SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIES

The purpose of this work is to study the quality of the innovation-investment component of the international competitiveness of EU countries and Ukraine, to reveal the potential of innovation-investment activity in ensuring the effectiveness of the national economy, as well as to substantiate the p...

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Main Authors: Olena Liutak, Olena Baula, Anatolii Tkachuk
Format: Article
Language:English
Published: Lublin University of Technology 2023-06-01
Series:Informatyka, Automatyka, Pomiary w Gospodarce i Ochronie Środowiska
Subjects:
Online Access:https://ph.pollub.pl/index.php/iapgos/article/view/3470
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author Olena Liutak
Olena Baula
Anatolii Tkachuk
author_facet Olena Liutak
Olena Baula
Anatolii Tkachuk
author_sort Olena Liutak
collection DOAJ
description The purpose of this work is to study the quality of the innovation-investment component of the international competitiveness of EU countries and Ukraine, to reveal the potential of innovation-investment activity in ensuring the effectiveness of the national economy, as well as to substantiate the priority vectors of leveling external shocks and promoting economic growth in Ukraine. The work evaluates the quality of the innovation and investment component of the international competitiveness of Ukraine and its close neighbors - the countries of the Visegrad Group (Poland, the Czech Republic, Hungary and Slovakia) using econometric analysis; a multifactor economic-mathematical model was built, which determines the strength of the connection between indicators of innovation and investment activity in Ukraine and the main macroeconomic indicator - GDP; the European practice of developing strategic programs to increase the competitiveness of the country's economy was studied; strategic innovation and investment initiatives of Ukraine are substantiated. In addition, the article made a significant theoretical and practical contribution to solving the outlined problems. The results of the study revealed the main problems of the innovation-investment component of Ukraine's international competitiveness, as well as highlighted the potential prospects for its improvement, taking into account advanced European practices.
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spelling doaj.art-1ad767e242e9462e9210b04f2cf0046b2023-06-30T19:08:28ZengLublin University of TechnologyInformatyka, Automatyka, Pomiary w Gospodarce i Ochronie Środowiska2083-01572391-67612023-06-0113210.35784/iapgos.3470SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIESOlena Liutak0Olena Baula1Anatolii Tkachuk2Lutsk National Technical University, Faculty of Business and Law, Department of International Economic RelationsLutsk National Technical University, Faculty of Business and Law, Department of International Economic RelationsLutsk National Technical University, Faculty of Computer and Information Technologies, Department of Electronics and Telecommunications The purpose of this work is to study the quality of the innovation-investment component of the international competitiveness of EU countries and Ukraine, to reveal the potential of innovation-investment activity in ensuring the effectiveness of the national economy, as well as to substantiate the priority vectors of leveling external shocks and promoting economic growth in Ukraine. The work evaluates the quality of the innovation and investment component of the international competitiveness of Ukraine and its close neighbors - the countries of the Visegrad Group (Poland, the Czech Republic, Hungary and Slovakia) using econometric analysis; a multifactor economic-mathematical model was built, which determines the strength of the connection between indicators of innovation and investment activity in Ukraine and the main macroeconomic indicator - GDP; the European practice of developing strategic programs to increase the competitiveness of the country's economy was studied; strategic innovation and investment initiatives of Ukraine are substantiated. In addition, the article made a significant theoretical and practical contribution to solving the outlined problems. The results of the study revealed the main problems of the innovation-investment component of Ukraine's international competitiveness, as well as highlighted the potential prospects for its improvement, taking into account advanced European practices. https://ph.pollub.pl/index.php/iapgos/article/view/3470international competitivenessinnovation and investment activityglobalizationinstitutional environment
spellingShingle Olena Liutak
Olena Baula
Anatolii Tkachuk
SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIES
Informatyka, Automatyka, Pomiary w Gospodarce i Ochronie Środowiska
international competitiveness
innovation and investment activity
globalization
institutional environment
title SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIES
title_full SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIES
title_fullStr SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIES
title_full_unstemmed SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIES
title_short SIMULATION OF THE INFLUENCE OF INVESTMENT AND INNOVATION ACTIVITIES ON ENSURING THE INTERNATIONAL COMPETITIVENESS OF COUNTRIES
title_sort simulation of the influence of investment and innovation activities on ensuring the international competitiveness of countries
topic international competitiveness
innovation and investment activity
globalization
institutional environment
url https://ph.pollub.pl/index.php/iapgos/article/view/3470
work_keys_str_mv AT olenaliutak simulationoftheinfluenceofinvestmentandinnovationactivitiesonensuringtheinternationalcompetitivenessofcountries
AT olenabaula simulationoftheinfluenceofinvestmentandinnovationactivitiesonensuringtheinternationalcompetitivenessofcountries
AT anatoliitkachuk simulationoftheinfluenceofinvestmentandinnovationactivitiesonensuringtheinternationalcompetitivenessofcountries