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Substantiating the Recommendations for the State Financing of Innovative Economic Development
Dymchenko O. V., Yesina V. O., Rudachenko O. O., Tararuiev I. O.

Dymchenko, Olena V. et al. (2021) “Substantiating the Recommendations for the State Financing of Innovative Economic Development.” Business Inform 11:90–96.
https://doi.org/10.32983/2222-4459-2021-11-90-96

Section: Innovative Processes

UDC 330.341.1:336.6(477)

Abstract:
The article is aimed at substantiating the practical recommendations for defining the amount of financing for innovative economic development by type of economic activity of economic entities. The article analyzes actual works on the chosen topic and formulates a conclusion on the need for scientific recommendations on defining the amount of the State financing for the innovative development of economic entities. Based on the analysis of official statistical information, the publication calculates the indicators reflecting the innovative activity of enterprises, the efficiency of their innovation activities, the introduction of new products and their interaction with European partners. To ensure the correctness of the comparison of computed indicators, the article determines the indices, which represent the ratio of indicators and their average values for Ukraine. Based on the generalization of indices, the integral indicator of financing the innovations is determined. The results of ranking the types of economic activity, depending on the values of this indicator, allows to determine that the most promising of them are the mining and processing industry. According to the results of the application of the integral indicator of financing innovations as a base for the distribution of the State funds, the article defines structural indicators for calculating the absolute value of the State-owned funds directed towards the innovative economic development by types of economic activity. A promising direction of research is the formulation of recommendations for assessing the innovative potential of the economy, subject to the addition of official data describing the innovative activities in Ukraine.

Keywords: innovative development, innovative activity, integral indicator of financing innovations, share of the State financing for innovations.

Fig.: 1. Tabl.: 3. Formulae: 6. Bibl.: 10.

Dymchenko Olena V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Entrepreneurship and Business Administration, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Yesina Valeriya O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Rudachenko Olhа O. – Doctor of Sciences (Economics), Associate Professor, Associate Professor, Department of Entrepreneurship and Business Administration, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Tararuiev Iurii O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Entrepreneurship and Business Administration, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

List of references in article

Naukova ta innovatsiina diialnist v Ukraini : statystychnyi zbirnyk [Scientific and Innovative Activity in Ukraine: Statistical Collection]. Kyiv: DP «Informatsiino-vydavnychyi tsentr Derzhstatu Ukrainy», 2021.
Stefkivskyi, V. F., and Bulyhina, K. A. “Finansuvannia innovatsiinoi diialnosti v Ukraini“ [Financing Innovation Activity in Ukraine]. Aktualni problemy ekonomiky ta upravlinnia. 2017. http://ape.fmm.kpi.ua/issue/view/6116
Kobushko, I. M. Kolesnyk M. Ye. “Analiz dzherel finansuvannia innovatsiinoi diialnosti“ [Analysis of the Financial Sources for Innovative Activity]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Seriia «Ekonomichni nauky». 2015. http://www.ej.kherson.ua/journal/economic_12/47.pdf
Komchatnykh, O. V. “Finansuvannia innovatsiinoho rozvytku transportnykh pidpryiemstv Ukrainy“ [Financing Innovative Development of Ukrainian Transport Enterprises]. Hlobalni ta natsionalni problemy ekonomiky. 2018. http://global-national.in.ua/archive/22-2018/78.pdf
Manaienko, I. M., and Kravets, A. I. “Finansuvannia innovatsiinoi diialnosti pidpryiemstv: ukrainski realii ta dosvid YeS“ [Financing of Innovative Activity of Enterprises: Ukrainian Realities and European Experience]. Infrastruktura rynku. 2018. http://www.market-infr.od.ua/journals/2018/15_2018_ukr/19.pdf
Matiushenko, I. Yu., Khaustova, V. Ye., and Kniaziev, S. I. “Instytutsiina pidtrymka naukovo-innovatsiinoho rozvytku pry formuvanni yedynoho doslidnytskoho prostoru v krainakh YeS i Ukraini“ [Institutional Support of Innovative R&D in the Formation of Single Research Area in the EU and Ukraine]. Nauka ta innovatsii, vol. 13, no. 2 (2017): 5-26. DOI: https://doi.org/10.15407/scin13.02.005
Pochtoviuk, A. B. “Finansove zabezpechennia innovatsiinoi diialnosti pidpryiemstv u suchasnykh umovakh“ [Financial Support for Innovation Activities Enterprises in Modern Conditions]. Naukovyi visnyk Poltavskoho universytetu ekonomiky i torhivli. Seriia «Ekonomichni nauky». 2016. http://journal.puet.edu.ua/index.php/nven/article/view/1382/1217
Tarasiuk, M. V., and Maliarchuk, O. V. “Suchasnyi stan realizatsii innovatsiinoi polityky Ukrainy ta yii finansove zabezpechennia“ [Modern Innovation Policy in Ukraine: Implementation and Financing]. Ekonomika ta derzhava. 2017. http://www.economy.in.ua/pdf/1_2017/6.pdf
Yaremyk, M. M. “Osoblyvosti finansovoho zabezpechennia innovatsiinoi diialnosti v Ukraini“ [Features of Financial Support of Innovation Activity in Ukraine. Efektyvna ekonomika. 2017. http://www.economy.nayka.com.ua/?op=1&z=5980
Babayev, V. M. et al. “Potential of Business Entities: Essence, Assessment and Role in National Development“. Sofia: VUZF Publishing House “St. Grigorii Bogoslov”, 2021. https://dspace.uzhnu.edu.ua/jspui/bitstream/lib/33982/1/Coll-mon-VUZF-10_03_2021.pdf

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