THE INTERACTION BETWEEN INSTITUTIONAL ENVIRONMENT AND INNOVATIVE ENTREPRENEURSHIP IN UKRAINE
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 8, Issue 161
Abstract
The integration into the European Union can't be without the perception of European values and criteria of economic and social progress. There is a need for developing a new approach to setting objectives and factors of economic development. This approach needs a reassessment of the place and role of innovative sphere in economic and social processes, such as the transition to innovative development of the economy, shifting the center of innovation in socio-economic system. The institutionalization of innovative sphere means transforming intentions entities to create an enabling environment for innovation. This means an implementation of relevant rules and regulations through the mechanisms of economic and legal regulatory authorities' activities. Poor institutional support of innovative activity in Ukraine caused by the weakness of formal institutions (property rights, intellectual property protection, financial market sophistication, technological equipment of the level of higher education and vocational education, the independence of the judiciary, government and public institutions), the imperfection of informal institutions (public confidence in the power level of public culture, the availability of human capital) and the presence of institutional traps (power, property, corruption, shadow economy). Formal institutions are the legal registration of spontaneously active informal rules (norms) caused the economic system be more stable and progressive in the economies of developed countries. The aim of the paper is to study the interaction between the institutional environment and innovative entrepreneurship in Ukraine, factors that influence its development and isolation of the most influential institutions in the development of innovative entrepreneurship in Ukraine.
Authors and Affiliations
Iryna Prylutska
Keywords
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- EP ID EP404160
- DOI 10.17721/1728-2667.2014/161-8/18
- Views 78
- Downloads 0
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