Open AccessDEVELOPMENT OF THE INSTITUTIONAL COMPONENT OF THE INNOVATION SYSTEM: VALUABLE INTERNATIONAL EXPERIENCE AND DIRECTIONS OF IMPLEMENTATION IN UKRAINE
Author(s) -
Viktoriia Soliar,
Anton Burdyka,
Sergiy Pylypov
Publication year - 2021
Publication title -
ekonomìka, upravlìnnâ, ìnnovacìï
Language(s) - English
Resource type - Journals
ISSN - 2410-3748
DOI - 10.35433/issn2410-3748-2021-1(28)-6
Subject(s) - ukrainian , incentive , business , economic system , product (mathematics) , economics , market economy , philosophy , linguistics , geometry , mathematics
The subject of scientific work is a set of theoretical and methodological issues of development of institutional support for innovation based on the analysis of modern experience of developed countries and the possibilities and directions of its application in the Ukrainian practice of financial and economic processes. The object of study is a system of institutions operating in the innovation sphere of the economy, taking into account the influence of incentives. The scientific novelty lies in the development of theoretical provisions and the development of recommendations of a practical nature for the development of a modern system of institutional support and stimulation of innovative development of economic entities. It is indicated that the level and results of innovation do not meet the needs of Ukraine's economy, do not provide economic growth. In this regard, the author proposes to improve the situation through the introduction of borrowed practices of the necessary institutional norms of highly developed countries, which will address a number of pressing issues. They concern both the reform of the existing domestic system of public administration and the formation of an institutional framework to support and stimulate innovative development in Ukraine in general. Institutional reform of the system of accumulation, dissemination of knowledge, their transformation into an innovative product and intellectual capital must take place, and vice versa. To do this, the article analyzes the concept of institutions and innovation, systematizes the list of institutions of innovative development and identifies features of modern changes in the institutional environment of the economy; the world experience is analyzed and the directions and measures of realization of institutional bases of stimulation of innovative activity are defined.