In the article the authors consider the influence of development institutions on the formation of the knowledge economy, it is proposed to evaluate their quality in the form of an index of institutional development. A method of evaluation based on objective indicators is proposed. A model for ranking regions is presented, including the calculation of indicators, on the basis of which a comprehensive integral assessment of the index of regional institutional development is carried out.

Keywords: knowledge economy, regional economy, innovation economy, innovation activity, socio-economic development, institutional infrastructure

Research into the state of development of an innovative economy enhances the role of knowledge in terms of economic growth. The efficiency of the economic activity of the subjects of the North Caucasus Federal District, first of all, is characterized by the indicators of innovative activity, which, in our opinion, are a fairly universal and informative criterion that objectively determines the overall state of the economic system.

Keywords: knowledge economy, regional economy, innovation economy, innovation activity, socio-economic development, institutional infrastructure.

An assessment of the innovation infrastructure of the regions of the North Caucasus Federal District was carried out, which showed that their organizational structure does not create conditions for the effective functioning of innovative processes, which is expressed in weak innovation activity, a small number of innovative firms, a low degree of commercialization of scientific developments and their implementation efficiency, in the absence of effective market mechanisms. financing science and innovation.

Keywords: innovation infrastructure, innovation activity, regional economy, institutional environment

The modern period of development of society and the economy is characterized by the intensive development of new technologies, which began to fundamentally and on a large-scale transform the social space, transform production processes, and create completely new types of activity. The possibilities for their effective use depend on many components, but the most important role is assigned to the institutional component, which creates conditions conducive to the formation and implementation of advanced development.

Keywords: advanced development, sustainable development, economic theory, institutional environment, infrastructure, education, development institutions

The formation and effective development of the knowledge economy in the country is possible only with a stable and Mature institutional environment. Indices of the knowledge economy and institutional regime calculated using the world Bank methodology determine the country's readiness for further development. According to the rating, Russia shows a problematic institutional component. The article examines the main institutional problems and barriers, namely institutional traps that hinder the development of the knowledge economy, explains their mechanisms and consequences for the Russian economy, and suggests ways out of them.

Keywords: knowledge economy, institutional traps, barriers, innovation, economic development, mechanism

The article presents the organizational and economic mechanism for increasing the investment attractiveness of the region, based on the system of investment design and implementation of investment projects, based on the complexity of the development of the region's economy, and including not only the identification of the investment potential of the region, but also the establishment of sources of capital investments; identification of directions for the development of the region, taking into account the calculations of the possible results of financial injections into these objects; creation of a phased financing plan for the taken object, the beginning of its implementation and control over it; obtaining state support for the development sector of the regional economy during the implementation of the investment project in the form of tax incentives, lower lending rates, etc.

Keywords: region, regional economy, investments, investment policy, risk, investment risks, investment portfolio, socio-economic development

The article shows the calculation of summary indicators according to the "The Knowledge Assessment Methodology" by the World Bank, such as the index of the knowledge economy, the index of the institutional regime, the index of innovation and education. Some problems that hinder the formation of the knowledge economy in the Russian Federation are investigated, such as: low level of R&D funding, low share of internal R&D costs. The author offers his own view on the solution of these problems, contributing to the effective formation and development of the knowledge economy in the country.

Keywords: knowledge economy, knowledge, education, innovation system, technological structure, institutional environment

The article considers the accelerated development of the region, which is based on increasing innovative activity, creating new opportunities for economic growth, acquiring long-term competitive advantages in high-tech production with the help of the successfully functioning system of development institutions that ensure long-term economic growth and economic development of the region.

Keywords: institutions, development institutions, priority development, regional economy, socio-economic development, technological development, innovation, knowledge economy