SOCIAL INNOVATIONS AS A STRATEGIC DIRECTION OF THE DEVELOPMENT OF INNOVATIVE ACTIVITY IN UKRAINE AND THE FINANCIAL MECHANISM OF THEIR IMPLEMENTATION
Abstract
Kryukova I.A. SOCIAL INNOVATIONS AS A STRATEGIC DIRECTION OF THE DEVELOPMENT OF INNOVATIVE ACTIVITY IN UKRAINE AND THE FINANCIAL MECHANISM OF THEIR IMPLEMENTATION
Purpose. The aim of the article is to substantiate the directions of social innovations and the model of the financial mechanism for their support in Ukraine on the basis of a synthesis of modern world practice of innovative activity.
Methodology of research. A combination of cabinet and field research methods are used in writing the article. In particular, the methods of theoretical generalization: analysis, synthesis, abstract and logical method (when substantiating the essential features of social innovations and the model of the financial mechanism for their implementation); economic and statistical methods (when assessing the dynamics of costs for financing scientific research in the world); empirical research methods (in determining key areas for implementing social innovations in Ukrainian companies, taking into account leading domestic experience and international European practices); methods of graphic representation of the obtained research results. The main essential characteristics of social innovation are identified.
Findings. It is determined that social innovation in modern conditions is one of the indispensable factors in the development of innovation and ensuring stable economic and social development of leading countries. The current level of innovative activity and the state of financial support of scientific developments of the leading countries of the world are analyzed here. The main essential characteristics of social innovations are identified. The key areas of social innovations in national companies for the future are substantiated, in particular, in human capital.
Originality. Characteristic of the main essential features of social innovation was further developed. The model of the financial mechanism for implementing social innovations, taking into account leading domestic experience and world practice, is proposed.
Practical value. The trends and priorities for financing research and development resulting from the conducted research are important and useful in the context of defining strategic objectives and areas of financial support for innovative activity in Ukraine. The proposed model of the financial mechanism for implementing social innovations can become a guideline for substantiating the sources, tools and levers of financing the innovation activities of domestic companies.
Key words: innovative activity; innovations; social innovations; financial support; financial mechanism; human capital; companies.Keywords
Full Text:
References
“Global Innovation index 2019”, available at: https://www.globalinnovationindex.org/analysis-indicator (access date February 01, 2020).
Shqipe, G. and Veland, R. (2010), “The Impact of Innovation into the Economic Grows”, available at: https://mpra.ub.uni-muenchen.de/22270/1/MPRA_paper_22270.pdf (access date February 01, 2020).
“Eurostat”, available at: https://appsso.eurostat.ec.europa.eu/nui/setupBookmark.do (access date February 01, 2020).
State Statistics Service of Ukraine (2019), Naukova ta innovatsiina diialnist krainy. 2018: statystychnyi zbirnyk [Scientific and innovative activity of the country. 2018: Statistical yearbook], Kyiv, Ukraine, 106 p., available at: http://www.ukrstat.gov.ua/druk/publicat/kat_u/2019/zb/09/zb_nauka_2018.pdf (access date February 01, 2020).
Ryzhykova, N.I. (2017), Upravlinnia innovatsiino-investytsiinoiu diialnistiu pidpryiemstv ta obiednan ahropromyslovoho vyrobnytstva: stratehii, mekhanizmy ta instrumentarii [Management of innovation and investment activities of enterprises and associations of agricultural production: strategies, mechanisms and tools], monograph, VTD “Smuhasta typohrafiia”, Kharkiv, Ukraine, 400 p.
Fonseca, T., Faria, P. and Lima, F. (2019), “Human capital and innovation: the importance of the optimal organizational task structure”, Research Policy, no. 48, pp. 616-627.
Griliches, Z. (1997), “Education, human capital and growth: a personal perspective”, Journal of Labor Economics, no. 15, pp. 330-344, available at: https://ideas.repec.org/s/ucp/jlabec.html (access date February 01, 2020).
Asteriou, D. and Agiomirgianakis, G.M. (2001), “Human capital and economic growth: time series evidence from Greece”, Journal of Policy Modeling, no. 5, pp. 481-489, available at: http://www.econmodels.com/public/index.php (access date February 01, 2020).
Hansson, B., Johanson, U and Leitner, K. (2000), “The impact of human capital and human capital investments on company performance: evidence from literature and European survey results”, Journal American Economic Review, no. 5, pp. 1184-1208, available at: https://www.aeaweb.org/journals (access date February 01, 2020).
Hahn, J. and Andor, L. (2013), Guide Social Innovation. Regional and Urban Policy, European Commission, Brussels, Belgium, 71p.
“Social Innovation Community”, available at: https://www.siceurope.eu/about-sic/what-socil-innovation/what-social-innovation (access date February 01, 2020).
“Center for social innovation. Stanford business”, available at: https://www.gsb.stanford.edu/ faculty-research/centers-initiatives/csi/defining-social-innovation (access date February 01, 2020).
Boiko-Boichuk, L.V. (2009), “The concept of "social innovation": types of definitions, examples of use”, Nauka ta innovatsii, Vol. 5, no. 3, pp. 94-99.
Yakovets, Yu. (2004), Mnogolikost innovatsiy [The many faces of innovation], Ekomonika, Moscow, Russia, 444 p.
Fedulova, L.I. “Social innovations in the system of social and economic relations”, available at: http://www.archive.nbuv.gov.ua/portal/soc_gum/usoc/2008_3/60 (access date February 05, 2020).
“How to Evaluate Impact of Social Innovations Programs”, available at: https://www.sopact.com/ perspectives/social-innovation-programs-evaluation (access date February 01, 2020).
Krasnorutskyi, O.O., Hryn, Ye.L. and Vlasenko, T.A. (2018), “Scientific and theoretical substantiation of the essence of strategic changes in the enterprise”, Ekonomichnyi visnyk Universytetu, Iss. 38, pp. 53-63.
Cuppoza, C. and Divella, M. (2019), “Human capital and firms’ innovation: evidence from emerging economies”, Journal Economics of Innovation and New Technology, no. 28, pp. 741-757.
DOI: https://doi.org/10.37332/2309-1533.2020.1-2.3
Refbacks
- There are currently no refbacks.
INNOVATIVE ECONOMY 2006 - 2024