Науковий вісник НГУ

Innovation and infrastructure: driving forces for entrepreneurship development and economic opportunities

• 
• 

User Rating:  / 0

PoorBest 

Details

Category: Content №5 2024

Last Updated on 29 October 2024

Published on 30 November -0001

Hits: 120

Authors:

L.Ligonenko, orcid.org/0000-0001-5597-5487,  Kyiv National Economic University named after V. Hetman, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

I.Riepina, orcid.org/0000-0001-9141-0117,  Kyiv National Economic University named after V. Hetman, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

N.Shevchuk, orcid.org/0000-0001-6467-7748,  Kyiv National Economic University named after V. Hetman, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

M.Tepliuk*, orcid.org/0000-0001-6823-336X,  Kyiv National Economic University named after V. Hetman, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O.Domina, orcid.org/0000-0003-4242-6344, University of Helsinki, Helsinki, the Republic of Finland, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

* Corresponding author e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

повний текст / full article

Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2024, (5): 163 - 169

https://doi.org/10.33271/nvngu/2024-5/163

Abstract:

Purpose. To determine the relationship between innovation and infrastructure to support entrepreneurship as factors of growth of economic opportunities, based on the results of empirical research.

Methodology. The case method and modern tools of econometric research were used to create an economic-mathematical model that assesses the relationship between economic opportunities and indicators of economic innovation. The research is based on the results of the Gallup 75 Years Anniversary Survey on current and future economic opportunities, as well as Global Innovation Index (GII) indicators.

Findings. Creating favorable conditions for doing business and developing entrepreneurship is critically important for the economic recovery of Ukraine. The high level of entrepreneurial activity among Ukrainians emphasizes the importance of the development of innovative infrastructure and business support. The developed models can be used to forecast the economic capabilities of the population, which will contribute to the return of citizens and the development of the national economy. Thus, innovations and an effective infrastructure to support entrepreneurship play a key role in ensuring sustainable economic growth and social well-being in Ukraine. The results of the study can become the basis for developing strategies for economic development and solving migration problems in the post-war period. Determinants of the growth of economic opportunities of the population (human capital) are determined. The suggested GII parameters most correlate to positive feedback on economic opportunities and growth over the next 25 years.

Originality. For the first time, the relationship between economic opportunities, the development of innovations and the development of infrastructure at the enterprise has been empirically proven. Statistically significant predictors of current and future economic opportunities of the population are substantiated and relevant economic and mathematical models for their evaluation and forecasting are developed.

Practical value. The results of the study are particularly relevant in the context of solving the migration crisis caused by Russia’s military aggression against Ukraine. The return of citizens who have left the country depends on the creation of favorable conditions for business and the development of entrepreneurship. The developed models can be used to forecast the economic opportunities of the population in different countries, which will allow effective management of migration processes and promote the development of national economies. This will ensure the creation of a favorable business environment, which is critical for sustainable economic growth and social well-being.

Keywords: innovative development, infrastructure, human capital, globalization, business model, economic opportunities

References.

1. Ali, M., Egbetokun, A., & Memon, M. H. (2018). Human capital, social capabilities and economic growth. Economies, 6(1). https://doi.org/10.3390/economies6010002.

2. Riepina, I., Tepliuk, M., & Yamnenko, H. (2023). The mainstream transformation of ideas into breakthrough innovations. In Recent Trends in Business and Entrepreneurial Ventures, (pp. 213-236). https://doi.org/10.52305/KZZV1105.

3. Coulibaly, S. K., Erbao, C., & Metuge Mekongcho, T. (2018). Economic globalization, entrepreneurship, and development. Technological Forecasting and Social Change, 127, 271-280. https://doi.org/10.1016/j.techfore.2017.09.028.

4. D’Adamo, I., Ferella, F., Gastaldi, M., Maggiore, F., Rosa, P., & Terzi, S. (2019). Towards sustainable recycling processes: Wasted printed circuit boards as a source of economic opportunities. Resources, Conservation and Recycling, 149, 455-467. https://doi.org/10.1016/j.resconrec.2019.06.012.

5. Deng, S., Zhou, X., Huang, A., Yih, Y., & Sutherland, J. W. (2021). Evaluating economic opportunities for product recycling via the Sherwood principle and machine learning. Resources, Conservation and Recycling, 167, 105232. https://doi.org/10.1016/j.resconrec.2020.105232.

6. Tepliuk, M., Fomenko, B., Sahaidak, M., Petrishyna, T., Fokina-Mezentseva, K., & Vasyliev, I. (2023). Managing of responsible consumption and sustainable production enterprises in the glocalization conditions. Acta Innovations, 48, 75-91. https://doi.org/10.32933/ActaInnovations.48.

7. Huang-Lachmann, J., Hannemann, M., & Guenther, E. (2018). Identifying links between economic opportunities and climate change adaptation: Empirical evidence of 63 cities. Ecological Economics, 145, 231-243. https://doi.org/10.1016/j.ecolecon.2017.09.001.

8. Yankovoi, R., Stadniichuk, R., Zhosan, H., Shaulska, L., Garafonova, O., Garafonova, O., & Biriukov, I. (2024) Іnnovative transformation of a financial institution in the context of digitalisation and its impact on social conflict management. Financial and credit Activity: Problems of Theory and Practice, 2(55), 75-88. https://doi.org/10.55643/fcaptp.2.55.2024.4386.

9. López Ruiz, L. A., Roca Ramón, X., & Gassó Domingo, S. (2019). The circular economy in the construction and demolition waste sector – A review and an integrative model approach. Journal of Cleaner Production, 119238. https://doi.org/10.1016/j.jclepro.2019.119238.

10. Madiyarova, D. M., & Argyngazinov, A. A. (2022). Export Potential of Small and Medium Enterprises of Kazakhstan: Analysis of Regional Opportunities. Popkova, E. G., & Andronova, I. V. (Eds.). Current Problems of the World Economy and International Trade (Research in Economic Anthropology, Vol. 42, (pp. 207-217). Leeds: Emerald Publishing Limited. https://doi.org/10.1108/S0190-128120220000042020.

11. Neumann, M., Varano, E., Chawla, S., Gomanie, N. N., & Mehta, K. (2022). Empowering middle-aged women to bolster food security in their communities. Paper presented at the 2022 IEEE Global Humanitarian Technology Conference, GHTC 2022, 361-368. https://doi.org/10.1109/GHTC55712.2022.9911023.

12. Ovanessoff, A., & Purdy, M. (2011). Global competition 2021: Key capabilities for emerging opportunities. Strategy and Leadership, 39(5), 46-55. https://doi.org/10.1108/10878571111161525.

13. Porru, S., Misso, F. E., Pani, F. E., & Repetto, C. (2020). Smart mobility and public transport: Opportunities and challenges in rural and urban areas. Journal of Traffic and Transportation Engineering (English Edition), 7(1), 88-97. https://doi.org/10.1016/j.jtte.2019.10.002.

14. Putra, I. N. G. M., & Putra, I. B. G. P. (2019). Reinventing place-identity and embracing new economic opportunities: Promoting creative economy of Sanur through public participation. Journal of ASEAN Studies, 7(2), 150-160. https://doi.org/10.21512/jas.v7i2.5751.

15. Bazaluk, O., Kader, S.A., Zayed, N. M., Chowdhury, R., Islam, Md. Z., Nitsenko, V. S., & Bratus, H. (2024). Determinant on Economic Growth in Developing Country: A Special Case Regarding Turkey and Bangladesh. Journal of the Knowledge Economy. https://doi.org/10.1007/s13132-024-01989-8.

16. Garafonova, O., Gruzina, I., Kozyrieva, O., Marhasova, V., Pishchenko, O., & Tarasiuk, H. (2023). Strategic perspectives of functioning of Ukrainian organizations in the conditions of eurointegration and globalization of the digital economy. Financial and Credit Activity Problems of Theory and Practice, 1(48), 298-311. https://doi.org/10.55643/fcaptp.1.48.2023.3957.

17. Varho, V., Rikkonen, P., & Rasi, S. (2016). Futures of distributed small-scale renewable energy in Finland – A Delphi study of the opportunities and obstacles up to 2025. Technological Forecasting and Social Change, 104, 30-37. https://doi.org/10.1016/j.techfore.2015.12.001.

18. Wang, X., Gaustad, G., Babbitt, C. W., & Richa, K. (2014). Economies of scale for future lithium-ion battery recycling infrastructure. Resources, Conservation and Recycling, 83, 53-62. https://doi.org/10.1016/j.resconrec.2013.11.009.

19. Gallup International Association (2022). A new GIA’s anniversary book: 75^th anniversary. Retrieved from https://gallup-international.com/survey-results-and-news/survey-result/a-new-gias-anniversary-book.

20. Gallup International Association (2023). Survey results and news: A new GIA’s anniversary book.

21. Zayed, N. M., Edeh, F. O., Islam, K. M. A., Nitsenko, V., Polova, O., & Khaietska, O. (2022). Utilization of Knowledge Management as Business Resilience Strategy for Microentrepreneurs in Post-COVID-19 Economy. Sustainability, 14, 15789. https://doi.org/10.3390/su142315789.

22. Sahaidak, M., Tepliuk, M., Zhurylo, V., Rudenko, N., & Samko, O. (2021). Integrative Viewpoint for Implementing Sustainable Management Agricultural Business Excellence. TEM Journal, 10(1), 303-309. https://doi.org/10.18421/TEM101-38.

23. Global Innovation Index 2022 (2023). Retrieved from https://www.wipo.int/publications/ru/details.jsp?id=4622.

• < Prev
• Next >