Food Industry <br />Economics

Food Industry
Economics

ISSN Print: 2312-847X
ISSN Online:2411-4111
ISO: 26324:2012

STATE INFLUENCE ON THE FORMATION OF INVESTMENT AND INNOVATION POTENTIAL OF THE ECONOMY OF UKRAINE

Tarasova O.V

Key words: innovation;innovative model of development;state management;investment and innovation potential

Page: 66-70

Abstract

The article examines the role of the state in building innovation model of economy of Ukraine. The conclusion regarding the low level of participation of Ukrainian state funding innovative model of economic development. Development of innovative sphere is characterized substantial declines in investment opportunities in state and local budgets, lack of fully formed and reliable mechanisms to attract resources from private sources of investment in technical and innovation activities. Today in Ukraine dominated redistributive processes (state budget revenues) over the real priorities of accumulation. The transition to a stable reproduction based on the use of science and technology requires fundamental changes in the system of economic relations, state measures to overcome the effects of negative factors that limit the long-term financing innovation. Even a slight economic growth and real incomes are able to promote activation long-term crediting. This requires changes in monetary policy, its subordination to the task of reviving the investment process. Enhancing innovation would increase competitiveness of domestic enterprises, increase sales and development of new product markets. All this will help update and more complete utilization of production capacity, which will streamline production processes and accelerate technological modernization of industry of Ukraine


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DOI: 10.15673/2312-847x.25/2015.38473

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