Innovation Systems in the Small Entrepreneurship Economic Development in Russian Regions

Innovations, alongside with the accumulation of physical and human capital, are known to be a universally recognized factor of economic growth. This article is devoted to a study of the innovation system role in the economic development of small entrepreneurship at the regional level. The main goal is to analyze the impact of innovation systems on the development of small entrepreneurship in Russian regions. To achieve this goal, the author applies a correlation analysis that allows identification of a positive interrelation between a number of indicators, characterizing innovation systems and economic development of small entrepreneurship in regions. Also, indicators, which do not play a critical role in the small entrepreneurship development, have been revealed. As a result of this analysis, recommendations on the implementation of measures, related to the small entrepreneurship and innovations, have been issued.