IDEAS home Printed from https://ideas.repec.org/a/bal/journl/2256-074220184234.html
   My bibliography  Save this article

The Research Of Methodological Ways For Increasing The Efficiency Of Use Of The Innovative Potential Of Regional Social And Economic Systems

Author

Listed:
  • Dmytro Solokha

    (Department of Economics, Kyiv National University of Culture and Arts, Ukraine)

  • Mariia Kovalоva

    (Department of Economics, Kyiv National University of Culture and Arts, Ukraine)

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.

Suggested Citation

  • Dmytro Solokha & Mariia Kovalоva, 2018. "The Research Of Methodological Ways For Increasing The Efficiency Of Use Of The Innovative Potential Of Regional Social And Economic Systems," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(2).
  • Handle: RePEc:bal:journl:2256-0742:2018:4:2:34
    DOI: 10.30525/2256-0742/2018-4-2-235-244
    as

    Download full text from publisher

    File URL: http://www.baltijapublishing.lv/index.php/issue/article/view/406/pdf
    Download Restriction: no

    File URL: http://www.baltijapublishing.lv/index.php/issue/article/view/406
    Download Restriction: no

    File URL: https://libkey.io/10.30525/2256-0742/2018-4-2-235-244?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    efficiency; development; potential; region; socio-economic system; management; innovation; investment;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • D26 - Microeconomics - - Production and Organizations - - - Crowd-Based Firms
    • H00 - Public Economics - - General - - - General
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bal:journl:2256-0742:2018:4:2:34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anita Jankovska (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.