BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

An Inclusive Institutional Regime is a Prerequisite for an Innovative Type of Socio-Economic Development
Tiutiunnykova S. V., Fridman O. A.

Tiutiunnykova, Svitlana V., and Fridman, Olena A. (2020) “An Inclusive Institutional Regime is a Prerequisite for an Innovative Type of Socio-Economic Development.” Business Inform 4:15–20.
https://doi.org/10.32983/2222-4459-2020-4-15-20

Section: Economic Theory

Article is written in Ukrainian
Downloads/views: 0

Download article (pdf) -

UDC 330.341.2

Abstract:
The significance of innovative development for the countries that lag behind developed countries is analyzed. Scholars around the world are actively discussing issues of inclusive economic development. The innovative type of socio-economic development becomes the basis that defines the country’s economic situation and prospects for its development in the future. Nowadays, innovations is an important factor in economic growth. Using the potential of innovation should ensure the development of economy and society. Stimulating innovation activity is one of the main development priorities of the State. Innovation development is of particular relevance for Ukraine, which suffered the greatest losses among post-socialist countries during market transformations. The country’s economy is characterized by the immaturity of market relations, low economic efficiency, lag in technical and technological development, investment and structural incompleteness of the market restructuring of the economy, is dominated by extractive institutions. The main factors that impede Ukraine’s transition to the innovative model of development are identified. The main reasons for the absence of rapid development of innovations in Ukraine include quite a high level of social tensions and low living standards of most of the population, political instability, existence of barriers in both the political and the legal planes. It is emphasized that the country’s transition to an innovative type of development is on the path of inclusive institutional transformation, which will allow to form free access to the country’s resources and the most effective means of their use. The need for transition of Ukrainian economy to a path of growth requires significant changes, creating favorable conditions for civilized promotion of new ideas to the market. Among all economic resources the creative human resources become the most important. The main source of innovation is human.

Keywords: Innovative development, institutional inclusive regime, extractive institutions, innovative entrepreneurship, population welfare.

Fig.: 1. Tabl.: 1. Bibl.: 11.

Tiutiunnykova Svitlana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Theory and Economic Management Methods, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Fridman Olena A. – Postgraduate Student, Department of Economic Theory and Economic Management Methods, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

List of references in article

Asemoglu, D., and Robinson, Dzh. Pochemu odni strany bogatyye, a drugiye bednyye [Why are Some Countries Rich and Others Poor]. Moscow: AST, 2015.
Asemoglu, D., and Robinson, Dzh. Ekonomicheskiye istoki diktatury i demokratii [The Economic Origins of Dictatorship and Democracy]. Moscow: ID VShE, 2015.
Bazylevych, V. D., and Osetskyi, V. L. “Instytutsiinyi kontsept modernizatsii finansovykh instytutiv“ [Institutional Concept of Modernization of Financial Institutions]. Finansy Ukrainy, no. 5 (2013): 19-30.
Bobukh, I. M., and Shchehel, S. M. “Stratehichni oriientyry ekonomichnoho zrostannia Ukrainy: inkliuzyvnist yak kliuchovyi priorytet“ [Strategic Guidelines for Ukraine's Economic Growth: Inclusiveness as a Key Priority]. Visnyk Natsionalnoi akademii nauk Ukrainy, no. 7 (2018): 55-70.
Hrytsenko, A. A. “Ekonomika Ukrainy na shliakhu do inkliuzyvnoho rozvytku“ [Ukraine's Economy on the Path to Inclusive Development]. Ekonomika i prohnozuvannia, no. 2 (2016): 9-23.
Yeshchenko, P. S. “Ekonomicheskiy rost bez razvitiya: prichiny i puti innovatsionnogo preobrazovaniya ekonomiki“ [Economic Growth without Development: Causes and Ways of Innovative Transformation of the Economy]. Ekonomika Ukrainy, no. 10 (2013): 4-21.
[Legal Act of Ukraine]. http://search.ligazakon.ua/l_doc2.nsf/link1/JH6YF00A.html
Yaremenko, O. “Liberalizm, ekonomichna svoboda i derzhava“ [Liberalism, Economic Freedom and the State]. Ekonomika Ukrainy, no. 12 (2010): 4-15.
Global Innovation Index 2019. https://www.wipo.int/publications/ru/details.jsp?id=4434
“Overview Ukraine. The Vienna Institute for International Economic Studies“. Wiiw. https://wiiw.ac.at/ukraine-overview-ce-14.html
Ranieri, R., and Ramos, R. A. “Inclusive Growth: Building up a Concept“. In Working Paper. 104. Brazil: International Policy Centre for Inclusive Growth, 2013.

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster