Year: 2022 | Month: October | Volume 67 | Issue 4s
Mechanism of Innovation and Investment Development in Modern Economy
Anastasiya Ilyina
DOI:10.46852/0424-2513.4s.2022.16
Abstract:
As of today, the modernization of the economy requires solving problems related to the implementation of investment projects. At the same time, such problems require consideration of investment proposals for investment projects, the implementation of which creates investment demand. Each researcher differently illuminates the mechanism of innovation and investment development of the separate area and industry as a way to the country’s sustainable development. However, improving the results of the study requires a deeper study of the problems associated with investment risks from the investment project implementation, which may cause defects in the development of the country’s economy in the conditions of war. The aim of the article is to study the interaction mechanism of investment development with the development of the innovation system in the modern economy. The results of the conducted research make it possible to state that the implementation of an investment project aimed at making investments in a separate enterprise and developing innovative infrastructure in a separate field requires the improvement of state regulation of the modern economy and ensuring its sustainable development on the basis of innovation, creativity and innovativeness. It has been proven that such countries of the European Union, as: the Czech Republic, Poland, Slovakia, Hungary, a higher level of innovative development is observed and more optimal indicators of sustainable economic development are ensured than in countries of the transitive type (Ukraine, Moldova, Armenia, Azerbaijan, Georgia, Belarus). It has been established that economic agents make investments in the innovation sphere with the aim of obtaining profit, and state bodies invest state funds in order to replenish the revenue part of the budget, need to solve the problems of providing professional personnel resources, as well as financial, informational and material resources.
Highlights
- The aim of the article is to study the interaction mechanism of investment development with the development of the innovation system in the modern economy.
- It has been established that economic agents make investments in the innovation sphere with the aim of obtaining profit, and state bodies invest state funds in order to replenish the revenue part of the budget, need to solve the problems of providing professional personnel resources, as well as financial, informational and material resources.
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