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Institutions of Innovative Development as a Factor of Competitive Advantages of the Country
Androsova T. V., Kulinich O. A.

Androsova, Tetiana V., and Kulinich, Oksana A. (2024) “Institutions of Innovative Development as a Factor of Competitive Advantages of the Country.” Business Inform 1:56–62.
https://doi.org/10.32983/2222-4459-2024-1-56-62

Section: Foreign Experience

UDC 330.34(477)

Abstract:
The aim of the research is to generalize the foreign experience of gaining competitive advantages by the country through institutional influence on the innovative development of the economy and to study the possibility of its application in Ukraine. In the context of global challenges that make changes in the traditional world order of economic management, when competition for leadership and maintenance of innovative competitive advantages in the international arena is intensifying, there is a need to study the impact of institutions on the innovative development of the economy of the most powerful countries of the world along with the countries catching up in development, including Ukraine. The carried out research systematized scientific views; generalized them taking into account more contemporary thoughts; the data of the ratings of competitive advantages of countries and their dimensions are analyzed; the experience of institutional development of the leading countries and the principle of consistency in building an effective national scientific and innovation system are compared. It is verified that inclusive political institutions create obstacles to the usurpation of power and generate inclusive economic institutions that provide greater stability to the country’s economy. A general rating characterization of the economic development of countries that underlie innovation and acquisition of competitive advantages in the world market is carried out. The experience of foreign countries in transforming institutions into a competitive advantage that contributes to the innovative development of the State is studied. Obstacles to the innovative development of Ukraine have been identified. It is proved that increasing the international competitiveness of the country’s economy depends on the formation of institutions of innovative development as the basis of national policy and private business. The conditions for building an innovation-type economy as a modern national innovation system of Ukraine are presented and the prospects for their further research are defined.

Keywords: institutions; innovative development; competitive advantages; national innovation system.

Fig.: 2. Bibl.: 11.

Androsova Tetiana V. – Candidate of Sciences (Economics), Professor, Professor, Department of Economics and Business, State Biotechnological University (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: [email protected]
Kulinich Oksana A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Business, State Biotechnological University (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: [email protected]

List of references in article

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Garazha, Ye. “Institutsionalizm - nauchnaia platforma dlia usovershenstvovaniia upravleniia zemelnymi resursami“ [Institutionalism - a Scientific Platform for Improving Land Management]. International Journal of New Economics and Social Sciences (IJONESS), vol. 5, no. 1 (2017): 168-180. DOI: https://doi.org/10.5604/01.3001.0010.4262
North, D. C. Institutions, Institutional Changes and the Functioning of the Economy. Cambridge University Press, 2012. DOI: https://doi.org/10.1017/CBO9780511808678
Acemoglu, D., and Robinson, J. A. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Crown Currency; Reprint edition, 2013.
Pavlenko, N. V. “Ekstraktyvni instytuty v ekonomichnii systemi Ukrainy“ [Extractive Institutions in the Economic System of Ukraine]. Instytutsiinyi rozvytok sotsialno-ekonomichnykh system: natsionalna ekonomika u hlobalnomu seredovyshchi. 2016. http://dspace.puet.edu.ua/bitstream/123456789/4324/1/Збірник-2016.pdf#page=36
“The Bloomberg innovation index“. Bloomberg 2022. https://worldpopulationreview.com/country-rankings/most-innovative-countries
Chernyshov, O. Yu., and Pavlovska, Yu. V. “Vplyv indeksu innovatsiinoho rozvytku na stan ekonomichnoho rozvytku ta biznes-seredovyshcha Ukrainy“ [The Impact of Innovation Development Index on the State of Economic Development and Business Environment of Ukraine]. Visnyk sotsialno-ekonomichnykh doslidzhen, no. 1-2 (2022): 145-162. DOI: https://doi.org/10.33987/vsed.1-2(80-81).2022.145-162
Kulinich, O. A., and Fedorenko, N. M. “Innovatsiina skladova konkurentospromozhnosti natsionalnoi ekonomiky“ [Innovative Component of the Competitiveness of the National Economy]. Ekonomichna stratehiia i perspektyvy rozvytku sfery torhivli ta posluh. 2009. https://repo.btu.kharkov.ua/bitstream/123456789/24768/1/esprstp_2009_1%282%29__11.pdf
Pluhina, Yu. A. “Problemy formuvannia natsionalnoi innovatsiinoi systemy v Ukraini“ [Problems of Forming a National Innovation System in Ukraine]. Visnyk ekonomiky transportu i promyslovosti, no. 50 (2015): 292-296.
Krylov, D. V. “Analiz reitynhovoho otsiniuvannia rozvytku innovatsiinoi diialnosti v Ukraini“ [Analysis of Rating Assessment of Innovative Activity Development in Ukraine]. Efektyvna ekonomika, no. 5 (2022). DOI: https://doi.org/10.32702/2307-2105-2022.5.8
Hrinko, A. P. et al. Metodolohiia keruvannia biznesom v umovakh tsyfrovizatsii [Methodology of Business Management in Conditions of Digitalization]. Kharkiv: Monohraf, 2022.

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