Regional economic growth: the essence and factors that shape it (theoretical aspect)

The article is of an overview nature and is devoted to the factors that ensure economic growth in the regions in the conditions of a modern dynamically developing innovative economy. The relevance of the work is connected on the one hand with the fact that the state has set a goal to form an innovative economy in the country that can demonstrate sustainable development under external pressure. On the other hand, economic processes occurring at the regional level play a significant role in the formation of this type of economy. It is in the regions that it is necessary to form the basis of an innovative economic system, their own economic clusters, which will help the regions acquire competitive advantages that can give regional economies a new impetus to development. The cumulative effect of the dynamic development of regional economic clusters will undoubtedly contribute to economic growth in the country as a whole. In this regard, the aim of the study was to identify the factors that can ensure economic growth in the regions in the conditions of a modern dynamically developing innovative economy...