| Summary: | The research objective represented in the article was conducting an analysis of long-term transformation of the Russian economy, its manifestations and consequences, a detection of transformations of innovative development and its influence on quality of life of the population. The tasks which are, also, solved in the report: an analysis of the production structure of Russian gross domestic product in terms of the ration of the industries, types of activities in the field of the material production and service sector in an economy. The article highlights the key factors fuelling problems of the quality of life in the terms of an innovative development, the influence of cyclical economic development on structural transformations and quality of life is revealed. The methodological basis for studying the relationship between the innovative development of regions and the quality of life, as well as the practical application of the results obtained, was the economics of quality. The trend of lagging behind in the development of the knowledge economy, the annual decrease in domestic spending on research and development in the Russian economy, may contribute to the strengthening of regional differentiation, further increasing the social stratification of the population due to the fall in real incomes. The application of the methodological principles of the economics of quality makes it possible to use such mechanism for assessing the region’s quality of life of the population, which allows not only to measure and standardize the quality of life indicator, but also to effectively use it for strategic management purposes.
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