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Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation

Author

Listed:
  • Khanin Semen

    (Assoc. Prof., PHEI “Academician Yuriy Bugay International Scientific and Technical University”, Kyiv, Ukraine)

  • Kovalchuk Svitlana

    (Dr. Prof., Khmelnytskyi Cooperative Trade and Economic Institute, Khmelnytskyi, Ukraine)

  • Yakymova Nataliia

    (Assoc. Prof., Vasyl Stus Donetsk National University, Vinnytsia, Ukraine)

  • Harvat Olha

    (Assoc. Prof., Khmelnytskyi National University, Khmelnytskyi, Ukraine)

  • Taranych Andrii

    (Assoc. Prof., Vasyl Stus Donetsk National University, Vinnytsia, Ukraine)

Abstract

The purpose of the article is to substantiate the theoretical and conceptual foundations of modeling the influence of intellectual and innovative determinants on the economic systems’ development in the conditions of the creative economy formation. It is proposed to use the approach of economic-mathematical modeling in the form of simulation modeling of the intellectual-innovative development of economic systems in the conditions of the creative economy formation. Simulation modeling involves modeling the effects of three constituent blocks: “economic system”, “innovative processes”, “creative potential”. The calculation of the integral indicator of the development of intellectual and innovative determinants of economic systems in the conditions of the creative economy formation makes it possible to forecast indicators of the economic system’ development. The proposed approach was tested in relation to the economic system of Ukraine.

Suggested Citation

  • Khanin Semen & Kovalchuk Svitlana & Yakymova Nataliia & Harvat Olha & Taranych Andrii, 2023. "Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 45(2), pages 133-141, June.
    • Handle: RePEc:vrs:mtrbid:v:45:y:2023:i:2:p:133-141:n:1
    DOI: 10.15544/mts.2023.14
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    References listed on IDEAS

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    1. George Martinidis & Nicos Komninos & Arkadiusz Dyjakon & Stanislaw Minta & Małgorzata Hejna, 2021. "How Intellectual Capital Predicts Innovation Output in EU Regions: Implications for Sustainable Development," Sustainability, MDPI, vol. 13(24), pages 1-19, December.
    2. Olha Popelo & Maksym Dubyna & Nataliia Kholiavko, 2021. "World Experience In The Introduction Of Modern Innovation And Information Technologies In The Functioning Of Financial Institutions," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(2).
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    More about this item

    Keywords

    intellectual and innovative determinants; development; economic system; creative economy; simulation modeling;
    All these keywords.

    JEL classification:

    • C - Mathematical and Quantitative Methods
    • E - Macroeconomics and Monetary Economics
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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