IDEAS home Printed from https://ideas.repec.org/a/vrs/mtrbid/v45y2023i2p133-141n1.html
   My bibliography  Save this article

Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation

Author

Listed:
  • Khanin Semen

    (1 Assoc. Prof., PHEI “Academician Yuriy Bugay International Scientific and Technical University”, Kyiv, Ukraine)

  • Kovalchuk Svitlana

    (2 Dr. Prof., Khmelnytskyi Cooperative Trade and Economic Institute, Khmelnytskyi, Ukraine)

  • Yakymova Nataliia

    (3 Assoc. Prof., Vasyl Stus Donetsk National University, Vinnytsia, Ukraine)

  • Harvat Olha

    (4 Assoc. Prof., Khmelnytskyi National University, Khmelnytskyi, Ukraine)

  • Taranych Andrii

    (5 Assoc. Prof., Vasyl Stus Donetsk National University, Vinnytsia, Ukraine)

Abstract

The purpose of the article is to substantiate the theoretical and conceptual foundations of modeling the influence of intellectual and innovative determinants on the economic systems’ development in the conditions of the creative economy formation. It is proposed to use the approach of economic-mathematical modeling in the form of simulation modeling of the intellectual-innovative development of economic systems in the conditions of the creative economy formation. Simulation modeling involves modeling the effects of three constituent blocks: “economic system”, “innovative processes”, “creative potential”. The calculation of the integral indicator of the development of intellectual and innovative determinants of economic systems in the conditions of the creative economy formation makes it possible to forecast indicators of the economic system’ development. The proposed approach was tested in relation to the economic system of Ukraine.

Suggested Citation

  • Khanin Semen & Kovalchuk Svitlana & Yakymova Nataliia & Harvat Olha & Taranych Andrii, 2023. "Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 45(2), pages 133-141, June.
    • Handle: RePEc:vrs:mtrbid:v:45:y:2023:i:2:p:133-141:n:1
    DOI: 10.15544/mts.2023.14
    as

    Download full text from publisher

    File URL: https://doi.org/10.15544/mts.2023.14
    Download Restriction: no
    File URL: https://libkey.io/10.15544/mts.2023.14?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
    ---><---

    References listed on IDEAS

    as
    1. George Martinidis & Nicos Komninos & Arkadiusz Dyjakon & Stanislaw Minta & Małgorzata Hejna, 2021. "How Intellectual Capital Predicts Innovation Output in EU Regions: Implications for Sustainable Development," Sustainability, MDPI, vol. 13(24), pages 1-19, December.
    2. Olha Popelo & Maksym Dubyna & Nataliia Kholiavko, 2021. "World Experience In The Introduction Of Modern Innovation And Information Technologies In The Functioning Of Financial Institutions," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(2).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Huifang E & Shuangjie Li & Liming Wang & Huidan Xue, 2023. "The Impact of ICT Capital Services on Economic Growth and Energy Efficiency in China," Energies, MDPI, vol. 16(9), pages 1-21, May.
    2. Havrylchenko Olena & Polozova Tetiana & Bilyk Victoria & Pokanievych Yurii & Larionova Katerina, 2023. "Innovation-Investment Mechanism of the Economicentities Development in the Conditions of Transformational Challenges," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 45(4), pages 343-351, December.
    3. Monika Barak & Rakesh Kumar Sharma, 2023. "Investigating the Impact of Intellectual Capital on the Sustainable Financial Performance of Private Sector Banks in India," Sustainability, MDPI, vol. 15(2), pages 1-21, January.
    4. Benny Lianto, 2023. "Identifying Key Assessment Factors for a Company’s Innovation Capability Based on Intellectual Capital: An Application of the Fuzzy Delphi Method," Sustainability, MDPI, vol. 15(7), pages 1-21, March.
    5. Zhu, Mingqi, 2023. "Validating resources curse hypothesis in US: Exploring the relevancy of financial market risk and technology innovation," Resources Policy, Elsevier, vol. 84(C).
    6. Popelo Olha & Dubyna Maksym & Kholiavko Nataliia & Panchenko Olena & Tarasenko Artem, 2022. "Features of the Transformation of the Regional Models of the Households’ Financial Behavior," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 44(1), pages 117-124, March.
    7. Chanchai Phonthanukitithaworn & Wutthiya Aekthanate Srisathan & Chavis Ketkaew & Phaninee Naruetharadhol, 2023. "Sustainable Development towards Openness SME Innovation: Taking Advantage of Intellectual Capital, Sustainable Initiatives, and Open Innovation," Sustainability, MDPI, vol. 15(3), pages 1-24, January.
    8. Li, Hui & Usman, Nazar & Coulibay, Megnoro Hamed & Phiri, Ruth & Tang, Xiaoying, 2022. "Does the resources curse hypothesis exist in China? What is the dynamic role of fiscal decentralization, economic policy uncertainty, and technology innovation for sustainable financial development?," Resources Policy, Elsevier, vol. 79(C).

    More about this item

    Keywords

    intellectual and innovative determinants; development; economic system; creative economy; simulation modeling;
    All these keywords.

    JEL classification:

    • C - Mathematical and Quantitative Methods
    • E - Macroeconomics and Monetary Economics
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

    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:vrs:mtrbid:v:45:y:2023:i:2:p:133-141:n:1. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.