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The Cross-Cutting Analysis of Measures to Improve the Competitiveness of Innovation and Investment Activities
Romanko O. P.

Romanko, Olga P. (2020) “The Cross-Cutting Analysis of Measures to Improve the Competitiveness of Innovation and Investment Activities.” Business Inform 2:134–140.
https://doi.org/10.32983/2222-4459-2020-2-134-140

Section: Regional Economy

UDC 330.341.1:332.122

Abstract:
The article is aimed at analyzing regional development strategies and projects and their implementation activities for the western regions of Ukraine. As the Strategy is the basis of elaborated and promising regional economic and social development programs, taking into account the opportunities and needs of the regions themselves, it is becoming the only source of measures to improve competitiveness. The innovation and investment direction of the region development is partially covered in the second part of the Strategy, which focuses on stimulating the development of small and medium-sized businesses in the region, the tourism sector of the region; attracting external and internal investment; increase in the activity of innovative consumption in all sectors of the economy, but this is insufficient level of support for innovation and investment activities, mainly experiencing an indirect influence. According to the analysis, the orientation of projects and measures aimed at innovation and investment activities in the region is characterized, allocating their advantages and disadvantages for the western regions. All measures of innovative and investment development of the region’s economy are grouped by the following directions: industry direction; vitalization of innovation and investment activities; consumption of the results of innovation and investment activities, allowing to allocate all directions of development of this sphere at the regional level. This system of recommendations provides a clear example of whether the presence or absence of a comprehensive vision of the implementation of the policy of innovation and investment regional activities, which, in turn, is one of the locomotives in the progressive development of the national economy. The recommendations can be used by management entities to optimize competitive advantage in the tactical and strategic periods.

Keywords: regional development strategy, innovation and investment activities, measures to improve the competitiveness of innovation and investment activities.

Tabl.: 1. Bibl.: 8.

Romanko Olga P. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Theory of Economics and Management, Ivano-Frankivsk National Technical University of Oil and Gas (15 Karpatska Str., Ivano-Frankіvsk, 76019, Ukraine)
Email: [email protected]

List of references in article

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“Upravlinnia innovatsiiamy : dopovid konsaltynhovoi kompanii «Deloid» 2018“ [Innovation Management: Report of Deloid Consulting Company 2018]. https://www2.deloitte.com/ua/uk/pages/financial-services/solutions/investment-management.html
“Stratehiia rehionalnoho rozvytku Lvivskoi oblasti na period do 2020 roku“ [Strategy of Regional Development of Lviv Region for the Period up to 2020]. http://dfrr.minregion.gov.ua/foto/projt_reg_info_norm/2016/05/146_dod_Strategiya_2020.pdf
“Dovidnyk prohram biudzhetnoi pidtrymky rehioniv v Ukraini Yevropeiskym Soiuzom“ [Directory of Budget Support Programs for Regions in Ukraine by the European Union]. http://www.minregion.gov.ua/wp-content/uploads/2017/04/Programi-regionalnogo-rozvitku_do-postanovi-KMU_821.pdf
Havryliuk, O. V. “Investytsiinyi imidzh ta investytsiina pryvablyvist Ukrainy“ [Investment Image and Investment Attractiveness of Ukraine]. Finansy Ukrainy, no. 3 (2008): 79-93.

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