On the prospects of formation of competitive and innovative regional economy

The growth of the Russian economy coupled with its competitiveness is impossible without the development of innovative capacity of regions and enterprises. The development of the regions is based on the consideration of the competitive potential, which, in turn, relies on an innovative vector of development. The government makes insufficient use of their opportunities in terms of tax activities and excessive centralization. Explain how uses the state and the region these opportunities. The lack of strategic plans for the development of innovation, stringent approach to taxation. Not taking into account the development of competitive technologies and products. Does not allow developing enterprises in the region as innovative structures. Note that the basis of competitiveness is innovativeness of the economy as the most important criterion of expediency of entering of enterprises into national and global markets. Thus, under the innovative economy understand new products. Change management and organizational structures. Technical and technological innovations brought to the target markets. To date regional government has very limited ability to invest in innovation. In conditions of limited budgetary and financial investment in the country’s internal potential of territories is the main resource of their development. Rational use increasing the resource potential of the regions is one of the important priorities of the regions (local authorities and territorial communities). In the processes of functioning and development of enterprises and regions requires a constant search for ways to improve their innovative capacity. Transferring its production resources in viable and dynamic clusters. Development of innovative system will allow competing to companies. Regions and the state as a whole in difficult market conditions

The economic rationale for investing decisions innovative projects rationalization of investments for innovative projects

The article provides a selection of methods for determining the feasibility of an investment-innovative project. Estimated indicators are identified analytically, on their basis a conclusion is made about the economic efficiency and feasibility of the project, which is the basis of its competitiveness. Such growth analytics is necessary, since the social and economic development of the country and the region largely depends on the investment climate, which is facilitated by the legislation of the Russian Federation (the Tax Code of the Russian Federation, the law of the Russian Federation on the regulation of investment activities, etc.). Since competitiveness is also determined by the economic feasibility and financial solvency of innovative projects, modern information and software, as well as the methodology for project appraisal and the corresponding order of their implementation, are needed. In the Russian Federation, a method is used to assess the efficiency of capital investments in capitalist countries, as well as the methodology of economic (competitive) analysis of investment-innovative projects. The basis of the method is that reimbursement of investments occurs in two economic forms: net profit and depreciation (net income). Of the numerous methods for assessing the feasibility of investment, the most often used along with discount methods (taking into account the factor of money changes over time), statistical methods with determining the payback period and the average rate of return on investment. Defined indicators: the net present value (NPV) and the internal rate of return (IRR). The methodology specified in the article is useful to the investor in order to rationalize investment flows, helps to achieve the maximum IRR. The implementation of the innovative project serves the competitiveness of the manufacturing enterprise by increasing the technical and technological levels of the products