Financial framework of technological and innovative development: global and Ukrainian trends-Reference-Cited by-同舟云学术

Financial framework of technological and innovative development: global and Ukrainian trends

Published:2021 Issue:6(152) Volume: Page:25-31
ISSN:2071-4653
Container-title:Socio-Economic Problems of the Modern Period of Ukraine
language:uk
Short-container-title:SEPMPU

Author:

Polyakova Yuliya V.¹^ORCID,Shayda Oksana Ye.²^ORCID

Affiliation:

1. Lviv University of Trade and Economics

2. Lviv Polytechnic National University

Abstract

The article addresses the substantiation of the role of the financial framework in the innovative and technological development of the country and the possibilities of exporting high-tech products. Modern manifestations of a new innovative and technological development paradigm are outlined. The article emphasizes that today the high-tech sector is an important factor in the development of the global economy and economic systems of some countries, which is becoming especially important for Ukraine. The analysis of development trends in the export of high-tech products in the world market is carried out. The approaches used by the states to map the strategies of innovative and technological development are proven. The typology of innovative strategies of the global technology market entities depending on the influence of internal and external factors, goals and opportunities is revealed. The importance of the state policy in the process of transition to a high-tech innovative economy is emphasized. Dynamic series of the share of research and development expenditures in GDP for the EU and Ukraine in 2010-2020 are constructed. An econometric model of the dependence of high-tech exports of Ukraine on research and development expenditures is developed. As a result, the positive impact of increasing research and development costs on the growth of high-tech exports is established. The role of the "2030 Strategy for Innovation Development" approved in Ukraine in the development of the national innovation ecosystem is revealed. The project "2050 Strategy for the High-Tech Industry Development" in Ukraine is considered. The main problems of financial denial of innovative and technological development in Ukraine are highlighted. The necessity of finding a model focused on changes in the existing structure of investment, primarily in the direction of funding sources differentiation for research and development, is emphasized.

Publisher

State Institution - Institute of regional research named after M.I. Dolishniy of NAS of Ukraine

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