INNOVATIVE COMPONENT OF THE INCLUSIVE MODEL OF ECONOMIC GROWTH OF EU MEMBER COUNTRIES


Keywords: innovations, inclusive model, global index, innovation sphere, high-tech products.

Abstract

Topicality. The new inclusive model of socio-economic development is focused on the well-being of the population, promoting social cohesion and respect for human rights, as well as stimulates innovation and the transition to a carbon-neutral, sustainable and circular economy with human rights at all stages of a value chain. The inclusive model of the economy involves the development of all sectors of the economy and high-tech in particular. The EU has significant potential to achieve an inclusive model of economic growth through the opportunities provided by innovation. Innovations, on the one hand, increase competitiveness, labor productivity, and resource efficiency, on the other, create new jobs that promote human development, increase welfare, reduce unemployment, poverty, and inequality.
Aim and tasks. Analysis of the current state and trends of innovation in EU member states.
Research results. The article focuses on the study of the innovative component of the inclusive model of EU development. Peculiarities and tendencies of innovative development of EU member states are analyzed. In particular, the change of trends in innovative development of EU member states according to the Global Innovation Index in 2016 and 2018. Features and trends of innovation in EU member states and employment in industries with high and medium technologies and knowledge-intensive service sectors are described. The state of foreign trade is analyzed, such as the structure and volumes of exports of high-tech products for 2010-2018.
Conclusion. The results of the study show an increase in the innovation potential of EU member states during 2010, 2019. A slightly lower level of innovation development is observed in the new EU member states. EU member states continue to rank high in the world innovation index and strengthen their position in the world.

Author Biographies

S.L. SHULTS

Dr.Sci. (Econ), Prof,
Head of the Departament of regional economic policy
SI «The Institute of Regional Research named after M.I. Dolishniy of the NAS of Ukraine»
street Kozelnytska, 4, Lviv, Ukraina, 79026

O.M. LUTSKIV

Ph.D. (Econ.), Sen.Res.
Senior Researcher of the Departament of regional economic policy

SI «The Institute of Regional Research named after M.I. Dolishniy of the NAS of Ukraine»
street Kozelnytska, 4, Lviv, Ukraina, 79026

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Published
2020-09-20
How to Cite
SHULTS, S., & LUTSKIV, O. (2020). INNOVATIVE COMPONENT OF THE INCLUSIVE MODEL OF ECONOMIC GROWTH OF EU MEMBER COUNTRIES. Economic Innovations, 22(3(76), 150-158. https://doi.org/https://doi.org/10.31520/ei.2020.22.3(76).150-158