Institutional Restrictions when Choosing the Policy of Innovative Development of Ukrainian Economy
Journal Title: Бізнес Інформ - Year 2015, Vol 3, Issue 0
Abstract
The article is aimed to study the institutional features of Ukraine, which restrict the implementation of innovation policy. Process of changes in the current innovation policy in the developed countries, as well as key trends in its development have been explored. Tools of innovation policy have been systematized. In the process of economic and statistical analysis of public expenditures, the tension between the innovation policy in Ukraine and the policy priorities, which are determined in the legal documents, have been identified. Using the methodology of neo-institutionalism, institutional reasons for ineffectiveness of innovation policy are disclosed, the specific «market failures» in Ukraine are defined, that requires an active role of the state in regulating the innovation sphere. As result of the study, theoretic approaches to improving innovation policy in Ukraine have been determined. The institutional limitations of the tools for direct public financing of innovation sphere have been substantiated, as well as the need to shift to the non-selective tools for innovation policy, which at the present time is not given attention.
Authors and Affiliations
Tetyana Mosiychuk
Keywords
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