Lessons To Be Learned From Ukraine’s Positioning in International Rankings: The Need for Institutional Support and Financial Support for Economic Creativity

Management issues, Volume 18, No 4(90), 2020

22 Pages Posted: 19 Jul 2021

See all articles by Igor Britchenko

Igor Britchenko

University of the National Education Commission, Krakow; University of Security Management in Košice; Higher School of Security and Economics in Plovdiv

Irena Svydruk

Lviv Trade and Economic University

Yurii Pidlypnyi

Kyiv National University of Trade and Economics

Oleksandr P. Krupskyi

Oles Honchar Dnipro National University

Date Written: December 1, 2020

Abstract

Purpose: To develop proposals on the directions of institutional support for the processes of creativity of the Ukrainian economy.

Design/methodology/approach: The analysis of trends in the creativity of the Ukrainian economy is carried out and proposals are developed for conceptualizing institutional support for these processes. The authors set out to develop proposals for institutional support for creativity processes and offer recommendations for systematic updating of Ukrainian legislation in the areas of state regulation of high-tech business. The information base was the information materials of the State Statistics Service of Ukraine, Ministry of Economic Development and Trade of Ukraine, the statistical databases of the European Commission, OECD and World Bank for the period 2014–2020. The research methodology is based on scientific tools that include comparative analysis and economic and mathematical modeling.

Findings: Building a national program of public investment in creative development will allow us to systematically approach the issue of institutional support for technological breakthroughs.

Research limitations/implications: Recommendations on the development and improvement of legislative instruments of deregulatory policy, harmonization with European standards are substantiated. Directions of systematic updating of legislation on guaranteeing foreign investment of creative projects and targeted investment of joint research projects of academic science and creative organizations are proposed. The implementation will allow a systematic approach to the issue of institutional support for the technological breakthrough of Ukraine.

Originality/value: There is a need to step up institutional activities in the field of organizing research centers, introduce targeted investment in the academic science and research activity of creative organizations.

Keywords: competitiveness; creative economy; investment inter-state entrepreneurial interaction

JEL Classification: C43; D78; F15; G18; O11

Suggested Citation

Britchenko, Igor and Svydruk, Irena and Pidlypnyi, Yurii and Krupskyi, Oleksandr, Lessons To Be Learned From Ukraine’s Positioning in International Rankings: The Need for Institutional Support and Financial Support for Economic Creativity (December 1, 2020). Management issues, Volume 18, No 4(90), 2020, Available at SSRN: https://ssrn.com/abstract=3875001

Igor Britchenko (Contact Author)

University of the National Education Commission, Krakow ( email )

ul. Podchorążych 2 30-084 Kraków Poland
Kraków, 30-084
Poland

University of Security Management in Košice ( email )

Slovakia

Higher School of Security and Economics in Plovdiv ( email )

13 Kuklensko shose Blvd.
Plovdiv, 4004
Bulgaria

Irena Svydruk

Lviv Trade and Economic University

10 Tuhan-Baranovskoho Street
Lviv, 79005
Ukraine

Yurii Pidlypnyi

Kyiv National University of Trade and Economics

19 Kyoto st.
Kyiv, 02156
Ukraine

Oleksandr Krupskyi

Oles Honchar Dnipro National University ( email )

Dnipro
Ukraine

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