Comparison of analytical approaches to assessing the innovative potential of the region and its investment attractiveness

The article discusses analytical approaches to the application of some methods of economic and statistical analysis to determine the prospects for innovative development of regional economies. The transition to accelerated economic growth will not be possible without assessing its possible consequences and identifying the strengths and weaknesses of the economy of a particular region. Existing methods and techniques for determining specific or General results of management activities, in our opinion, can not always be attributed to its narrow specialization, for example, to the development of areas for regional economic diversification. When developing areas for regional economic diversification, specialists must first perform a predictive analysis of the effectiveness of the proposed solutions, and give a specific prognostic assessment of the need to introduce management innovations. A number of methods and techniques are already available to evaluate the effectiveness of such large-scale solutions and related investments. Many researchers are taking steps to determine the specific economic effect of innovation. However, most often we study macroeconomic performance indicators at the state level. We believe that it is necessary to develop methods and techniques for assessing the possibility of innovative development at the level of regions, municipalities, and individual economic entities