Identification of region's industry growth zones

Abstract

Subject. This article examines the innovative potential of the regions of Russia and the problems of balanced development of the country's regions. Objectives. The article aims to form a set of indicators, the consideration of which can help determine the potential of the region's economic sectors. Methods. For the study, I used the general scientific research methods. Results. Based on the analysis of various approaches to the definition of the concept of Growth Zone, the article finds that the accuracy of determining growth zones increases when industries are decomposed into sub-industries. When determining the zones of growth, it is necessary to take into account the economic, innovative, social, and spatial factors of the region's development. Conclusions. The results of the study can be taken into account when developing strategies for the socio-economic development of regions and determining areas of specialization.