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The Influence of Innovation Activities of Enterprises on the Development of the National Economy of Ukraine
Tomakh V. V.

Tomakh, Viktoriia V. (2020) “The Influence of Innovation Activities of Enterprises on the Development of the National Economy of Ukraine.” Business Inform 4:96–102.
https://doi.org/10.32983/2222-4459-2020-4-96-102

Section: Innovative Processes

UDC 330.34.001.76 (477)

Abstract:
In modern conditions, the steady development of any of the national economies is not possible without timely and qualitative introduction of innovation activity. The timely use of innovations is the key to obtaining new and preservation of existing competitive advantages of individual enterprises and the economy in general. The article is aimed at researching the impact of innovation activity on national economies in individual countries. The article examines the influence of indicators of innovation activity on change of gross domestic product (GDP) per capita in Ukraine for the period from 2010 to 2018. With the use of correlation analysis, four indicators were selected from the list of indicators of innovation activity, namely: percentage of innovation-active industrial enterprise to the total number of industrial enterprises; percentage of financing the innovative activities of industrial enterprises to GDP; percentage of industrial enterprises that have introduced innovations (products and/or technological processes), to the total number of industrial enterprises and the percentage of sales of innovative products to the total volume of sales of industrial products (goods, services). With the help of regression analysis, the model of dependency of GDP per capita on the indicators of innovation activity was built, which showed the necessity of control over the targeted use of financing the innovation activity.

Keywords: innovations, innovative activities, national economy, GDP, competitiveness, growth.

Fig.: 3. Tabl.: 3. Bibl.: 10.

Tomakh Viktoriia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management, Logistics and Economics, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

List of references in article

Derzhavna sluzhba statystyky Ukrainy. http://www.ukrstat.gov.ua/
Ivanilov, O. S., and Syromiatnykova, A. H. “Metodychnyi pidkhid shchodo kompleksnoho analizu innovatsiinoi diialnosti pidpryiemstva“ [Methodical Approach to the Complex Analysis of Innovative Activity of the Enterprise]. Ekonomichna stratehiia i perspektyvy rozvytku sfery torhivli ta posluh. 2013. http://nbuv.gov.ua/UJRN/esprstp_2013_1%282%29__13
Kraus, N. M. Innovatsiina ekonomika v hlobalizovanomu sviti: instytutsionalnyi bazys formuvannia ta traiektoriia rozvytku [Innovative Economy in a Globalized World: the Institutional Basis of Formation and the Trajectory of Development]. Kyiv: Ahrar Media Hrup, 2019.
Andreea, M. P., Olivera, E. O., and Simona, F. S. “Innovation and economic growth: An empirical analysis for CEE countries“. Procedia Economics and Finance, vol. 26 (2015): 461-467.
Archibugi, D., Filippetti, A., and Frenz, M. “The impact of the economic crisis on innovation: Evidence from Europe“. Technological Forecasting & Social Change, vol. 80 (7) (2013): 1247-1260.
Global Innovation Index. https://www.globalinnovationindex.org/gii-2019-report
Kijek, T., and Matras-Bolibok, A. “The relationship between TFP and innovation performance: evidence from EU regions. Equilibrium. Quarterly“. Journal of Economics and Economic Policy, no. 14 (4) (2019): 695-709.
Knoema. https://knoema.com/
Liubkina, O. et al. “Financial Instruments of Stimulating Innovative Activities of Enterprises and Their Improvements“. Marketing and Management of Innovations, no. 4 (2019): 336-352.
Lomachynska, I., and Podgorna, I. “Innovation potential: impact on the national economy's competitiveness of the EU developed countries“. Baltic Journal of Economic Studies, vol. 4, no. 1 (2018): 262-270.

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