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Innovative Development of Economic Systems in the Digitalization Conditions

Author

Listed:
  • Yushkevych Olena

    (Dr. Assoc. Prof., Zhytomyr Polytechnic State University, 103 Chudnivska str., Zhytomyr, Ukraine)

  • Sharko Vitalii

    (Dr. Assoc. Prof., University of Trade and Economics, Vinnytsia, 78, Soborna str, Vinnytsia, Ukraine)

  • Stavroiani Serhii

    (PhD, Kyiv National University of Construction and Architecture, 4 Osvyti str., Kyiv, Ukraine)

  • Makatora Dmytro

    (Assoc. Prof., National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, 37, Prospect Beresteiskyi, Kyiv, Ukraine)

  • Yevtushenko Yurii

    (PhD, Chernihiv Polytechnic National University, 95 Shevchenko str., Chernihiv, Ukraine)

Abstract

The purpose of the study is to substantiate the directions of activation of the innovative development of economic systems in the digitalization conditions. The methodological basis of the research is the systematic approach, which makes it possible to determine the effectiveness of the functioning of the innovation system in the digitalization conditionsas a quantity qualitatively and quantitatively greater than the effectiveness of the sum of its components, to investigate the interrelationships of the system elements and the possibilities of its development, taking into account changes in the external environment. The principles of innovative development of economic systems in conditions of digitalization are highlighted, which include adaptability, creativity and digital transformation. It has been proven that the majority of innovative processes use non-linear methods of innovative development due to the formation of network systems, the development of new global markets and the use of digital technologies. The general factors restraining the innovative development of economic systems in the digitalization conditions are singled out. The need for the formation of an innovative system based on the principles of digitalization and the main approaches to its formation, which adhere to the principles of its development, are substantiated.

Suggested Citation

  • Yushkevych Olena & Sharko Vitalii & Stavroiani Serhii & Makatora Dmytro & Yevtushenko Yurii, 2024. "Innovative Development of Economic Systems in the Digitalization Conditions," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 46(1), pages 23-30, March.
    • Handle: RePEc:vrs:mtrbid:v:46:y:2024:i:1:p:23-30:n:3
    DOI: 10.15544/mts.2024.03
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    More about this item

    Keywords

    innovative activity; innovative development; economic system; digitalization; digital transformation; sustainable development;
    All these keywords.

    JEL classification:

    • D19 - Microeconomics - - Household Behavior - - - Other
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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