DEVELOPMENT OF INNOVATIVE ACTIVITY AS A FACTOR OF ECONOMIC GROWTH IN UKRAINE

Abstract

The article argues the role of the innovative type of development as the foundation that determines the country's economic power and its prospects in the world market. The purpose of the study is to consider the main indicators of innovative development and the rationale for rating assessing innovative activities of the country, international comparisons of the development of research and innovation. A study of literary sources and approaches to solving the problem of innovative development showed that many of its aspects require constant monitoring and analysis. Necessary and relevant is the further study of the state, trends, structural changes, the effectiveness of innovation in all areas of the economy. The research of the processes of innovative activity in the article was carried out in the following logical sequence: the international experience of determining the ranking of innovative countries of the world was considered; an overview of the system of international indices of innovative development; The methodology for calculating the Global Innovation Index is considered; compares the components of the Global Innovation Index for selected countries of the world and Ukraine; assessed the strengths and weaknesses of the innovation system of Ukraine. The methodological tools of the study were the methods of statistical analysis; the period of the study was selected from 2010 to 2019. The innovation activity in Ukraine was chosen as the research object, since the effectiveness of the innovation sphere is a decisive factor in ensuring the competitiveness of the economy. The article presents the results of a statistical study, which indicate that in Ukraine there is no clear tendency for the progressive development of innovative activity, a sharp drop replaces positive changes in the dynamics in innovative activity. Such fluctuations in innovation processes are explained by many reasons: a reduction in financing as a percentage of GDP, a decrease in investment, a reduction in the number of industrial enterprises and others. The results of the study may be useful for management structures dealing with the restoration and development of national economies, for entrepreneurs and businessmen who are deciding on the issues of attracting investments and expanding production, and for economists dealing with problems of innovative development.