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Impact of energy innovations on the Ukraine’s economy: Strategic direction and managerial practices

Author

Listed:
  • Trofymenko Olena
  • Ilyash Olha
  • Voitko Serhii

    (National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Kyiv, Ukraine)

  • Dluhopolska Tetiana

    (West Ukrainian National University, Ternopil, Ukraine)

  • Kozlovskyi Serhii

    (Vasyl’ Stus Donetsk National University, Vinnytsia, Ukraine)

  • Hrynkevych Svitlana

    (National University “Lviv Polytechnic”, Lviv, Ukraine)

Abstract

Diversification of energy sources and innovative development of the energy sector are one of the main directions for ensuring sustainable development and decarbonization of the economy. The aim of the article is to identify connections and interactions between the parameters of energy innovation development and economic growth. Factor analysis was used for this purpose. The results and conclusions determine the most influential factors among the 5 components identified in accordance with the functional areas of innovative development of the national economy in energetics. The analysis allowed to identify the main trends in the development of factors, which allowed to identify positive and negative changes. The regularities of the influence of certain factors on energy innovations have been determined, which has allowed to provide recommendations for their further development and regulation

Suggested Citation

  • Trofymenko Olena & Ilyash Olha & Voitko Serhii & Dluhopolska Tetiana & Kozlovskyi Serhii & Hrynkevych Svitlana, 2022. "Impact of energy innovations on the Ukraine’s economy: Strategic direction and managerial practices," Economics, Sciendo, vol. 10(2), pages 27-44, December.
    • Handle: RePEc:vrs:econom:v:10:y:2022:i:2:p:27-44:n:5
    DOI: 10.2478/eoik-2022-0018
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    References listed on IDEAS

    as
    1. Moxi Song & Morgan X. Yang & Kevin J. Zeng & Wenting Feng, 2020. "Green Knowledge Sharing, Stakeholder Pressure, Absorptive Capacity, and Green Innovation: Evidence from Chinese Manufacturing Firms," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1517-1531, March.
    2. Bagheri, Mehdi & Guevara, Zeus & Alikarami, Mohammad & Kennedy, Christopher A. & Doluweera, Ganesh, 2018. "Green growth planning: A multi-factor energy input-output analysis of the Canadian economy," Energy Economics, Elsevier, vol. 74(C), pages 708-720.
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    More about this item

    Keywords

    energy innovations; multi-factor analysis; decarbonization of the economy.;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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