CUMULATIVE MODEL OF INCREASING GROSS VALUE ADDED OF THE HIGH-TECH SECTOR OF THE NATIONAL ECONOMY

О.А Iermakova

doi:10.31520/ei.2021.23.3(80).110-116

Abstract

Topicality. The high-tech sector plays a crucial role in the socio-economic development of the world's states and is a key factor in their competitiveness. Ukraine is a state with a strong scientific and innovative potential, which is able to provide access to the world's leading positions. However, Ukraine lags significantly behind in the development of its high-tech sector from many other countries of the world, which requires the development of strategic measures to overcome the current situation.Aim and tasks. Based on the analysis of mutual influence of gross value added of the high-tech sector and the reproductive process of the national economy on an innovative basis to develop a conceptual basis for the formation of a system of incentives for increasing the gross value of high-tech areas of entrepreneurial activity.Research results. The article reveals the role of high-tech sector in the national economy and on this basis a cumulative model of increasing gross value of the high-tech sector of the national economy is proposed. The model reveals appropriate mutual influences and allows to approach the development of incentives for increasing the gross value of the high-tech sector from systemic positions.Conclusion. Gross value added, created by the high-tech sector, is a source of competitive advantages for the national economy: it provides a technological basis for innovation development of all sectors of the economy, workplaces for highly skilled labor, reduction of capital outflow due to the involvement of its investment in innovation activities, increase of budget revenues. Stimulating the development of the high-tech sector should be systematic and cover all elements of the cumulative model of increasing gross value added of the high-tech sector of the national economy, namely: foreign economic integration, increase of productivity of domestic industries on an innovative basis, increase financial resources for expanded reproduction of innovation potential and development of the innovation system.

Highlights

Gross value added, created by the high-tech sector, is a source of competitive advantages for the national economy: it provides a technological basis for innovation development of all sectors of the economy, workplaces for highly skilled labor, reduction of capital outflow due to the involvement of its investment in innovation activities, increase of budget revenues
The logic of the cumulative effect is as follows: increase in gross value added of the high-tech sector - usage of technologies by domestic enterprises of all sectors – increase of productivity of domestic enterprises on an innovation basis - increase in financial resources for expanded reproduction of innovation potential - increase in expenditures for the development of national and regional innovation systems intensification of innovation activities - increase in gross value added of the high-tech sector
In order to disclose the mutual influences of increasing the gross value of the high-tech sector and the reproduction of the national economy on the innovation basis, a cumulative model of increasing gross value of the high-tech sector of the national economy is proposed, the logic of which is as follows: increase in gross value added of the high-tech sector - usage of technologies by domestic enterprises of all sectors

Summary

Conclusion

Gross value added, created by the high-tech sector, is a source of competitive advantages for the national economy: it provides a technological basis for innovation development of all sectors of the economy, workplaces for highly skilled labor, reduction of capital outflow due to the involvement of its investment in innovation activities, increase of budget revenues. Gross value added, created by a high-tech sector of Ukraine, is a source of competitive advantages for the national economy, namely:. - creation of a technological basis for innovation development of sectors of the economy: in 2019 the share of the use of high-tech sector products in the total volume of all sectors amounted to 9.5%;. - creation of workplaces for highly skilled workers: in 2019 the share of labor costs of the high-tech sector in the total volume of all sectors amounted to 8.7%;.

C30. Production of other vehicles

Increasing of gross value added of the high-tech sector

Increasing the productivity of domestic industries on the innovation basis

Development of the innovation system

Findings

Conclusions and perspectives of further research