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Lessons to Be Learned from Ukraine’s Positioning in International Rankings: The Need for Institutional Support and Financial Support for Economic Creativity (Pozycja Ukrainy w rankingach miêdzynarodowych – potrzeba instytutcjonalnego i finansowego wsparcia kreatywnej gospodarki)

Author

Listed:
  • Igor Britchenko

    (Higher Vocational School Memorial of Prof. Stanislaw Tarnowski in Tarnobrzeg)

  • Irena Svydruk

    (Lviv Trade and Economic University)

  • Yurii Pidlypnyi

    (Kyiv National University of Trade and Economics)

  • Oleksandr P. Krupskyi

    (Oles Honchar Dnipro National University)

Abstract

Purpose: To develop proposals on the directions of institutional support for the processes of creativity of the Ukrainian economy. Design/methodology/approach: The analysis of trends in the creativity of the Ukrainian economy is carried out and proposals are developed for conceptualizing institutional support for these processes. The authors set out to develop proposals for institutional support for creativity processes and offer recommendations for systematic updating of Ukrainian legislation in the areas of state regulation of high-tech business. The information base was the information materials of the State Statistics Service of Ukraine, Ministry of Economic Development and Trade of Ukraine, the statistical databases of the European Commission, OECD and World Bank for the period 2014–2020. The research methodology is based on scientific tools that include comparative analysis and economic and mathematical modeling. Findings: Building a national program of public investment in creative development will allow us to systematically approach the issue of institutional support for technological breakthroughs. Research limitations/implications: Recommendations on the development and improvement of legislative instruments of deregulatory policy, harmonization with European standards are substantiated. Directions of systematic updating of legislation on guaranteeing foreign investment of creative projects and targeted investment of joint research projects of academic science and creative organizations are proposed. The implementation will allow a systematic approach to the issue of institutional support for the technological breakthrough of Ukraine. Originality/value: There is a need to step up institutional activities in the field of organizing research centers, introduce targeted investment in the academic science and research activity of creative organizations.

Suggested Citation

  • Igor Britchenko & Irena Svydruk & Yurii Pidlypnyi & Oleksandr P. Krupskyi, 2020. "Lessons to Be Learned from Ukraine’s Positioning in International Rankings: The Need for Institutional Support and Financial Support for Economic Creativity (Pozycja Ukrainy w rankingach miêdzynarodow," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 18(90), pages 125-146.
    • Handle: RePEc:sgm:pzwzuw:v:18:i:90:y:2020:p:125-146
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    More about this item

    Keywords

    competitiveness; creative economy; investment; inter-state entrepreneurial interaction;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • F15 - International Economics - - Trade - - - Economic Integration
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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