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

space 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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2. Vytvytska, O.D., & Slyvinska, O.B. (2021). Instytutsiino-innovatsiini zrushennia v umovakh hlobalizatsii [Institutional and innovative shifts in the context of globalization]. Ukrainskyi zhurnal prykladnoi ekonomiky ta tekhniky – Ukrainian Journal of Applied Economics and Technology, 6, 3, 79–86. DOI: https://doi.org/10.36887/2415-8453-2021-3-10 [in Ukrainian]. 

3. Honcharuk, I.V., & Tomashuk, I.V. (2022). Formuvannia stratehii ekonomichnoho rozvytku silskohospodarskoho pidpryiemstva dlia pidvyshchennia yoho konkurentospromozhnosti [Formation of a strategy for the economic development of an agricultural enterprise to increase its competitiveness]. 

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

DOI: https://doi.org/10.37128/2411-4413-2022-4-1 [in Ukrainian]. 

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8. Panchenko, M.M. (2023). Napriamy, metody ta instrumenty derzhavnoho stymuliuvannia innovatsiino-investytsiinoho potentsialu natsionalnoi ekonomiky [Directions, Methods and Instruments of State Stimulation of the Innovation and Investment Potential of the National Economy]. Ekonomika ta suspilstvo – Economy and Society, 55. DOI: https://doi.org/10.32782/2524-0072/2023-55-25 Retrieved from:  https://economyandsociety.in.ua/index.php/journal/article/view/2843/2769 [in Ukrainian]. 

9. Povstyn, O.V., & Hontar, Z.H. (2021). Napriamy innovatsiinoi stratehii rozvytku ta efektyvnoho upravlinnia orhanizatsiieiu [Directions of innovative development strategy and effective management of the organization]. Ekonomika ta suspilstvo – Economy and Society, 25. DOI:  https://doi.org/10.32782/2524- 0072/2021-25-17 Retrieved from:  https://economyandsociety.in.ua/index.php/journal/article/view/245/233 [in Ukrainian]. 

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15. Chikov, I.A. (2022). Innovatsiinyi mekhanizm pidvyshchennia konkurentospromozhnosti ahrarnykh pidpryiemstv [Innovative Mechanism for Increasing the Competitiveness of Agricultural Enterprises]. Candidate’s thesis. Vinnytsia [in Ukrainian]. 

 

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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration

 

Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)

 

The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.

 

Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.

 

Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 450 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.