Economy of the so-called «resource» regions of Russia is characterized by the predominant role of a relatively small number of large enterprises with low added value. At the same time, the modern institutional environment for entrepreneurs in Russia is clearly unfriendly and costly. Sustainable growth of regional or national economy, if measured quantitatively, cannot be achieved without the institutional changes of innovative character. Innovative economic growth in a resource region, such as the Krasnoyarsk region, should be based on the methodology of institutional design with the help of institutional development strategy. It is possible to create an institutional environment that will not aggravate the contradictions between the interests of its subjects but will balance these interests. The contradictions between formal and informal norms should be neutralized by increasing the efficiency of enforcement mechanisms; positive institutional change should be accelerated by developing minimal-consumption goods, stimulating producers to innovative activity by maintaining competitive opportunities, encouraging regulative organs to ensure effective production supervision.
Resource Region, Innovation Development, Economic Growth, Institutional Change
