Abstract

The article substantiates the role of artificial intelligence in procuring the management of innovation and structural transformation of the economy. The analysis of structural shifts in gross value added in the economy of Ukraine during 2002–2019 is carried out. Solow’s residuals are calculated for the primary, secondary and tertiary sectors. The expediency of managing the innovative and structural transformation of Ukraine's economy on the basis of changes in the level of Solow's residual in that sector and in the period of time determined by big data analysis by artificial intelligence is proved. A VAR model was built in the EViews environment for Solow’s residuals in three sectors of the Ukrainian economy. Based on variance decomposition and IRF, it is established that increasing the share of intermediate consumption by the secondary sector of education, ICT, professional, scientific and technical services will increase Solow's residual in the secondary sector in two years, in the tertiary sector in three years and in the primary sector in four years, which will affect the increase in output in Ukraine during these three years.

Highlights

  • In today's world, innovation is an integral part of economic growth, and innovative development is the basis for ensuring long-term prosperity

  • Despite the breadth of the concept of “digital technology”, in this study attention is paid to the use of artificial intelligence in modeling changes in the sectoral structure of the economy to form an innovative model of development

  • It should be noted that the dynamic characteristics are important in the analysis of changes in the national economy in terms of primary, secondary and tertiary sectors, because the current trends allow to identify potential deviations from the desired trajectory of development

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Summary

Introduction

In today's world, innovation is an integral part of economic growth, and innovative development is the basis for ensuring long-term prosperity. The use of digital technologies in various socio-economic spheres promotes innovative development, and serves as a mean of managing changes in the sectoral structure of the economy. In this aspect, the digital technologies is important tool for ensuring the innovative and structural transformation of the primary, secondary and tertiary sectors of the economy. The research of digital technologies importance in the transformation processes of the Ukrainian economy is devoted to the research of the following scientists: Kraus N., Kraus K., Pigarev Y., Kosteniuk N., Putzenteilo P., Humeniuk O., Tulchynska S., Korzun L. and others. Despite the breadth of the concept of “digital technology”, in this study attention is paid to the use of artificial intelligence in modeling changes in the sectoral structure of the economy to form an innovative model of development

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