SFeDu
of.211, Gorgoko St., 88 
Rostov-on-Don
Russia
344002
+7 (863) 250-59-54
This email address is being protected from spambots. You need JavaScript enabled to view it.
te@sfedu.ru

TERRA ECONOMICUS

  • Home
  • Issues
  • 2018
  • No 1
  • Intangible resources of the regions: evaluation of the use of capacities elena

INTANGIBLE RESOURCES OF THE REGIONS: EVALUATION OF THE USE OF CAPACITIES

TERRA ECONOMICUS, , Vol. 16 (no. 1),

The purpose of the article is to show the possibilities of applying the factor approach to assess the use of the regions’ intangible resources as a component of their modernization potential. Based on the analysis of theoretical approaches to the study of the region’s intangible resources, the article presents the structure of intangible resources, including human, intellectual, information, organizational and social resources. As the authors suggest, the effectiveness of the use of the region’s intangible resources is determined by summation of management influences, aimed at their transformation into the tangible results (i.e., increase in competitiveness and investment attractiveness of the region, GRDP growth). Two hypotheses have been put forward by the authors: 1) the groups of intangible resources suggested in the research can be measured by a set of indicators, and implement a system of «non-material» factors for assessing the level of modernization of the region’s economy; 2) selected indicators can be used to classify the regions by the level of use of intangible resources. Both hypotheses have been confirmed. To test the hypotheses, methods of factor analysis, correlation analysis and cluster analysis were used. Verification of the analytic tools has allowed the authors to classify the regions into four groups, depending on the use of the regional intangible resources, as well as to develop recommendations aimed at increasing effectiveness of their use. The research findings suggest that development of the institutional environment supporting the commercialization of research and development results is relevant to all Russia’s regions. The conclusion is made that it is possible to use the tools proposed in the article to implement the regional development strategies, i.e., to identify the growth-shaping and limiting factors of modernization development, as well as to identify potentially flagman regions as the areas for the neoindustrialization projects implementation.


Keywords: types of intangible resources; factor analysis; regional development; factor approach; Russia’s regions

References:

Andrissen, D. and Thyssen, R. (2004). Weightless riches. Determine the value of your company in the economy of intangible assets. Moscow: Olymp-Business Publ. (In Russian.)

Brousseau, E., Garrouste, R. and Raynaud, E. (2011). Institutional changes: Alternative theories and consequences for institutional design. Journal of Economic Behavior & Organization, 79(1–2), 192–222.

Cabrita, M. and Vaz, J. (2006). Intellectual Capital and Value Creation: Evidence from the Portuguese Banking Industry. Electronic Journal of Knowledge Management, 4(1), 11–20.

Daun, J. H. (2002). Intangible Assets. Bonn: Galileo Press.

Diebolt, C. and Hippe, R. (2016). The long-run impact of human capital on innovation and economic development in the regions of Europe. Working Papers of BETA, 2016-31. Strasbourg (http://www.beta-umr7522.fr/productions/publications/2016/2016-31.pdf).

Dunteman, G. H. (1989). Principle Component Analysis. Sage University Paper Series on Quantitative Applications in the Social Sciences, 69.

Edvinsson, L. (2005). Corporate longitude. Navigation in the knowledge-based economy. Moscow: INFRA-M Publ. (In Russian.)

Edvinsson, L. and Malone, M. (1997). Intellectual Capital: Realizing your Company’s True Value by Finding Its Hidden Brainpower. New York: Harper Business.

Everette, B. S., Landau, S., Leese, M. and Stahl, D. (2011). Cluster Analysis. Wiley.

Gordon, I. R. (2015). Ambition, human capital acquisition and the metropolitan escalator. Regional Studies, 49(6), 1042–1055.

Inozemtsev, V. L. (1995). Towards the theory of post-economic social formation. Moscow: Academia Publ. (In Russian.)

Kaplan, R. S. and Norton, D. P. (2007). Strategic maps. Transformation of intangible assets into tangible results. Moscow: Olymp-Business Publ. (In Russian.) Kok, A. (2007). Intellectual Capital Management as Part of Knowledge Management Initiatives at Institutions of Higher Learning. Electronic Journal of Knowledge Management, 5(2), 181–192.

Lodde, S. (2008). Human capital and productivity growth in the Italian regional economies. A sectoral analysis. Rivista internazionale di scienze sociali, 116(2), 211–233.

Mikhalkina, E. V. (ed.) (2014). Human resource management: research methods. Rostov-on-Don: Southern Federal University Publ. (In Russian.)

Mikhalkina, E. V., Kosolapova, N. A. and Mikhalkina, D. A. (2016). The economic evaluation model of the use of the intangible resources potential on the example of Russian regions. Journal of Economic Regulation, 7(4), 103–116. (In Russian.)

Silin, Ya. P., Animitsa, E. G. and Novikova, N. V. (2016). «New Normality» in the Russian Economy: Regional Specificity. The Economy of the Region, 12(3), 714–725. doi: 10.17059/2016-3-9. (In Russian.)

Stewart, T. (1991). Brainpower. Fortune, June 3, 42–60.

Sveiby, K-E. (2004). Methods for measuring intangible assets (http://www.sveiby.com/ articles/IntangibleMethods.htm). Volchik, V. V. and Kot, V. V. (2013). Institutional changes in the peripheral regions: the role of civil institutions. Terra Economicus, 11(4). (In Russian.)

Yagupa, E. G. (2011). Development of the theory of the intangible capital of the region. The Russian Economic Internet Journal, 2 (http://elibrary.ru/item.asp?id=17856978). (In Russian.)

Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606