihalinskiy and Vladimir I. Shutov

Abstract: The study presents a matrix of pairwise correlations for 26 regions of the Central and North-West Federal Districts of Russia between ten scientific-innovation and macroeconomic indicators comprising a number of objects of the innovation infrastructure according to two databases, a number of universities, university potential which had been calculated based on webometric rankings of universities, a number of scopus-publications in universities of the regions during the year 2015 and in general, the gross regional product, a number of population, the gross regional product per capita, population density. In all cases there were obtained high values of pearson’s correlation coefficient. It has been concluded that a high level of scientific-innovation development of regions is based on a high degree of social-economic development of their urbanized territories that is the gross regional product and a number of population, rather than the reverse.

How to cite this article
Vladimir M. Moskovkin, Sizyoongo Munenge, Larisa V. Verzunova, Nikolay V. Kamyshanchenko, Andrey V. Prizhihalinskiy and Vladimir I. Shutov, 2016. Correlation Relationship Between Scientific-Innovation and Macroeconomic Indicators in the Selected Russian Regions. International Business Management, 10: 6019-6025.

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