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Innovative Environment In Ukraine: Formation And Evaluation Of Development In The Conditions Of The Balanced Economic Growth

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  • Zavadska, Diana

    (Odessa National Economic University,)

Abstract

The paper notes that the success of economic policy aimed at forming a new model of Ukraine's economic growth is facilitated by a clear choice of priorities, among which the main thing is to ensure high rates of sustainable economic growth. The main components of the innovative environment of the economy are determined. The analysis of indicators of innovative development of the countries of the world for the period 2011–2017 is carried out using the Principal Components and Classification Analysis method in the Statistica 10.0 software package. The factors of influence on the innovative development of countries are determined. The advantages of structuring the innovative environment are determination of the subordination of priorities for supporting innovations by the state, business and financial market. In the course of the research, methods of systemic, theoretical generalization, analysis, comparative comparison, tabular and graphical presentation of results are used, which allows the author to prove a low level of regulation of the innovation process characteristic of the Ukrainian economy. The problems of innovative development of groups of countries with low and above average level of income according to the World Bank classification are characterized by the lack of a developed innovative environment, the implementation of the secondary role of the state as a component of the national innovative system. The peculiarity of state regulation of high-income countries is determined by the balance of innovation policy instruments. The presence of a developed institutional environment (fundamental conditions) ensures the effectiveness of financial support of the business, obtaining high results from innovations and retaining the leading position on innovative development. At the decision of the enterprises of a group of countries with a level of incomes above the average for the implementation of investments in innovative activities and further innovative development, financial markets, commodity markets and the effectiveness of the legal system are of greatest importance. It is proved that for the low-income countries the variable "Market development" has a stimulating significance for economic growth. The above, as well as fragmentation, the definition of factors of innovative development according to the Global Innovation Index, provided grounds for the author to give recommendations (integral indicator) in determining the priority of development of the content elements of the national innovative system, highlighting the importance of the state, human capital, research, financial and commodity markets in economic growth of the country, identifying sources and priorities for financing innovative development.

Suggested Citation

  • Zavadska, Diana, 2018. "Innovative Environment In Ukraine: Formation And Evaluation Of Development In The Conditions Of The Balanced Economic Growth," EUREKA: Social and Humanities, Scientific Route OÜ, issue 2, pages 19-29.
    • Handle: RePEc:nos:social:y:2018:i:2:p:19-29
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    References listed on IDEAS

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    1. Bianchi, Francesco & Melosi, Leonardo, 2019. "The dire effects of the lack of monetary and fiscal coordination," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 1-22.
    2. Michael P. Schlaile & Sophie Urmetzer & Vincent Blok & Allan Dahl Andersen & Job Timmermans & Matthias Mueller & Jan Fagerberg & Andreas Pyka, 2017. "Innovation Systems for Transformations towards Sustainability? Taking the Normative Dimension Seriously," Sustainability, MDPI, vol. 9(12), pages 1-20, December.
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