Abstract
The article examines the current issues of managing the effectiveness of eco-innovations and their impact on the “company-region-state” system using the example of waste management in Ukraine. The goal of the article is to justify the choice of an effective eco-innovation financing strategy, in which the most significant socio-economic effect is achieved for the investor. Systematization of literary sources and approaches to solving the problems of innovation management enables to determine an appropriate strategy to support resource-efficient activities in the region considering the economic efficiency of eco-innovations. The choice of mathematically sound management decisions in the system “company-region-state” should be made in respect with the consequences for the sustainable development of the region. The article presents the developed approach to calculating the sequence of investment in the management of eco-innovations using the example of solid waste management. The research methods are based on systematic approach, decision theory, and the Bellman dynamic equation. The system of innovations concerning solid waste management in the city of Sumy was profoundly studied. The research empirically confirms that the most effective strategy is to build a waste sorting station using a separate waste collection. The results of the study also substantiate that the implementation of solid waste separate collection in the city of Sumy currently requires a change in investment approach. AcknowledgmentThis research was prepared as a part of the scientific project “Modeling the Transfer of Eco-Innovations in the Enterprise-Region-State System: Impact on Ukraine’s Economic Growth and Security” (No. 0119U100364) and “Development of fundamental principles of reproduction mechanism of the social and economic development during the Third industrial revolution” (No. 0118U003578), which were financed by the state budget of Ukraine.
Highlights
Sustainable development is still an urgent goal for Ukraine during the 2030 vision
The global experience of government stimulation of the transition to green economic growth, which shows that the levers of state regulation are effective when applied and targeted differently depending on the specifics of innovations and management (Shkarupa, Sineviciene, & Sysoyeva, 2018)
Waste throughout the national economy, and the Separate collection of municipal solid waste is careconomic effect of the use of waste on a particular ried out to reduce the amount of landfilled solid entity
Summary
Sustainable development is still an urgent goal for Ukraine during the 2030 vision. The global experience of government stimulation of the transition to green economic growth, which shows that the levers of state regulation are effective when applied and targeted differently depending on the specifics of innovations and management (Shkarupa, Sineviciene, & Sysoyeva, 2018). Niche eco-innovations at the level of individual households, companies, and institutions are aimed at solving a specific, practical business problem (changing the level of material, energy, resource consumption of production, and/or consumption) With their expansion, geographical and sectoral diversification, the potential for their impact on economic development in the system “company-region-state” increases (carbon productivity increases, GDP per unit of energy consumption increases, and other indicators of green growth of the national economy) become beneficiaries of these entities that have introduced niche eco-modernization, and a much wider range of stakeholders (local communities, territorial communities, government organizations, investors, society at large). Environmental impacts. Blomsma (2018) shows how to constructively engage with waste and resource management frameworks by clarify-
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