Modeling innovqtive modernization of regional economy

The article considers the basis for the development of theoretical and methodological approaches to identifying the factors of innovative modernization of the economy for revealing their integral influence on economic growth on the basis of application of simulation modeling. The factors that need to be taken into account when determining the model of innovation modernization of the region's economy are established. The main groups of these factors are distinguished and characterized, based on the understanding of innovative modernization of the economy, namely, economic activity, financial support, investment activity, scientific and technical development and foreign economic activity, which will form the basis for comparing the level of innovation modernization of the regional economy. Constructed and tested for the adequacy of the model of innovation modernization of the state economy

innovation; transformation; investment; model; system; regional development