THE RESEARCH OF METHODOLOGICAL WAYS FOR INCREASING THE EFFICIENCY OF USE OF THE INNOVATIVE POTENTIAL OF REGIONAL SOCIAL AND ECONOMIC SYSTEMS
Journal Title: Baltic Journal of Economic Studies - Year 2018, Vol 4, Issue 2
Abstract
Modern conditions of the economic development based on market principles require significant changes in the system of economic governance both at national and regional levels, including in the management of inter-industry complexes, one of the most effective tools of which is the state governance. Investment and innovation policy is one of the most influential government economic methods of management of backbone enterprises in the region. The aim of state investment and innovation policy is primarily the creation of competitive environment and provision of structural changes and economic growth by improving the investment climate in the country, the development and intensification of the investment process, targeting investments in the priority sectors and programs. The importance of innovation potential in the socio-economic development of the country and regions is due primarily to the fact that the current conditions of industrial development and, as a result, the state’s and region’s economy, need a manufacturing application of innovative technologies as an indispensable condition to improve the competitiveness of the country and inter-industry complexes, among others. Providing the implementation of innovative technologies in production processes is one of the main duties of the state in the implementation of innovation policy. Thus, public authorities, both at national and regional levels, should create conditions for incentives of innovative activity, facilitating the rapid implementation of innovations in the production of specific products. The success of such processes is possible only by joint industrial, commercial, and banking capital into structures that are able to produce high-tech products, such as technopolis, technology parks, technological clusters, etc. Investments are the material basis of innovative processes. Activisation of investment activity, increased investments from all sources, and their effective use in innovation activities is a prerequisite for the sustainable economic development of Ukraine. The multidisciplinary nature of the economy indicates the need to use the relative interchangeability of the main types of productive resources in order to manage them most effectively within the enterprise, industry, and region. The quantitative measure of interchangeability of resources can be determined by establishing the functional dependence of their influence on the efficiency of production. Mathematical apparatus for the translation of multi-dimensional quantities in a comparable view is developed on the basis of existing modifications of production functions. It is determined that effective management of the development of the innovative potential of regional SES is carried out with the help of information support, which helps to obtain the synergy effect taking into account the following features: the complexity of the use of resources; complementarity of resources; interchangeability of resources. In connection with this, an interchangeability of resources has been proposed, which allows determining the variants of potential levels in the production of a certain volume of production in order to manoeuvre the resources in regional SES, which will ensure effective management of potential in general and innovative potential in particular.
Authors and Affiliations
Dmytro Solokha, Mariia Kovalova
Keywords
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- EP ID EP554479
- DOI 10.30525/2256-0742/2018-4-2-235-244
- Views 58
- Downloads 0
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