Efficiency of Innovation Activity Funding as the Driver of the State's National Economic Security

Abstract

Purpose. The article is devoted to an analysis of the impact of innovative enterprises activity on ensuring the indicators of state economic security. The main emphasize was made on the innovative component analysis of the economic security in Ukraine. Place and role of stimulating innovative activity to achieve sustainable socioeconomic development and improve competitiveness of the economy is analyzed in the article. Methodology. In the article economic security of Ukraine analyzed by using two methodological approach: Methodological Recommendations on calculating the level of economic security of Ukraine, approved by the order of the Ministry of Economic Development and Trade of Ukraine and the Global Competitiveness Index. Findings. The authors determined which sectors innovation activity can increase the growth rates of economic security and which state support methods should be used to maximize the growth of innovation activity. The conducted research made it possible to find out that the activation of innovation activity as a factor in the economic security formation of the state, which operates in developed countries, is not used properly in Ukraine. Such trends in innovation development of Ukraine are connected, first of all, with low (least critical) level of science funding by the state (primarily applied character, innovation and technology transfer) and low level of funding by economic entities themselves.

Assessment of Green Investments’ Impact on Sustainable Development: Linking Gross Domestic Product Per Capita, Greenhouse Gas Emissions and Renewable Energy

“…The one group of scientists proved that the main goal of green investment is declining of CO 2 emission [32][33][34][35][36][37][38][39][40][41][42][43][44][45]. The third group of scientists defined green investment as investment into renewable energy [46][47][48][49][50][51][52][53][54][55][56][57][58][59][60][61][62][63]. In this case, it is necessary to investigate and develop the universal approach to define and classify green investment which will be based on the classification of green assets.…”

The impact of tax gap on macroeconomic stability: Assessment using panel VEC approach

“…Modern scientific research empirically confirms that social (Nelson, 2017;Kharazishvili et al, 2020;Hanić & Jevtić, 2020), environmental (Lyulyov et al, 2019;Miskiewicz, 2018;Pimonenko et al, 2020), cultural (Zandi et al, 2020), political (Yelnikova & Barhaq, 2020), institutional (Dkhili, 2018;Chygryn et al, 2018;Shkolnyk et al, 2020), financial Djalilov et al, 2015;Melnyk et al, 2018;Sanusi et al, 2017;Kuek et al, 2021), innovation and investment (Vasylieva & Kasyanenko, 2013;Povolná & Švarcová, 2017;Zakharkina et al, 2018;Pisár et al, 2020;Rutkauskas & Stasytytė, 2020;Petroye et al, 2020), marketing (Harust & Melnyk, 2019Bondarenko et al, 2020;Shymon et al, 2020) factors in various combinations could both significantly strengthen and reduce the current level of macroeconomic stability of the national economy and its economic growth. Scholars also argue that the level of shadowing of the economy by increasing tax gaps affects the country's investment attractiveness, increases barriers to the country's entry into trade unions, promotes the outflow of labor and capital from the country, which directly affects the macroeconomic stability of the national economy (Kasztelnik, 2020;Nguyen & Luong, 2020;Ostrowska-Dankiewicz & Simionescu, 2020).…”

Innovative Сomponent of Countries’ Competitiveness Growth

“…A. Allen and others are devoted to the study of the nature of innovation processes and the factors of their economic motivation. Such researchers as L. Zakharkina, I. Myroshnychenko D. Smolennikov, S. Pokychko [4], P.P. Iglesias Sánchez, C.J.…”