BUSINESS INFORM №9-2014

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18

Section: Innovative Processes
UDC 330.341.1(477)
Pylypyuk Y. V.
Conceptualization of the Substance of the Innovative Development of the State (p. 109 - 114)
In the article the necessity for transition to innovation model of development is proved. The study aims to determine the categorical content of the term «development», to distinguish between economic growth and economic development, to assess the views of scientists on issues of innovation development. The article focuses on the theoretical problems of substantiation the relationship and the differences between the concepts of «development», «growth», «innovation development». The use of innovations is noted to be a prerequisite to economic development. Based on the analysis and synthesis of scientific publications from many scholars, is demonstrated that the financial support mechanism of innovation development is useful to help new innovative capabilities and to encourage the economic growth. As a result of the research, the author proposes his own interpretation of the innovative development concept.
Keywords: development, economic growth, economic development, innovative development
Bibl.: 32.

Pylypyuk Yaryna V. – Applicant, Department of Finance, Monetary Circulation and Credit, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Pylypyuk, Yaryna V. (2014) “Conceptualization of the Substance of the Innovative Development of the State.” Business Inform 9:109–114.

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