Creating a System of Evaluation of Efficiency of State Support Policy for Innovative Entrepreneurship

Scientific bulletin of Polissia № 3 (11), P. 1, 2017

7 Pages Posted: 30 Oct 2017

See all articles by Petro Kurmaiev

Petro Kurmaiev

Pavlo Tychyna Uman State Pedagogical University

Eshgin Bayramov

Independent

Sveta Podzihun

Independent

Date Written: May 14, 2017

Abstract

Urgency of the research. The following article reveals the processes of globalization in world economic relations which actualize further research of problems of state support for innovative entrepreneurship.

Target setting. During the period of independence in Ukraine the procedure of governmental encouragement for individual branches and sectors in the national economy was rather haphazard. Most budget-funded and purpose-oriented programs of state support did not include a clear system of evaluation of its implementation efficiency.

Actual scientific researches and issues analysis. Numerous scientific works have been already dedicated to the search of optimal methods of evaluating the efficiency of certain measures in state economic policy: Fang-Ming Hsu, T. Boyko, Yu. Shkvorets'.

Uninvestigated parts of general matters defining. Existing scientific approaches do not take into account all specifics of current situation regarding the implementation of certain measures of state support policy for innovative entrepreneurship.

The research objective. The purpose of the following article is to substantiate a scientific approach to the evaluation of efficiency of state support policy for innovative entrepreneurship.

The statement of basic materials. In the article evaluation system of efficiency of state support policy for innovative entrepreneurship has been represented.

Special criteria for evaluation of efficiency of state support policy for innovative entrepreneurship, which are precisely budget, economic and infrastructural criteria, have been formed. Efficiency levels of measures of state support policy for innovative entrepreneurship have been suggested. Calculations of integral index have demonstrated a low efficiency level of state support policy for innovative entrepreneurship.

Conclusions. The carried out research has proved the necessity of improving particular scientific approaches concerning the evaluation of efficiency of state support policy for innovative entrepreneurship.

Keywords: innovative entrepreneurship, state support, government funding, efficiency

JEL Classification: O00

Suggested Citation

Kurmaiev, Petro and Bayramov, Eshgin and Podzihun, Sveta, Creating a System of Evaluation of Efficiency of State Support Policy for Innovative Entrepreneurship (May 14, 2017). Scientific bulletin of Polissia № 3 (11), P. 1, 2017 . Available at SSRN: https://ssrn.com/abstract=

Petro Kurmaiev (Contact Author)

Pavlo Tychyna Uman State Pedagogical University ( email )

Uman
Ukraine

Eshgin Bayramov

Independent ( email )

No Address Available

Sveta Podzihun

Independent ( email )

No Address Available

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