Abstract
Review and analysis of the essence of innovative models of economic growth used in the leading countries of the world, determination of the possibility of implementing these models in reforming the national economy on its way to innovative development. The research methodology. In the process of carrying out the research, such methods were used as: comparison, generalization, scientific abstraction – when studying the economic essence of categories; dialectical and historical – when the theory of innovative development and innovative model is investigated; system approach – when determining the characteristics of the nature of the innovative model concept; abstract and logical – for formulating conclusions and proposals. The research results. The role of innovation as a more important factor for the creation and implementation of business products and production processes that are new for enterprises is studied. This acquired a template meaning and caused the emergence of an innovative model of economic growth in the conditions of globalization processes. The significance of the innovative model of the development of the world's economies is determined by the rapid growth of the influence of information provision of innovative activity, scientific and technical progress and the development of the innovative market environment. The formation of an innovation model is the initial stage of building a post-industrial society, the basis of which is the acquisition and use of new knowledge, taking into account the main subsystems of the state innovation model and the interaction of its elements, such as macroeconomic policy, legislation, education, the system of generation and dissemination of knowledge, infrastructure, production, market. Emphasis is placed on changing the operating conditions of the main economic institutions in connection with the globalization of the innovative economy. Scientific novelty of the research results. There was further development of research into the content and essence of the innovative model of economic growth, in particular the goal and key elements, the use of methods and ways of digitization and the creation of innovative infrastructure. Practical significance of research results. The results of the conducted research can be used for the development and implementation of an innovative model of economic growth with the aim of integration into the global competitive space.
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