Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 1 (71)

Published: 2025.05.14

DOI: 10.37128/2411-4413-2025-1

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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INSTITUTIONAL STRATEGIES FOR INNOVATION DEVELOPMENT AS INSTRUMENTS OF SUSTAINABLE ECONOMIC GROWTH

DOI: 10.37128/2411-4413-2025-1-8

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TOMASHUK Inna – PhD in Economics,Associate Professor of the Department of Economics and Entrepreneurship, Vinnytsіa National Agrarian University (21008, Vinnytsіa, 3, Soniachna Str., e-mail: tomashuk.inna@ukr.net).

HERMANYUK Nataliya – Candidate of Economic Sciences, Associate Professor of the Department of Agrarian Management and Marketing, Vinnytsia National Agrarian University (21008, Vinnytsia, Soniachna St., 3, e-mail: natagermanjuk@gmail.com).

KOVAL Nataliya – Candidate of Economic Sciences, Associate Professor of the Department of Agrarian Management and Marketing, Vinnytsia National Agrarian University (21008, Vinnytsia, Soniachna St., 3, e-mail: natkov@i.ua).

Annotation

The article comprehensively explores institutional strategies for the development of innovation as a fundamental factor in increasing the efficiency of the modern economy and its adaptation to the conditions of global competition, digitalization and environmental transformations. It is indicated that the institutions are formalized and informal rules, norms, structures and mechanisms that regulate the behavior of economic agents, determine the framework of interaction in society and form the basis for the functioning of economic systems. Institutions include state bodies, legal norms, financial institutions, educational and scientific institutions, as well as traditions, customs, social practices, etc. The conceptual principles of the institutionalization of innovation activity are revealed, in particular through improving the legislative field, developing innovation infrastructure, mechanisms of state regulation and supporting scientific and research initiatives. The main institutional barriers that hinder the development of innovative activity are identified, and a set of measures to overcome them is proposed, including the formation of clusters, the development of public-private partnerships, and the activation of educational and awareness-raising programs. The main areas of participation of private institutions in supporting innovations are analyzed. Based on a systemic approach, the feasibility of implementing a holistic institutional strategy that combines economic, legal, organizational and informational tools is substantiated. Such an approach allows not only to ensure technological renewal of the economy, but also to increase its stability, inclusiveness and ability to long-term growth in conditions of instability and uncertainty. The main promising areas for improving institutional strategies for the development of innovations are summarized, focusing on modern approaches to strengthening the innovation ecosystem. The conclusions are drawn that the formation of a comprehensive, inclusive and transparent institutional system is a prerequisite for sustainable innovative development and ensuring a high level of welfare of the society.

Keywords: innovative development, institutional strategies, economic modernization, innovation policy, technological transformations, state regulation, economic competitiveness

List of references

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Ekonomika, finansy, menedzhment: aktualni pytannia nauky i praktyky – Economics, finance, management: topical issues of science and practical activity, 4 (62), 7–24.

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).