Legal framework of investment-innovative activity: support and obstacles
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 6, Issue
Abstract
Investment-innovative activity is a significant factor for the effective economic and social development of Ukraine. Investment-innovative activity has an impact on structural changes in the economy, resource and production potential and the development of industries and spheres of the economy. In ensuring the economy's exit from the crisis situation and its stable development, a scientifically grounded investment-innovative policy of the state plays a decisive role. Due to the fact that the volume of investments from the State budget for innovative purposes is insignificant from its total volume, the problem of searching for new non-traditional sources of investment financing becomes important. In particular, for Ukraine the issue is the search and development of schemes for attracting the population's funds to finance priority innovative projects and programs. This article determines the real sources, directions, structure of investments, rational and effective measures for the implementation of national, regional and local socio-economic and technological programs, reproduces processes at the macro and microeconomic levels. The purpose of this article is to analyze the legal framework of investment-innovative activity in Ukraine, to identify its deficiencies and determine ways to improve it. Primary problems of legal regulation of investment-innovative activity are considered. Main shortcomings of legislative framework in the investment-innovative sphere are identified. Fundamental normative legal acts of Ukraine that regulate this activity are described. Deficiencies and ways of improving the modern legislative framework for regulation of investment-innovative activity in Ukraine are identified. Elimination of shortcomings of legislative base mentioned in article will enable to attract more investment -innovative resources in economy of the country.
Authors and Affiliations
Kseniia Valeriivna Kovtunenko, Nataliia Mykolaivna Fomina
Keywords
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